Bob Dunning Makes His Case for UCD to Move to FBS But the attendance is apparently required per Wikipedia.
“FBS schools must have an average home attendance of at least 15,000 (over a rolling two-year period). An FBS school must sponsor a minimum of 16 varsity intercollegiate teams (including football), with at least six men's or coeducational teams and at least eight all-female teams.”
I think attendance would be an issue for us to maintain that average.
Regarding TV money I think Sacramento area, and Northern California in general is a attractive market.
As you point out there are two decisions, should we want to and would they want us.