“This sounds good on paper, but many teams actually lose money on the bowl games because of travel costs and ticket guarantees. For example it cost West Virginia University over $1 million 2 years ago when they went to the BCS Fiesta Bowl and defeated Oklahoma, http://www.pittsburghlive.com/x/pittsburghtrib/sports/s_657537.html. If a school loses money on one of the biggest BCS games, then there is a problem with the system.
Instituting a 16 team playoff would be a ratings bonanza that would guarantee advertising dollars and selling tickets to the games. Compare the current college football bowl season to the NCAA basketball tournament and you can see there is a ton of money to be made through a playoff system. The problem is the money would be made by different people, so those who are benefiting from the current system will not change without significant pressure and incentives to do so.”
Boston88 on Dec 24, 2009 at 19:59:34
“Jim, instituting a 16 team playoff certainly would be an awesome (and legitimate) football system, but that might mean the SEC and PAC-10 teams have to play in the snow in State College, PA or Ann Arbor. We wouldn't want Timmy Tebow to get a runny nose in the 3-below temps. So forget your legitimate playoffs. :-(”
“The situation relates to game theory, but it's not a prisoner's dilemma; it's a stag hunt dilemma.
The concept is like a hunting party for a stag (deer), if the group stays focused on surrounding and hunting the stag, then everyone benefits, but when one or more defect and take a smaller payoff of chasing a hare, then the stag gets away. There's a payoff for the defectors who catch a hare, but not those who keep hunting the stag.
In our current situation too many folks are chasing hares and saying that hunting the stag is letting the "perfect be the enemy of the good".”