Ok thanks a lot everyone for the help. I've really been freaking out about possibly losing the frame but it seems like things could be ok. The bb is english threaded. I took a measure with my calipers on the Inside Diameter of the shell and its roughly 33.85mm at the 6 and 12 position and 34.25mm at the 3 and 9. I'm not sure what the tolerance is for bb shells but this seems a little much. I'm going to bring it to a few shops this week and get some estimates/opinions.