nelsonmuntz
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Never happens. They won’t walk away from the cash flow and the alumni would not allow it.
People who post stuff like this don’t know many Northwestern alumni. For the most part, Northwestern and Vanderbilt alumni could not give a crap about being in a league with Michigan, Ohio State, Alabama and Georgia. The vast majority of them would rather play universities they consider peers.
And as others have pointed out, the endowments at those schools make the small profit they make from basketball and to a lesser extent football, basically irrelevant.
What those schools do care about is the perception of becoming just another athletic department with a university attached. The elite schools need to convince families to pay $100,000/year to attend, and a football game against Mississippi State does not help that pitch at all.