Argument: Schools lose too much money to BCS businessmen
"Wetzel's playoff plan." Yahoo Sports. December 7, 2009: "BCS bowl games are the single worst business arrangement in American sports. College football’s continued willingness to be fleeced by outside businessmen, who gleefully cut themselves in on millions in profits, makes even conference commissioners blush when confronted with the raw facts.
What other business outsources its most profitable and easily sold product – in this case postseason football?
The bowls were needed back in the 1950s. These days they are nothing but leeches on the system. I happen to like watching bowl games – or any games, but outside of nostalgia they offer no value to a playoff system.
It’ll never make sense to allow businesses outside college football to determine how college football does its business.
College football could stage the 15 playoff games itself, cut out the middle men, and pockets hundreds of millions of extra revenue.
The bowl lobby is a powerful one though, which is why just about every idea you’ll hear or read will use these bowls for the quarterfinals and these for the semifinals and so on. Or they float out the “Plus One” system, which while an improvement to the current BCS, is essentially a desperate Stockholm syndrome compromise. The bowls’ sole concern is keeping their grip on the system when reform inevitably comes.
[...]Presidents are obsessed with revenue. If they follow the money, they’ll see they are getting swindled and opinions could change rapidly.
We’re talking billions of dollars in television, game day and marketing revenue that is just lying on the table. Once they realize it’s there, will they really let it sit forever?"