College football will not get bailout money. Period. No should it. You cannot make a legitimate case for it no matter the party in charge. At best, the schools maybe get some money to offset athlete scholarship costs. But TV or ticket revenue, never.
It’s more likely that football gets politicized - as so much now is - with a progressive opinion that football is too dangerous and should be banned, with conservatives taking the opposite tact. And because the partisans on each side mandates absolute obedience to all policy positions of the respective party, football goes away in places like California, New York, Colorado, and Michigan and is strengthened in states like Texas and the SEC.