Neither Wazzu nor Oregon State have been destroyed by any reasonable metric.
JP is an AD of what is currently considered a “power conference” athletic department. He has a peculiar perspective, and even then is being hyperbolic.
The consensus opinion is that post election Congress will pass a measure granting antitrust exemptions to overcome court rulings that determined athletes could be considered employees and that athletes can’t be denied compensation. The various “college sports” organizations (NCAA, NAIA, NJCAA, Ivy League, Big 10, MVC, etc) will have more autonomy to set their own rules.
Do you really think this same federal government will have the stomach to interfere in media contracts these organizations pursue because a few dozen schools see their payouts cut by 60%?