Crawl into a corner and die? No, I want to recognize reality.
In other words, while "major college" football has blown up, in terms of both interest and broadcast-rights income, the FBS schools in the Northeast (especially UConn, Syracuse, and BC) have, at best, been on the perimeter for at least 10-20 years, and I see no way that their prospects going forward are going to change. They've upgraded facilities, hired and fired coaches, switched conferences, hit the transfer portal hard, widened their recruiting areas, pushed their NIL programs, etc., etc., but still have little to show for it. Bottom line, we still get 2* and 3* recruits, and an occasional transfer from a P4 school who simply wasn't good enough to play at that level, like our big-name QB from Penn State. These players just won't get big enough, strong enough, or fast enough to compete against decent P4 teams.
So let's put on our big boy pants, and say, sorry, we just can't do FBS football at the P4 level. But what we can do, realistically, is stay in FBS but join a non-P4 conference, or we can go back to D-II (what's now FCS). Either way, we can at least be competitive.