If CFB is cancelled. The CalStates have nearly half a million students on 23 campuses. Only six schools have football teams. Of those six, only three teams, Fresno, San Diego, and San Jose, are FBS. Cal Poly SLO and Sacramento are FCS. Humboldt is D-2. None are P5, none are receiving huge money from networks. Frankly, they don't need CFB because enrollments have increased without big time sports programs.
But schools like Washington, UOwe, Ucla, and Cal are P5. They received hella money for broadcast rights. If they're forced to cancel football, the networks are going to look for a significant refund of broadcast right money. Already, major advertisers have begun to cancel their advertising agreements. No way P5 networks allow the unis to keep that money if the networks have seen a collapse is ad revenue. The P5s aren't saying anything until they've negotiated some agreement with networks. But if the CalStates, which is the largest American public uni system, is saying screw it, not worth the risk, it would be hard to believe all other uni systems would be stupid enough to ignore that same risk.