Good post, Mark L.
Let me play devil's advocate. Isn't your argument true for any school--it takes less budget to compete in hoops than football. Given that there are about 3 times as many hoop teams as football teams, maybe football is a good way to go. I suppose one has to factor in the value of making the NCAA's vs. making a BCS bowl. I don't know the answer...just providing a different perspective.
Hi Monroe. You have a good point. Where Ohio is better positioned though is in basketball, at least as far as facilities are concerned. The Convo could use some sprucing up but it's basically as good an arena as is possible when one considers the overall population of SE Ohio-it seats nearly 14,000. The locker room's just been redone. If Ohio can magically come up with the $ for its own IPF then it's facilities will be nearly as good as most of the top hoops teams in the country (with the exceptions being the true blue bloods of hoops-Louisville, Kentucky, UNC). And, Ohio has a recent history of successfully competing at the highest levels in hoops, as demonstrated by its 3 NCAA Tourney wins since 2010.
To be able to say the same thing about football would take a capital expenditure the likes of which we could only dream. Please keep in mind, when I talk about football I realize that Ohio has the occasional ability already to beat an AQ team. I'm referring more to what it would take for Ohio to compete consistently, 12-13 games a year against AQ teams, at an SEC, PAC 10, Big 12 level. Univ. of Cincinnati wants to spend $75 million to upgrade Nippert Stadium just to try and keep up-yikes!