What fun is waiting? I suspect that SEC and Big Ten both grow and break away from the NCAA entirely. And each of them then acts as their own NCAA-like entity with conferences and/or divisions within them.
Nobody is going to break away "entirely" from the NCAA unless they want to drop their basketball programs. There is no way that even if there is a combined SEC/Big Ten basketball tournament, its champion will be considered "the national champion" every
year or close to it.
For the Big Ten, throw in ice hockey and wrestling - yes, those are important enough to bring into the conversation. SEC, I can't think of any other sports besides men's (or, maybe if you're Tennessee, women's) basketball that would make them even
hesitate in considering a breakaway.
I think a football-only breakaway from the NCAA is quite possible - especially if they go one step further and have a clean break between the football teams and the schools. (Most, if not all, of the money that would be lost by the schools would be made
up for by the teams (a) licensing the schools' names, colors, and mascots, and (b) renting out the stadiums to the teams for home games.)
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