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I'm not sure that we have the resources to compete with those much larger schools with limitless donor/booster $$.

This will be similar to soccer in some countries where the "university" teams compete in the pro leagues. Like previous poster stated, it'll be minor league pro ball.

We would become an FCS school with this model.

https://www.cbssports.com/college-football/news/player-compensation-lawsuit-vs-ncaa-could-usher-in-new-round-of-conference-realignment/ Unfortunately, it's only a matter of time before pay for play happens legally in college and permanently ruins the sport. You think the system is rigged now...