RE: P5, G5, FCS relegation/promotion system.
As a big soccer fan, I've thought about this a fair amount and it's something I'd like to see, I don't think you'd necessarily have to pair conferences, another approach could be to divide the country into regions in both FCS and FBS, and promote/relegate the same number of schools within each region. Every region has it's individual rankings in the "college football promotion/relegation poll"
For simplicity call it south, northeast, midwest, west. Promote/relegate 4 out of each region, 16/128(12.5%, fairly close to the commonly found 3/20 15% in soccer) if the relegated schools are all G5 they would simply switch places with the FCS schools, in the case of a P5 school getting relegated, the highest rated G5 school in the region takes that spot and the promoted FCS school fills the G5 spot.
I don't know what the time period should be and the best version of this plan probably involves turning over scheduling to a governing body, which also would never happen. I'm not even saying my plan is a better one, that's the fun thing about hypotheticals with zero shot of happening, all the ideas have equal shot of happening, so I don't see much point in debating the relative merit of different ideas.
On a related note, ask me about my plan to ween the MLB off the farm system and onto promotion/relegation over three years. Ultimately there would still be the equivalent of AAA in the form of reserve teams, but they would be members of the major league club, but over the three years you can protect less and less of your minor league players, each year the unprotected players go through a quick limited waiver like period, before going into a minor league draft where the soon to be independent clubs can begin transitioning their rosters into their own players.
Or about starting a MLS2 with the purpose of eventually growing it to a promotion/relegation system. Set a cap on the MLS somewhere between 24 and 30 and set an incremental expansion plan, when accepting applications for the final X number of spots also make a second application for 12 MLS2 spots with a different criteria(expandable stadium among other things), cities can apply for both or just one. If a city wants to go big or go home, they are welcome to, if a city knows they aren't MLS ready, but believes they are MLS2 ready they can do that.
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