This would be a terrible decision, financially.
They will have a lot more firepower back next year, with Forte and Evans. That will be one of the best guard duo's in the league next year. In the post, they are bringing in some 4 star guys. On the wing, they have pretty solid role players like Shine and Carroll. Depending on what happens with Davon Dillard, they could have another top 100 guy on the wing, but he has a ton of baggage.
Travis Ford sucks, but he has slipped into some NCAA Tournaments and at OSU, that is really your primary goal. Just get into the NCAA Tournament and be competitive in the league. Something like a top 5 or 6 finish. That's as good as you can do at OSU, and I think Ford can do that.
Give him a chance to do this next year, and I guarantee they won't flop again.