I agree with #1, that is a great point. But #2, I don't understand. Iowa normally schedules multiple cupcakes (usually 3 - at least 1 FCS, agreed usually all at home) plus then ISU alternating home and away each year.
If they are worried about losing a home game, then they can schedule an Arkanasa state or Central Michigan or both they don't lose those home games because Iowa has away games against those schools. Plus if Iowa adds 2 more conference games, then that is 1-1 it would most likely be 1 home and 1 away, not 2 away. Then that is up to 5 home, 5 away games in conference, so those games will most likely be sell outs, true sell outs not an FCS opponent where they count tickets sold, not who is in the stadium). If Iowa is playing a 10 conference schedule then who is the other 2 games to get to 12?
As I stated above if they add both AS and CM that is 7 home games and 5 away games, same as a normal year right? If they choose ISU, then they alternate every other year so they lose one home game every other year.
Play ISU in IC 7 (home) - 5 (away), then next season play ISU in IC 6 (home) - 6 (away).
I don't see how that is so devastating to a program that makes as much money as Iowa does. Normally Iowa vs. ISU draw more people to the local economy than other games. A few years back they estimated that there were well over 100K possibly 120K people outside Kinnick tailgating for Iowa ISU, no other games do that.
You are correct, and they are not going to be losing a home game every other year. I don't think you realize how much one home game is worth. The ticket sales for one game alone is over 4,000,000 dollars. Now include parking and concessions. Iowa will be playing 7 home games unless there is a neutral site game. That is going to happen every year. Six home and six away every other year is not worth debating because it is not happening.