Please explain further. I don't think they have any. If there is no college football season, most athletic departments won't survive. This isn't the NFL or NBA, etc. where the owners can sit and wait and have the players feel the pain first. The athletic department NEEDS the student athletes to play.
Who is "they"? You're glossing over details here, and that's the issue. Is "they" a school like Minnesota or WI? If so, the athlete will just go to a different school. Is "they" the Big 10? If so, the athlete will go to another conference. Is "they" all the schools put together? If so, they still need the athletes to play in order for the athletic department to make it. I can't see 120+ schools coming together and threatening to not have a football season. No one in the SEC would tolerate that, when the alternative is to just keep paying them like they are now.
We're going to go back and forth for forever because details? More than one way to skin a cat. This is all hypothetical because its a message board. To be very clear, none of this will happen because those who hold the cards are profitable and winning.
Campbell approach, which has minimal traction purely because Trump wants to be involved and it's a PR point: he wants congress/gov't to do it because he knows the schools are caught in this juxtaposition or what you say.
If colleges went for this, it actually may make their case a little more obvious. The schools are all operating on media rights deals which are negotiated up front and for the amount of stuff they give access to, which BTN frankly doesn't give a shit about other than as filler (this is a portion the push cited, which I am dubious about coming from him but it is true, is that putting in legislation will save Olympic sports, which become bygones because they spend about $60million on football and men's basketball, which is the size of the media bill.
This argument that athletic departments wouldn't survive acts like they didn't do so for forever without media rights deals and without paying players. Again they did this to themselves and they continue to do so because the B10 and SEC are ahead and want to remain so and are happy to pass the bill along to others. They won't do any of the above cited (which is what I'd argue for) because it would jeopardize what is an easy advantage for them. Hence why this discussion of "details" won't matter because they use it as leverage to whine and complain to their fanbases to get them to donate more money.
Probably the easiest potentially real way this would happen would be that a new governing body comes into place which caps costs to be renegotiated at a certain set time period (same as a CBA) that schools all elect to enter to be part of it, play in postseason, etc. You'll still have NIL existing outside of this with the actual guardrails that NIL was intended to have.
The other option., which will never happen because the schools with the power are doing fine right now and foresight into problems down the road is not something an AD who has a very short lifespan compared to the entire University will care to do, would be to have the B10 and SEC (which would require their commissioners to go there, which again won't happen because they like being paid their 4-5million a year) to say this is what we're doing.
Another option, which maybe has the most reasonable chance of happening, is people stop donating to the tune they currently are and the money dries up (comparatively). this is reality is probably already happening many places with many schools being floated by big money donors. Do people keep donating places like Minnesota where your chances to contend nationally are pretty low?
A further option would be the severance of certain sports from Universities or cutting Olympic sports. If we're leaning into the profit model and away from amateurism, you can't really support swimming or men's golf. Cuts are happening all over but they're bandaids. An option would be for development of a league that effectively moves these sports off University books and makes all the players contracted employees (akin to a CBA). I would put this as highly unlikely as the school names are more what matter (one watches the QB play at Michigan, not Bryce Underwood who happens to be at Michigan).
There's so much nuance and detail to this that none of this outside of Congress doing something is likely to change because there are too many wildly discrepant parties across CFB and even within conference (OSU is not ever going to view things equally with MD when their athletic dept revenues are 336mil vs 124mil, respectively, or will they want to compare with Rutgers who without state subsidies is like 500mil net negative in revenue).
The schools would all survive if they didn't play any sports for a year. It'll be real curious to see what happens once it hits the point where some schools in a bigger conference cannot continue in the facilities arms race. We'll see if they decide to act before any of that happens. Again lots of ways to try make this work, but imagine all would be contingent on the B10 and SEC choosing to do so, which I really do not see happening, and instead they will continue to press fans and donors to donate to fill their cash gaps.