The deal announced Monday by the Yankees will begin in 2014. The Pinstripe Bowl announced a similar agreement with the Big Ten earlier this month.
ACC Commissioner John Swofford is scheduled to be in New York on Tuesday for a news conference at Yankee Stadium with team officials.
The ACC replaces the American Athletic Conference (formerly the Big East), which helped start the 4-year-old game.
This season’s Pinstripe Bowl will be the final one to match a Big 12 team against a team from the American.
The Pinstripe Bowl became a good match for the ACC with the additions of Syracuse and Pittsburgh this year.