Some thoughts I have: 1.) Only profitable sports would continue: Basically we'd be left with football and men's basketball-maybe women's basketball would survive 2.) To avoid discrimination, female athletes would need a fair chance to join football and men's basketball teams: Kind of like in the corporate world, companies have to prove that they are not discriminating based on race or sex, etc. You would probably start to see a few females on men's teams. 3.) Athletes would be paid: Not only would they be paid but there would be individual and team-based incentive pay. Salaries would not be fixed. Richer teams would be able to pay whatever they want and attract the best talent. 4.) Athletes could be fired (at will): In states that have at-will laws on the books, athletes could be let go at any time for any reason. 5.) Athletes could also join new teams any time they want: Even in the middle of the season. There could potentially be clauses in contracts like non-competition clause which would likely restrict athletes from joining direct competitors (i.e. other teams in the same conference) 6.) The NCAA would probably just be a member association with no enforcement power and/or be more like the SEC and only have enforcement over things like anti-trust: This means most of the rules violations and suspensions would go away and teams and leagues would have the power to set their own rules for the most part. 7.) Teams which regularly underperform/and lose $ would go bankrupt and no longer compete 8.) Teams could issue IPOs or look for private capital to grow and be more competitive. This would mean that us as fans/investors could own equity in our favorite teams or in teams we feel have the best chance to provide an ROI While some of these ideas could be adapted and not sound so bad, as a whole I don't think we can go there. But maybe a reconstituted BCS group could try to move towards some of these ideas.