I know this is going to be a terribly unpopular opinion, but I believe our basketball team is relatively stronger than our football team in the grand scheme of things. Our football team is generally relegated to playing against teams outside the top 128 schools. If our basketball team was forced to do the same (which may eventually happen in the FBS schools finally decide to leave the NCAA) we would be competing for the national championship every year in basketball as well.
Take a look at the Sagarin ratings for football (which include FBS and FCS teams) and basketball. Over the past 5 years we been the 133rd best football team on average, but the 90th best basketball team on average. Add in the fact that there are a lot more basketball teams than football teams and the difference becomes larger (basketball team is better than 74% of teams on average, football team is better than 47% of teams on average).
I know it is not an apples to apples comparison, the differences between the football system and basketball system make them difficult to compare, but thinking its just as difficult to be similarly competitive in D1 basketball as we are in FCS football is pretty absurd. The talent levels, coaching and team strength required are drastically different. For example, our basketball team routinely beats top 25 teams, even in our down years. I don't think there is anyone who would argue our football team has ever been good enough to beat a top 25 FBS team, yet people generally consider our football team to be stronger than our basketball team.
I do not mean to belittle the success of our football program, it is a really good program with some really good players and coaches. However, if we had similar talent, coaching, etc. on our basketball team I do not think we would perform better than we have under Mooney.