It's not even about saving college football, it's about saving and establishing some kind of order in college athletics in the first place.
The problem has always been athletic is "non-proftit" in name, but ran as a "for-profit" entity where greed overrides common sense. Conference should be based around school size, alumni, and geographic footprint. Moreover, limitations on AD, coaches, et al salaries should have established long ago. Players not getting paid wasn't the problem, is was the fact guys like Saban et al were making millions selling kids lies only to bolt for greener pastures later. There's a lot wrong with that.
I really thought the government should have stepped in a long time ago to mitigate senseless travel, the expenses that go with it, and the insanity that college sports has become. If it really is ALL about the money, just get rid of all of the women's sports, and all men's sports outside of college football and basketball. But, if that happens, what's left? What made college athletics into what it was will be completely gone. It's already on it's way there with this NIL deals, which have essentially paved the way for boosters to pump in a ton of money to attract recruits. Soon the Texas's of the world will be able to buy all of their players. Then what? Allow them to be on the team without taking classes.
The entire system is completely broken. The irony is I can see these things leading to college football's demise. If you take away everything that made it great people will quit watching.