RE: How do you accurately determine a college team's market??
Determining a college team's market is like applying the Supreme Court's definition of determining what's pornography versus what's art: you know it when you see it.
For example, I know that the market for Texas and Texas A&M is the entire state of Texas and not just their local immediate markets. There are factors that play in to this (e.g. flagship or flagship-equivalent status, where alumni end up living, fan base size, etc.), but the overall point is that you pretty much *know* that those schools carry the entire state, whereas a school like TCU can only really claim its immediate Dallas-Fort Worth market, and G5 schools in the state of Texas outside of maybe Houston and SMU can't even really claim their own home markets. Saying that UT only delivers the Austin market because of its location is much too restrictive compared to reality, while saying that North Texas can deliver the Dallas-Fort Worth market is much too expansive compared to reality.
To be sure, markets absolutely matter with respect to conference realignment. (Whether markets ought to matter outside of that scope is a different issue, but this is a realignment board.) To say that they don't matter is a complete disregard of everything that has occurred since the ACC first raided the Big East in 2003 and the subsequent realignment moves thereafter. Who did the ACC originally want back then in addition to Miami? Boston College and Syracuse... and it was explicitly because of TV markets (and remember that there weren't even conference networks back then). Syracuse ended up locked out due to Virginia politicians effectively forcing UVA to get Virginia Tech into the league. Now, 3 of the 5 P5 conferences have conference networks and a 4th is going to launch one shortly, and the success of those networks are highly dependent upon their respective markets. As a result, when 4 of the 5 P5 leagues have networks and the 5th one (the Big 12) doesn't have one because it has a single school that can command its very own network due to the size of its home market (Texas), it's pretty clear to me that markets pretty much drive this discussion. People might not personally like it and wish that it were different, but that doesn't mean that it isn't true.
Sure, there are examples like Nebraska and Alabama that have national brand names while being located in smaller population states. There are always going to be exceptions to the general rule. However, when you're looking at the list of other marquee football powers, they're generally delivering large states and multiple large TV markets: Texas, Florida, Florida State, Michigan, Ohio State, Penn State, USC, et. al. Notre Dame's value isn't in South Bend, but rather that it delivers nearby Chicago and a wide national fan base overall. These are schools that generally *do* have very large markets, only it's a school like Florida delivering its entire state as opposed to only Gainesville. That's reflected in how they're valued in the marketplace. Once again, schools like Alabama and Nebraska certainly have national brand names and that can trump the relative lack of a local market (similar to the Green Bay Packers in the NFL), but the most valuable brands in college football are mostly large market brands.
Also, I think the lack of college football fandom in NYC is coloring a lot of people's viewpoints in thinking that large markets supposedly don't matter. When you get past NYC, you see LA is strongly connected to USC, UCLA and the Pac-12 overall, Chicago is strongly connected to the Big Ten overall and Notre Dame, Dallas and Houston are strongly connected to UT, A&M and the Big 12 overall, Atlanta is strongly connected to all of the SEC and much of the ACC, even Philly has its Penn State connection, etc. Not every market is going to be like Birmingham or Columbus in terms of college football fandom (and it's unreasonable to expect that to be the standard), but each of the large markets besides maybe NYC *do* have a pretty tangible college football presence. Let's put it this way: if you're not a national brand like Nebraska (and very few schools are), you're not going to have much leverage in the conference realignment game unless you're delivering a key market (and flagship schools are generally going to get the benefit of the doubt in being able to argue that they have a state-wide market, while directional schools will have a tough time arguing that they carry anything other than their immediate market, if that).
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