There is a reason P5 conference's have not broke away...
About $600 million reasons why....Yeah the NCAA is shit---I do not disagree---but they're the staw the stirs the drink. The millions they give to schools each year basically pays for ALL NON-REVENUE sports, i.e. Tennis, BASEBALL, Track, Rifle teams, volleyball, softball, WBB, bowling, archery, etc, etc....That $$$ pays for teams uniforms, travel, scholarships, tournament venues, officials, INSURANCE..
Also....
Other resources include marketing and branding opportunities, event management services, sports technology support, legal assistance, insurance coverage for athletes and coaches, as well as more..
All of this because of the millions the NCAA returns to the schools.
I dont care how big a P5 conference gets, no chance they could afford all of this. Not a chance.
As for the NCAAT----Huge cash cow for the NCAA, and well, all membership schools. March Madness is THE straw, that stirs THE drink. A P5 only "NCAAT" wouldn't come close to generating the $$ that the NCAAT does. Not even close. Plus, who's gonna pay for the venues? The officials? Travel? Food? You do realize the NCAA covers a very, very large portion of all this?
And shit I haven't even gotten to the insurance part of things for NON-revenue sports, athletes, and coaches...
Like I said, there is a reason this has not happened----And about $600 million reasons as to why it never will.