Asking a Nebraska fan if anything is more important than football is like asking a an alchoholic if he would like another drink... Not to mention this is the Husker FOOTBALL board. Just sayin...
I think Florida and Ohio State definitively proved you can have both. That said, both schools who have done it are football schools, if that makes you guys feel better. I think it is a LOT easier to build a competitive Basketball Program than a football one. I also think that outside of KU, the North has been weak in Basketball for a long while, so that means opportunity. If you can compete as a top half team for long enough, better recruits can come, and 2 or 3 guys can make a whole basketball team. K-State showed that, getting 3rd with Beasly...