In a recent article posted to ESPNDallas.com, Tim MacMahon discussed Mark Cuban’s newest investment idea. You may recall that he failed to buy the Chicago Cubs and Texas Rangers (which was rigged…) this year. Instead of attempting to buy another baseball team, he is looking a funding a major college football playoff system.
Cuban is quoted in the article,
Put $500 million in the bank and go to all the schools and pay them money as an option.” Say, ‘Look, I’m going to give you X amount every five years. In exchange, you say if you’re picked for the playoff system, you’ll go.’
He later adds,
It’s an inefficient business where there’s obviously a better way of doing it. The only thing that’s kept them from doing it is a lack of capital, which I can deal with.
He would develop a system with a 12 or 16 team playoff system and the bowls would still exist, only it would be more profitable to make the playoffs instead of a bowl.
When you’re a billionaire looking for a way to spend some money, you certainly can think of interesting ideas. Will it happen? Probably not in the near future, but it is an interesting proposal. Personally, I would support Cuban’s initiative. I think college football needs a playoff system, and the only reason it doesn’t exist is because of how profitable the bowls are. If Cuban has some spare capital, it might be a perfect marriage. The only change I would make is to have an eight team playoff instead of 12 or 16.
Do you support Cuban’s initiative?
[Photo Credit: REUTERS/Craig Sjodin/ABC/Handout via NYPost.com]