There were rumbles back in July of the Yankees vying for a bowl game by December of 2011. It sounds like those plans have moved to the next stage. According to Stewart Mandel of SI, we should expect a press conference tomorrow regarding the game. It involves not only the Yankees, but Mayor Bloomberg and the commissioners of the Big East and Big 12 conferences. It sounds like New York could see its first bowl game since 1962.
The game, if approved by the NCAA in the spring, would be a battle of the lesser Big East and Big 12 teams: fourth in the Big East against seventh in the Big 12. Even so, it would have plenty of local draw, especially for the Big East teams. The inaugural game would happen around New Years 2010-2011, which is about a year ahead of the previous projection of December 2011.
If approved, the Yankee Bowl would be the second football game played in the new park. Notre Dame and Army are set to square off next season. Army games against Rutgers, Air Force, and Boston College are also scheduled for 2011, 2012, and 2014.
For an opinion on the matter, I’ll defer to Jay from Fack Youk.