Sure, but the end result was the same, right? The best players went to where they were most compensated and fans watched the best games and disregarded the former powers of the sport. I strongly doubt the results would be any different.
No one is going to be pushed out of DI. Instead, a group of schools will choose to compensate players more. Some schools will choose not to follow that path and will be marginalized because of it. In the meantime, the conference structure of P* schools will mean that they play each other more and play nonconference teams less which will impact the visibility of what we currently call G5 teams.
None of that is telling anyone they are kicked out of Division I sports even if it will have the same practical effect. I don't love it, obviously, but I don't see a path to successfully stopping it.