What the cord cutters are missing is that the content has to be paid for in one way or another.
If you find a source for live sports over IP then you are siphoning away advertising dollars. and cable subscriber fees.. from all the people involved in bringing you that content.. including the Big Ten and Rutgers for its sports events.
As more and more people do this, there will be less and less revenue.
It simply is not sustainable.
As for scripted content.. like Game of Thrones and the few shows these cord-cutters say they watch.. the same is true for them. Less revenue means less money to invest in bringing high quality production values.
Not sustainable.
You simply cannot "cut the cord" and expect to get high quality content. It has to be paid for one way or another. And if you don't contribute, then you are a leech.