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What's Blocking a D1 Playoff?

Earlier I wrote that there is likely to be no playoff in D1 football for two reasons:

  1. There are too many schools in D1
  2. Too many schools stand to lose from a switch from the current BCS bowl system to a playoff system (the playoff would make the lower bowls virtually meaningless)

I'm always willing to update my priors/theories/arguments. Here is a Yahoo! Sports column by Josh Peter suggesting the primary person in the way of instituting a playoff is Big 10 commissioner Jim Delany (and the presidents of the Big 10 schools who have given him power). It's a fascinating read.