+1 I actually liked the old bowl system. The uncertainty of #1 and the subsequent arguments with other alums were half the fun. Now it's NFL light with a mass market appeal to the bridge and tunnel crowd who have absolutely no interest in the actual universities. In any case, the suggested proposal may be less awful than the current one.
I disagree. The only reason I started caring for the University of Colorado was because of CU football. Now I care about all of CU's athletics and academics. I'm not saying that everyone would be like me in that respect but CU's fan base would grow and so would their coffers. It's obvious you can't depend solely on alumni. No university can or does. The SEC stadiums are already half full (or more) of non-alumni. It could become as much of a state pride thing as an alumni thing. I think that's a good thing.