RE: P5 contraction 4 × 12: who gets left out
Let's look at it this way: what schools wouldn't get left out under any circumstances? In other words, which schools would be able to copy WVU's move to the Big 12 (i.e. someone would be willing to take them as a huge outlier) in such a scenario? I think there's only 23 schools:
Big 10 (5): Ohio State, Michigan, Penn State, Nebraska, Wisconsin
SEC (6): Florida, Georgia, Tennessee, LSU, Alabama, Texas A&M
ACC (4): North Carolina, Virginia, Virginia Tech, Florida State
Big 12 (2): Texas, Oklahoma
Pac (6): USC, UCLA, Cal, Stanford, Washington, Oregon
Even though they represent small regions or are second in their region, you should also add the following 5 based on football fan base alone: Iowa, Michigan State, Auburn, South Carolina, Clemson.
And if basketball matters at all, you'd also add 5 more: Kentucky, Duke, Kansas, and Arizona. (unlike UConn or Indiana, these also have large football fanbases, or in Duke's case has elite academics to add to the equation). That puts you up to 32: Pac (8), B1G (7), SEC (9), ACC (5), and Big 12 (3)
You've got some huge markets that aren't covered at all: Illinois, Missouri, Minnesota, Colorado, Maryland, and Syracuse almost have to be included. That gets you to 38.
For the final 10 slots, do we go with markets or with athletic program strength?
If we're going for markets, we have to add a few schools that have over 400,000 alums each: Purdue, Indiana, and Rutgers. We'd also add BYU, Boston College, and Ole Miss to include the Mountain West, New England, and Mid South/Delta regions. We'd also double up the major urban centers with Northwestern, Georgia Tech, and UConn. The last spot would go to Pitt. By current conference, that's B1G(14), SEC(11), PAC(9), ACC(9), Big 12(3), American(1), Indy(1)
If we're going for strength of the athletic program, I'd still add Ole Miss and Georgia Tech (so they're in either way). I'd also add West Virginia, Louisville, NC State, Arkansas, Oklahoma State, Arizona State, and TCU. The last spot would go to Cincinnati. By current conference, that's SEC(12), B1G(10), PAC(10), ACC(9), Big 12(6), American(1).
But of course, the last several spots would depend on the specific needs of the conference that needs them. A "master planner" scenario almost never considers this.
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