Dynasty = Pittsburg Steelers in the '70s, San Francisco 49ers in the late 80s early 90s, Dallas Cowboys in the 90s, NE Patriots lately... all of that means MANY Superbowl rings.
Duke, North Carolina, UCLA = Dynastys in NCAA Roundball
ku = 2 natl chs in the since 1952... that means you join other "Dynasties" like NC State and San Francisco CONGRATS, that is something to hang your hat on!
http://www.ncaasports.com/basketball/mens/history
Here is a Dynasty from 1989 for you! 
http://www.friesenchevy.com/NEWCARS/used%20cars/58089.JPG
I think my friends mom had one of those growing up....I was in 5th grade when that thing was made. 
Ok...so if KSU wins more than two rings during the prince era they will be a dynasty?
What I am saying is that a team that chokes in the NCAA tourney isn't a Dynasty... there are MANY schools who win their conferences - and Dynasties they are not.
BTW in order to win rings in FB you have to contend with that RIDICULOUS bowl system that we are cursed with... that is tougher than ANY game.
I know....geez.....you guys really are defensive about this whole thing huh? What happened? Am I not the first person to bring this up?
ku has actually won 4 national titles and is considered one of the top 5 programs of all time but then again you know that.
Did I miss something?
1939 Oregon (29-5)
1940 Indiana (20-3)
1941 Wisconsin (20-3)
1942 Stanford (28-4)
1943 Wyoming (31-2)
1944 Utah (21-4)
1945 Oklahoma St. (27-4)
1946 Oklahoma St. (31-2)
1947 Holy Cross (27-3)
1948 Kentucky (36-3)
1949 Kentucky (32-2)
1950 CCNY (24-5)
1951 Kentucky (32-2)
1952
Kansas (28-3)
1953 Indiana (23-3)
1954 La Salle (26-4)
1955 San Francisco (28-1)
1956 San Francisco (29-0)
1957 North Carolina (32-0)
1958 Kentucky (23-6)
1959 California (25-4)
1960 Ohio St. (25-3)
1961 Cincinnati (27-3)
1962 Cincinnati (29-2)
1963 Loyola(Ill.) (29-2)
1964 UCLA (30-0)
1965 UCLA (28-2)
1966 UTEP (28-1)
1967 UCLA (30-0)
1968 UCLA (29-1)
1969 UCLA (29-1)
1970 UCLA (28-2)
1971 UCLA (29-1)
1972 UCLA (30-0)
1973 UCLA (30-0)
1974 North Carolina St. (30-1)
1975 UCLA (28-3)
1976 Indiana (32-0)
1977 Marquette (25-7)
1978 Kentucky (30-2)
1979 Michigan St. (26-6)
1980 Louisville (33-3)
1981 Indiana (26-9)
1982 North Carolina (32-2)
1983 North Carolina St. (26-10)
1984 Georgetown (34-3)
1985 Villanova (25-10)
1986 Louisville (32-7)
1987 Indiana (30-4)
1988
Kansas (27-11)
1989 Michigan (30-7)
1990 UNLV (35-5)
1991 Duke (32-7)
1992 Duke (34-2)
1993 North Carolina (34-4)
1994 Arkansas (31-3)
1995 UCLA (31-2)
1996 Kentucky (34-2)
1997 Arizona (25-9)
1998 Kentucky (35-4)
1999 Connecticut (34-2)
2000 Michigan St. (32-7)
2001 Duke (35-4)
2002 Maryland (32-4)
2003 Syracuse (30-5)
2004 Connecticut (33-6)
2005 North Carolina (33-4)
2006 Florida (33-6)
2007 Florida (35-5)