The BCS was broken and lasted 16 seasons. In all honesty, I think we'll see a split between the P5 and the non-P5 schools before we see the # of playoff teams increased. It makes too much sense considering that schools can now pay players a stipend, though really only the P5 and ND will be able to afford to do so. That will likely create an even larger talent disparity in the FBS division between the "haves" and "have nots." Utilizing the info from Forbes (
http://www.forbes.com/sites/chrissmith/2013/01/16/the-most-valuable-conferences-in-college-sports/ - I know it's dated as the BE doesn't have football, the WAC doesn't exist and several of these have been renegotiated, further expanding the disparity, but the easiest proxy I could find), the quick breakdown is:
- B12: $26.20 million/team
- Pac-12: $25.25 million/team
- B1G: $22.14 million/team
- ACC: $20.93 million/team
- SEC: $19.28 million/team
- BE/AAC: $8.55 million/team
- CUSA: $2.04 million/team
- MW: $1.79 million/team
- MAC: $1.69 million/team
Based on the above, it's fair to quickly assume (even if the data is dated) that the non-P5 won't be able to pony up those stipends to recruits. Thus, it stands to reason that other than a few exceptions, a recruit would be very likely to accept a scholarship offer from the worst P5 school, rather than to play for a non-P5 purely based on the fact they'd be getting paid. It won't be long before the non-P5 basically becomes what the current BCS division is. Currently there are 65 teams in the P5 (including ND). If the split happens, I would bet that at a minimum the conferences become more balanced with 14 or 16 teams each. That increases the school count to a minimum of 70 teams. It stands to reason if this happened, the P5 will also see increases in media rights revenues as the competition will be improved with many more big matchups. You can already see this happening with conferences considering 9 conference games, 1 big OOC opponent, 1 non-P5 opponent and 1 FCS.
I think that once the break happens, you will see the playoff system move to 8 teams with the P5 conference champions given automatic berths, similar to the old BCS.