College basketball guarantees pay peanuts compared to football. Not that I'm in disagreement on playing more games at high majors. I think it would better prepare us for March. I'm more pointing out how it's not as lucrative as you might think it is financially.
Someone on Miami's board shared a link to a large number of their game contracts. In football you get $1M-$1.3M per game. In basketball a program like OSU pays Miami $90K-$100K, which sounds like a lot. Miami was paying low major programs (UMass Lowell, Maine, etc.) Miami was paying $60K-$70K. High majors don't really pay that much more than mid-majors do. A difference of maybe $30K/game. We would probably only get $20K playing @ Kansas than we would against a Nevada, UNLV type program. That's not the case in football.
The non-D1 schools can be scheduled very cheap. I saw Miami paid some school I never heard of $4,500 for a game. That explains why you see so many of those type of opponents on poverty struck programs, like the directional Michigan's, schedules.