According to a Yankees release, team and league officials felt it was important for the Yankees, the NYUL and the city to focus on relief and recovery efforts after Hurricane Sandy.
"On behalf of the New York Urban League Board of Directors and staff, we would like to thank the fans for their continued support and understanding in this matter," Arva Rice, president and CEO of the New York Urban League, said in a statement. "Though the decision to cancel this year's game was necessary, what remains unchanged is our commitment to providing scholarships to college hopefuls."
Fans with tickets can visit www.nyulfootballclassic.com for instructions on how to receive a full refund.
The New York Urban League, which has helped more than 4,000 students of color with college expenses totaling more than $20 million since 1968, has hosted the signature event for more than 40 years.
"After speaking with the New York Urban League, it was apparent that we both reside in a metropolitan community that needs all of our attention and resources focused off the playing field," Yankees chief operating officer Lonn Trost said in a statement. "The continued work of the New York Urban League with our community youth is very important, but the decision to cancel this year's Football Classic was the appropriate one given the current need of our neighbors."