re: Blue Bloods or New Money??

"Blue Blood" i.e. Old Money is more commonly referred to basketball programs since the sport of college basketball has teams who have been successful going back to the beginning of the sport (KU, UNC UK, Indiana - UCLA and Duke joined later)and who built the sport.

In contrast, the teams that built/invented college football (Princeton, Harvard, Yale) no longer play the game at the highest level. Only Michigan really goes back to the beginning of the sport. Ga Tech may be considered a Southern Blue Blood due to its 1917 undisputed NC.