In reply to: CFB is a professional sport, a major league and industry posted by MrE
business every year.
If the CBA had been more valuable to the NBA, it wouldn't have gone under. It was poorly run, so it went under. It happens. It's a cautionary tale about bad business ownership, but it has very little to do with the current situation.
If it is only the top 50-60 schools (and it would be more, but we'll go with your numbers), that's too bad but it still isn't a good reason to break employment law. If the NCAA finds value in having more schools participate, then they can pool their resources and make it happen.
You're going to have to do much, much better.
cautionary tale. They overvalued the league and ran it quickly into the ground. I witnessed it first hand. Found the egos involved to be almost comical and ultimately delusional.