This, and maybe consider throwing all your eggs into baseball (and basketball?) and compete for titles in those two sports. Two or three influential boosters being ****ed is not going to cut it in football if you want to compete against the SEC.
And just like an effective strategic plan in business, it's a lot easier to succeed if you focus on and exploit your competitive advantages (S Fl talent pool, climate, on campus facilities, not competing against entire states, i.e. Alabama and S Car, etc).