You do realize that only 22 Athletic Departments turned a profit in 2010 and only 14 did in 2009?
It isn't nearly as easy as people try to make it out to be.
NCAA: Only 22 Division I Athletic Programs Made Money In 2010
And there really isn't a chance in hell of football getting exempt from title IX, you would have lawsuits up the ying yang.
Did you actually read the article? 22 Athletic Departments are profitable, but
58% of FBS football programs are. And I bet the percentage of BCS football programs is much, much higher than that, and will probably be hitting close to 100% as the big new B12 and Pac12 (and upcoming BEast) TV contracts come on line.
From the article:
The median athletic expense per student FBS athlete is $90,000. Do you really think adding another $3,000 to that would break the bank? Again, don't be so obsessed with Title IX. Even giving the same pay to the girls would only add up to another $1-$2 million per school, which would be a small price to pay to help separate the BCS schools into a new DI+ division from the unpopular loser conferences, and let us finally get a playoff system for the top 64 football programs. The added revenue from a playoff would more than cover that cost anyway.
If you like college football, a new division based around the current BCS membership is the way to go. There's no way you'll ever see a playoff as long as the MAC, Sunbelt, WAC, and CUSA champs get access. They ruin the numbers: they take $ from the pot, but give NOTHING back (take a look at their TV contracts - ha!). The BCS already pays the have-nots $10s of millions for nothing. And as soon as the TV execs see they may get stuck with games featuring the likes of Troy or Liouisiana-Monroe, their bids are going to drop like a rock. But show them a playoff starting with the 4 championship games of 16-team BCS super-conferences, and they'll start salivating.
D1+, the bright future of college football!