I am a GT alum, long-term football season ticket holder, and opted in for the 2020 football season. With all of that being said, I just think the risk is too high to proceed. Witness the current mess at High Schools that have tried to open in person in Georgia. It is really difficult to get school age kids to follow directives of mask and Social Distancing. Kids/Young adults feel they are indestructable (I certainly did at that age). So we will come down with a number of Covid 19 cases no matter the precautions. Add to that that Blacks are more apt to catch the disease than others, it just looks very difficult to pull off. By the way, I played a team sport at GT and the peer pressure to be part of the pact (agreeing to play) is enormous so I am not sure how many athletes are really comfortable with the situation but don't want to rock the boat.
If cancelling Fall plays out, I wouldn't want to be the AD. The alternative of playing in the Spring means football players would play 20 to 25 games in an 8 or 9 month period with only a couple of months in between (end in May, Fall camp starts in August). It will lead to far more physical injuries due to lack of downtime. But without that revenue, how many schools can survive financially? If you cancel playing in the Fall and don't play football in the Spring, you would have to take draconian measures such as eliminate all sports for a year, cut a number of sports (though harder for GT since you need a minimum number of teams to qualify for D1 and we are not much above that number), reduce number of coaches, etc.
So my guess is they will play football in some manner (either Fall or Spring) because they feel they have no financial option. I hope it works out.