I'd take a close look and re-align the Conferences which has been discussed many times here.
I, like
@Wild Turkey , would keep Targeting as we can't have these guys not being able to function in society at 30-40 because of the serious amount of concussion they would get.
One thing I would implement, is make it illegal to offer more scholarships than you have. Alabama and many schools do this practice (although I heard Clemson does not, so kudos to Dabo).
I would find a system where players get paid for jersey sales and ads and whatnot. It seems only fair to me that these kids should be getting more (legal) money. Yes, they are going to school for free, but they are also forced to go to College is they ever want to go to the NFL, so it's not as simple to me as people make it out to be.
I would deem it illegal to have anything but a green, grass (or turf) field. Sorry BSU and EMU, but that shit is stupid.
I would deem it illegal to bring cow bells to game...sorry Miss State, but that shit is stupid.
I would find ways to make the games 3 hours max. This might be cutting halftime down a little, but really it would mean when Team A scores a TD and then kicks the PAT, we don't cut to commercial only to come back, have Team A kick off, and go right back to commercial. I'd have to sit down with a time to find out how to get games at 3 hours.
I would bring back traditional rivalries like Nebraska vs Oklahoma.