So I had the idea this morning of another conference realignment set up. Since we've already got one post on it, why not throw out another.
So the general idea would be for 16 team conferences, split into 2 8 team divisions. But the divisions are upper and lower, and each division gets a championship. The championship games would be set up like the Big 12, where the top 2 teams would go after playing everyone in their division. The upper division champion would go to the playoffs, the lower division champion would get promoted (with someone getting demoted from the upper division). Teams would play 9-10 conference games, 7 division opponents and 2-3 opponents from the other division.
Everyone in the conference would get the same conference payout, so lower division teams aren't getting short changed. Conference revenue would increase due to 2 more teams (and the resulting TV contract increase) and an extra championship game.
For the B1G, the upper division could have OSU, UM, PSU, MSU, Wisc, Iowa, New Team #1 (Texas apparently), New Team #2 (Oklahoma apparently) in the upper division (Big Ten) and Indiana, Illinois, Northwestern, Nebraska, Purdue, Rutgers, Maryland, Minnesota in the lower division (Little Ten). Whoever wins that upper division is worthy of the playoffs.
If we got 4 of these mega conferences that would make a 4 team playoff, but only include 64 teams. Could maybe increase it to 6-8 mega conferences to include more teams and expand the playoffs. That way everyone would have a chance (UCF would make it into one of these conferences, have the chance to get promoted, then have the chance to win the upper division and make the playoffs).