The University announced that it has already begun, and is in the latter stages of the process, for legally and officially forming a new "league" of schools that will compete in athletic competitions under a completely different set of rules, guidelines and administration.
This new league of universities will operate completely separate from both the NCAA and the BCS system. The tentative name for the new league is: The Inter-Collegiate Athletic Association or ICAA.
It was also reported that Miami has already begun talks with several major, high-profile universities all across the Country about joining this new league for collegiate athletics. The 15 other prestigious academic institutions in addition to Miami believed to be involved in these talks to form a 16 school league include Notre Dame, Boston College, Georgia Tech, Duke, North Carolina, NC State, Virginia, Stanford, California, UCLA, Boise State, Northwestern, Michigan, Michigan State and Indiana.
The initiative behind this decision apparently was the NCAA's complete mishandling of the investigation into the University of Miami's Athletic Department. The now public and numerous ethical and legal violations that were committed by the NCAA during this process eventually led to UM president Donna Shalala and the UM Board of Trustees to decide to vacate their membership in the NCAA and move to form a separate League of Universities that share their academic and athletic profiles.
Membership is expected to be set at 16 teams and would be approved by an elected Board of Directors. The league would not participate in the current BCS system but instead would develop an internal and separate playoff system to determine a league champion in all collegiate sports.
The league would also contract separately with Bowl Games to host their teams and their football championship game. It is already rumored that the Capital One Bowl held in Orlando, The Peach Bowl held in Atlanta, and the Orange Bowl Game held in Miami are all interested in hosting these events on an annual basis.
The league would also negotiate it's own television contract and develop their own revenue sharing program. Revenues from TV contracts and Bowl Games would be divided according to an agreed upon formula by the League members.
Legal Disclaimer: This article is written as a piece of FICTION. However, it is possible that events such as those described in this feature could occur one day, and possibly, one day very soon.