The A10, America East, Atlantic Sun, Big East, Big West, Colonial, Horizon, Ivy, MAAC, MAC, Mountain Pacific, Missouri Valley, Mountain West, Northeast, Patriot, Summit, Sun Belt, and Mountain West all have women’s swim teams. More than 350 D2 or D3 schools have swim teams.
Large subsidies from big time football doesn’t seem to be a prerequisite for having a women’s swim team.
It is possible (likely?) that a race to pay football players top dollar will reduce expenditures for (some?, many?, most?) non-revenue sports. As a result, non-revenue teams at schools which cut their budgets might become less competitive, but I don’t see why we are on a path for these sports to go away completely.
Certainly not to the point that “no one will (have a women’s swim team) in 5 years”.