One thing I haven't seen much discussion on is the non-conf. value we have to Iowa - it does not help them in any way if the conference that we're in dissolves, becomes a joke, etc. They play us in lots of sports, and getting beat by a "joke team" from a "joke conference" hurts their strength of schedule and chances at championships (or major bowls.) It got me thinking about non-conf. BCS opponents in football that the Big Ten teams have - Michigan, MSU, and Purdue all play Notre Dame anually, but after that, I couln'd come up with one consistent anual contest. Maybe Mizzou/Illinois, but that one is pretty new. Rival or not, our conf. status matters to the Hawks.
The whole rival or not discussion was interesting, but a little silly (to me anyway.) Since the rumors say we're loosing three from the north, we've played Nebraska 104 times, Missiouri 102 times, and Colorado 64 times. Compare that to the 57 times we've played Iowa...
Financially, we have one guarenteed sellout every year in football (unless JP has got some stunt going...) - Iowa or Nebraska. Loosing the team we've played the most times in our history (rival or not) hurts temendously... And there's no way that we continue playing Nebraska if they go to the Big Ten. Missouri Valley to Big 8 to Big 12 to, well, nothing. I don't care if the Big Red has always dominated us, I'll miss that game a lot. It's like the Bugeaters are a member of our extended family. Ugh.