Well its becoming clear that the 81% value of college football scene revolves around about 40 [if you are generous] teams that are either in contention in some fashion and have fan base that cares and are in a media market that matters.
So in that sense there is a lot of dead weight from a media marketing standpoint that advertizers do not want to pay for, and ultimately that will mean the end of conferences as we now know them. [big 10 SEC round robin craziness where they have so many teams that do not play each other with any regularity)
In the meantime, we will see the xpansion of the playoffs which will have the effect of dramatizing the top 20 teams which will be on the way to a major realignement of who gets paid what in the long run in college football from a media contract standpoint. Will be interesting. Those teams, fan bases and administrations that have the obligation to fund football because of sunken costs and infrastructure, or simply CARE about football because it MATTERS will ultimately be the only teams that get paid by the media.
In the short run it matters what conference you are in because of payout which is why USC, UCLA, Texas and Oklahoma are moving but in the intermediate term it probably doesn’t matter.
As always, its the last man standing that matters.