First of all: FranktheTank has been concern trolling this board ever since he started posting here. Other than UConn is going to get screwed, he has not been right on anything in conference realignment, and I am pretty sure he had us taking the last ACC slot until the very end. He comes over here and pees in our cherrios every couple of days, and half this board kisses his ass.
The problems with a clean break:
1) A lot of the D1 schools are not going to go. Vanderbilt and Northwestern have played along by default. They don't try to be big time athletically, not because they can't afford it, but because it is not important to them. They are top universities with huge endowments, and I think they will walk away from major college athletics before they will have pro teams attached to their universities. They compete with the Ivy and the UAA for students, and schools from those leagues remind top students that Harvard and Dartmouth and U Chicago and Carnegie Mellon turned down big time athletics to focus on academics. Neither Vanderbilt or Wake or Duke or Northwestern is going to draw an extra fan if the Big 5 break off, but they will have to compete with schools that will have no rules whatsoever. I don't think they are going to do it, and I think even Notre Dame has reservations about where FSU, Alabama and Texas are taking college athletics.
2) Major sports are an anti-trust violation simply by existing, which is why they lose in court most of the time. The BCS was created as a result of court cases, and the P5 know they will get crushed if they try to simply exclude other schools. This is why the P5 throw more money at the non-BCS schools every time those schools threaten to sue.
3) A split would not work in hoops. The sport is too different in too many ways, and too many top programs are on the outside already. Marquette draws better than all but 2 SEC schools.
4) The tax exempt status is finished. You guys keep counting Senators, as if the existence of a BCS school in their state is all that matters. First of all, there are straightforward IRS rules about this, and when you have a large payroll, employees making 7 figures, and a P&L, it is hard to argue you are a non-profit. The 3 tests for UBTI are:
- It is a trade or business,
- It is regularly carried on, and
- It is not substantially related to furthering the exempt purpose of the organization
How does college football measure up? You think in a world where the federal government is running a trillion dollar deficit that the IRS is not already looking at this? There simply wasn't enough money in it before, but now that there are quite a few programs with over $50 million of revenue, the IRS is paying attention. The Dallas Cowboys have more fans than any college team, and their fans have not marched on Washington because the Cowboys have to pay taxes.