Could SU engineer a sort of ripoff of the Philadelphia Big 5 series, played at MSG in a condensed tournament rather than throughout the year, with D1 New York basketball schools taking part? Syracuse and St. John's as the big players, and then get the likes of Fordham, Binghamton, Siena, St. Bonaventure, Albany, LIU, etc. Maybe expand it to be a tri-state thing to include Seton Hall and Rutgers.
You just described the dream athletic conference that so many on these boards are still pining for.
But to make them really happy, throw in Marist, Niagara, Manhattan, Iona, and Canisius on the hoops side and for football in addition to SU, Albany, Fordham and Rutgers grab Buffalo, Stony Brook, Colgate, Army, U of Rochester, Cortland, CBA and Union-Endicott you've got a football side too, consisting of in state rivals, traditional rivals, schools that have sent players to Syracuse and even a safety school (Rutgers). That would be awesome because lots of those schools have people who went there who own TV's.
But seriously, you're idea has to happen in some form, and it has to happen in addition
to regularly scheduled games in the Garden.