Read the book Death of the BCS.
The whole bowl system is a racket. Teams forced to buy tickets for games. The universities lose millions on a lot of these games. Who gets the $$? A very limited amount of people. These guys make $5-800,000 year for hosting ONE game. One lousy game.
Then ya have these bowls who claim to donate to charity. Uggh. A bowl might make $10 million & advertise how they're in partnership w/ a certain charity. So the author called the charities & they'd say "yea, the bowl committee gave us $100."
Have a playoff in place w/ home field advantage for higher ranked teams. Split the $$ 50/50 between home & visiting team (or conference, depending on how they want to work it).
Basically Jim Delaney doesn't want a playoff. Even though the B1G would make more $$ w/ a playoff, they'd get a smaller % of the total pie.
The book is great. It explains in detail why a playoff would have prevented all these teams from jumping leagues. Nebraska would have had no reason to jump to the B1G if a playoff would have been in place.
Also, teams would schedule tougher games non conference. In 1988 there were 15 games (non conference) between top 20 teams. That's w/ an 11 game schedule. In 2009 there were 5 I think it was. In 2010 there were 4. That's with a 12 game schedule.
Michigan got stuck w/ UConn to open their stadium a couple of years ago. They tried to get Texas, Florida, anyone they could. They offered a home & home. They had no takers until UConn said ok.
There's a whole slew of things about the BCS that'll blow your mind. The equivalent of the BCS in the NFL would be to have a Super Bowl between say Green Bay & New England. Then have all the other playoff teams play at a nuetral site w/ some promoter getting 80% of the $$$ while the NFL teams that made the playoffs lost money on the deal.
I actually do think LSU & Bama are the 2 best teams this year. If there's only gonna be 1 game to decide the champ I think they have the right two teams. There really should be a playoff to determine it though.