Okay, so you're talking about shutting it down and then turning it back on?
That would be fine with me... even a year or two would be fine.
OTOH...
They can't shut it down forever... because, then, somehow, the Pedsters would make up some BS narrative about how they'd dominate the ______ (b1G, nation, sun belt, whatever) if they HAD a football team.
I honestly think... they don't need to shut it down, and the program, university, etc should all suffer together... if you guys want to sew the earth with salt and napalm the place, that's fine.
But, what I really think needs to happen is... they need to suck, and I just don't see any getting around it, honestly what with all the good pub, recruting, and top notch coaching staff they've got... not to mention the 'de-emphasis' on football... plus if they suck it will demphasize itself.
If they close it for 4 years and bring it back, a lot of the smoke will have cleared and they might freshly embrace the thing... who knows, might catch on to a hot young coach, and quickly recrtuit in a bunch of guys on the "new" factor...
No, best to let it wither on the vine in purgatory I think.