So, I'm going to put this off for 1 year as I do more search. Thus far, I have found the following interesting:
Roku
TiVo
Smart Stream
The last bit is the most interesting as of yet, altough a bit pricey may be worth it to assuage the frustration of trying to figure it out at a lower cost. One thing is for sure, the initial cost to cut the cord will be a few grand to buy 2 units for each TV w/ at least 2 HDMI ports (3x TV's). First you will need a TiVo-like item to view local tv and record shows. And second, you will need a Roku or Smart Stream box to view other streaming services.
Stay tuned. ;)
(went to a friend's house who had the TiVo item, but limited to 50 or so channels and we couldn't watch college football match. Picture quality was great, however)
Additional Resources:
MakeUseOf has an article titled, "Yes, You CAN Watch TV Online Legally & For Free" that describes things a bit more with links including Kodi, Crackle and Yahoo. Article is
here.