Let me preface what I’m about to say by stating that Lehigh spends an enormous amount of money (relatively speaking) and get very little revenue back, discounting alumni contributions.
If I ask myself why they do it, perhaps it was for that one magic moment in March, 2012.
With that being said, Lehigh was given an opportunity to host a football playoff game in 2011 vs Towson and turned it down due to the same guarantees Bison just alluded to it earlier. If there was a comfort level to attracting 12,000 people to that football game or 3,000 for this basketball game, perhaps Alic Gast may go for it. I see no reason to believe we would get that many people.
IMHO only, I predict we may pass. NIT would have been another matter.