Exit 4
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2) Circle with the other teams that have "scheduling preference", which will likely be Army, Navy, BYU, Cincinnati and Boise, about forming a scheduling alliance or full blown football only conference with a separate TV contract. Throw UMass in there as a warm body. Scheduling alliance can do the same thing.
Stop right there. Three problems:
1) None of these programs are really better off in your proposed amalgamation than in their current place. You may be able to sketch out some hypothetical revenue improvements, but nothing can be signed until schools exit. And none of these schools who have exit obligations stand to gain more under your proposal than they lose in exit fees (for those with exit fees).
2) And I don't see how any would find joining your amalgamation time worthy, especially when we all know that for BYU, Cincy, Boise and UConn its all set up to be a way station on the road to a P5 conf. Why join your confederation when it might have a shelf life of 2 years. It will take a ton of work to accomplish and probably more unstable than any 'conf' assembled to date.
3) Bowls will not respect any of these teams playing as independents. BYU has its deal, so does Army. Doubtful any bowls ditch a G5 or P5 line up to add this group.