The Woody and Bo Divisions? The Corn Side and the Rice Side? We'll know soon enough. The Big Ten Network will be covering the announcement live at noon if you're lucky enough to have access to a TV.
UPDATE: The division names and new logo(s) are out. The logo comes in a variety of formats and is a slight tweak on the existing logo with the removal of the "11" and a stylized "G" that looks like a zero at a glance (it's been pointed out that the "G" could also easily morph into a 6, should the conference eventually add four more teams).
You can see all variations of the logo here.
As for the new division names, they are "Legends" and "Leaders". And no, that is not a joke. The Buckeyes will play in the Leaders Division along with Illinois, Indiana, Penn State, Purdue and Wisconsin. The Legends Division will consist of Iowa, Michigan, Michigan State, Minnesota, Nebraska and Northwestern.
The division names were met with universal scorn on Twitter and will surely be hammered by the national press in the coming days and rightfully so. This is what happens when you overthink something, folks.
Finally, the league released the names of 18 new trophies to be handed out at the conclusion of football season. In an effort to honor as many "leaders" and "legends" as possible, all trophy names come in hyphenated format. The winner of the conference championship game will receive the Stagg-Paterno Championship Trophy, the championship game MVP will receive the Grange-Griffin Championship Game Trophy and so on.
Former Buckeyes were honored on five different trophies, while Wisconsin and Michigan had trophies named after four former players each. The trophies named for Buckeyes are: Graham-George Offensive Player of the Year, Hayes-Schembechler Coach of the Year, Tatum-Woodson Defensive Back of the Year, Rimington-Pace Offensive Lineman of the Year and the aforementioned Grange-Griffin Trophy.
You can view the full list of trophies here.