What it shows is the plan right now is still to run it back next year damn the torpedoes.
The article talking points were likely fed to Waters to bolster the rationale for that to the public.
I am not surprised at all by it as it would seem they really don't want to pull the cord on Red at this point for a number of obvious reasons (poorly structured buyout, recruiting continuity, only year 2, etc.) Plus, while many of us knew this might be a transition year to an extent, no one thought it would be this bad (including the administration.)
The only outliers are if home game attendance trendline continues on the flatline and if the season tix renewals are also in the dumpster on deadline day.
They can't run it back with these attendances and, if the the renewals at deadline are way down, it may force a move.
I highly doubt we can afford to absorb such revenue shortfalls for another year and it's maths at that point.
I would guess that JW and the Chancellor/BOT are watching carefully and JW has to have a plan b forming because of reality.