I think youre right. It will be a good excuse to get rid of costly programs. Colleges are going to be under increasing pressure to compete.
A better approach would be to put strict limits on the time a student could be forced to devote to sports so they could devote the proper time to their studies as student athletes.
Compared to 30 years ago, a current high school football player currently puts in the time commitment a college player did 30 years ago. A current college player puts in the time a pro did 30 years ago
College football has become more like profession than extra curricular scholarship activity.
BTW, college has gotten ferociously expensive so an athletic scholarship is great way for a student to get an education.
How about a free market in education? There’s no reason why kids have to go to college to learn. We waste three or more years with summers off and we teach in the worst ways possible. There are methods to get kids to iterate in the 3rd grade. Why aren’t those used?