Originally posted by topdecktiger:
One thing to keep in mind is that this era of massive TV contracts is new. Everyone thinks it's always been that way, and will continue to be that way, but it's not the case.
Up until the 80s, there were no TV contracts. The NCAA owned all the rights, and they had the only TV contract. Then in 84, Oklahoma and Georgia won a lawsuit vs. the NCAA, which gave the schools/conferences control over their own rights. The Big Ten and Pac 10 signed with ABC, and everyone else bargained collectively under the College Football Association. The SEC and Big East left the CFA in 95, and everyone else left in 97, when the CFA folded. That's when everybody started signing individual contracts.
Point being, there is nothing to suggest the current setup is destined to last long-term. The contract explosions are most likely a bubble. I think you probably end up with college football as a whole adopting something more along the lines of the NFL.