Not a bad strategy. For us, the Big 10 and Big East teams would obviously make the most sense. I don't know about the likely hood of being able to get some of these schools to do something like this, but ideal targets would have to be: MSU, Indiana, Pitt, Cinci, Illinois, Minnesota, Penn St, Purdue, Louisville, UConn, Syracuse, and WVU. All would be winnable football games, and all would be huge draws coming into Athens for a bball game.
Obviously it'd be tough to get some of those schools to agree with it, as a few of them are considered among the elite every year in college basketball, but definitely an interesting concept.