https://www.espn.com/college-football/story/_/id/30444422/knight-commission-endorses-fbs-split-ncaa
"Duncan said the group also considered the idea of creating a new division just for schools in the Power 5 conferences, which operate on much larger budgets than most of their peers thanks in large part to money generated from media rights deals and their own television networks. The last split of that magnitude occurred nearly 50 years ago when the NCAA divided its schools into three divisions in 1973."