You don't eliminate the good non-conference teams from your schedule. Instead, you eliminate the guarantee games so you're not guaranteeing a team any money. Now that means we'll have to schedule more home-and-homes and get a few less home games. We'll work that as best we can, but you don't get rid of any good teams.
This will be financially crippling to the Belmont, Gardner-Webb, Ark Pine-Bluff's of the world.