If these stories are true I'd say just eliminate football altogether and pour all your resources into basketball. Personally I find basketball borderline unwatchable, but at least your school could potentially succeed at it again. The Football Program on the other hand will be so gutted that TV may need to run a disclaimer that young fans and those with sensitive conditions should leave the room before kickoff.
You think HCRE has a hard time recruiting now? Wait until he's selling playing New Mexico State Home and Away in the same season. Too bad donors just sunk good money into facilities improvements. I wonder how they feel knowing their money was spent on a program that may not exist in a few years. This is a real shame IMO. The school is giving up everything that's been sunk into the football side, just so a vocal minority of fans can enjoy watching nostalgia hoops with Gtown, Providence and Villanova twice a year.