I've done some research and decided these are our 3 options:

Option Description Pros Cons
Higher Tier Conferences All teams stay in their respective conferences. Contract goals lowered as much as possible but still moderately high (9 wins). Challenging Almost guaranteed that we're all fired our first season.
Lower Tier Conferences All teams moved to a lower conference (SBC, MAC, MWC). Contract goals lowered as much as possible but still moderately high (9 wins) Better chance to get closer to 9 wins We're not playing against Powerhouse schools. Still strong chance of being fired first season.
TeamBuilder
Teams		 Teams stay in their respective conferences. Teams are built in TeamBuilder using the current Death Penalty rosters. School ratings lowered to lowest possible. Contract goals much lower at 5 wins. Challenging. Lower contract goals, very unlikely to be fired. Not playing with true teams. Can't use all alternate uniforms, only those built in TeamBuilder. Will require time to manually input rosters in to TB.