I think there would be one hell of a fight from those on the fringe if the super conference thing gets legs. Not an anti-trust expert, but you would think there would be some issues there. There is so much money to be lost from exclusion - there is going to be a fight. Maybe Congress threatens to look at tax-exempt status. I don't know. But this is BIG business.
I think there are many obstacles to this happening. Which is good. **** me if we have to join those assholes from Texas again.
The mid-major schools always threaten to bring congress into the issue but that is a toothless threat. The courts are a bigger issue but even then congress would likely vote in an exemption if they needed to.
Think about the states with congressional delegations that would back their mid-major schools. There aren't many. You could count Idaho, Nevada, New Mexico, Hawaii, and a few others.
On the other side supporting the major colleges in a super division, and the money that goes with it you have all the SEC states, all the Big 10 states, The ACC states, the Big XII states. Most of the PAC states would either support the big schools or be neutral. Add it up and the legislative result would be more lopsided that the media rights already are. Do you think that a senator for Alabama or Texas or Florida is going to let UNLV or Wyoming stop their flagship schools from getting the lions share of the money and attention? Not likely in any conceivable way.