re: The NCAA lost in the highest court in the land

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You are confused, man

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No

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The NCAA doesn't fatten their wallets on college football

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in the 50's, 60's and 70's they did till the CFA formed and SCOTUS ruled

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Basketball, yes.

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The Final Four is 1.1 Billion a year (yes Billion with a B) to NCAA's income

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If you are making the "fat cat" argument, you are looking the wrong direction.

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Still the correct argument. They did the "fat cat" thing till they lost it. Instead of learning from this error they have continued to make the same mistake with basketball.

In football the NCAA has just been replaced by the BCS / CFP which is currently a LLC (closely held private for profit?)

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The BCS bowls had been accused of promoting the BCS system because they and their executive officers greatly benefited financially from the system. Bowl executives, such as John Junker of the Fiesta Bowl, were often paid unusually high salaries for employees of non-profit organizations. To promote support for their bowls and the BCS system, these highly paid executives allegedly gave lavish gifts to politicians, collegiate sports executives, and university athletic directors.

In response, a pro-playoff organization, called Playoff PAC, in September 2010 filed a complaint with the Internal Revenue Service. The complaint alleged that the top BCS bowls, with the exception of the Rose Bowl, routinely abused favorable tax status by using charitable donations to give gifts and compensation to college athletic officials. In one example detailed in the complaint, the Orange Bowl treated its executive staff and invited college athletic directors to a four-day Royal Caribbean cruise in which no business meetings were held.

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New Boss, same as the Old Boss

If a private company now controls access to all the games ...

a) It is a monopoly
b) It controls the seating (and can sell to corporations before schools)
c) it controls the revenue streams, not the schools
d) it could care lees about actual fans and focuses more on revenue
e) all of the above and then some.