I agree, to a point. But no one knows what will be pushing expansion in 5 or 10 years. Does a new system come to play, that causes something to be of value in a different way. Does the TV/Streaming system change in a way that adds value to a school that currently doesnt have that value because of how the system/contracts are done.
Does a school like Stanford get a boost as a package deal with ND?
Does a school take a discounted rate, ala SMU, Oregon, Wash etc, that is enough to get in the door?
Does some other player come in wanting a certain number of teams, or a certain team makeup for a large payout?
Does someone want a certain inventory, that includes football, basketball etc, so adding the Dukes or UNCs becomes more valuable?
I am not saying any of these things matter, or will matter, all I am saying is we dont really know what the system will be a decade from now, we dont know how values may change both up and down, we dont know what might be the major value player.
A decade ago, cable carriage fees were the value, for B1G, now not as much. A decade agon no one thought the Pac would fall and all those teams be added to 3 other conferences. A decade ago the NIL, profit share, and transfer portal were not a thing. A decade ago a team like Indiana not only winning the B1G but also having one of the top earning coaches, and one of the highest valued teams was not even a pipe dream. A decade ago, the landscape was totally different, and a decade from now I am guessing it will be a lot different from what it is today.
I agree in the current system there are few if any that add anything to the value for the B1G or SEC, but that doenst mean a team like UU or TT etc could rattle off several years of top finishes, and top valued teams etc. that drastically increases their value, as far as what is considered valuable today.
Then who knows the entire system could implode, someone like cykadelic could get their wish, the government could step in, the system could collapse on its own weight, some other major event or some major investor, could come in and force change. With private equity trying to get involved, a lot of people could get their hands involved and really all bets are off at that point.