A lot of people get up in arms about a larger FBS (P5/G5) split, but there already is a significant separation within FBS. Schools (Presidents/ADs/Fans) have too much pride to ever willingly admit this, however, so an abundance of schools continue to raise spending, unnaturally, in order to account for the big schools spending what they earn in television revenue.

There are a lot of factual points and interesting proposals in this article. Good read.