The NCAA doesn't give the title trophy, the CFP does. NCAA != CFP and the NCAA can't revoke a title they never gave for that reason.
It's popular to bash the NCAA. Remember that the NCAA was created at the behest of and with the buy-in and support of the universities that created it, like UT and all of our new SEC friends, the B1G members, and so on. They created the NCAA to do what they struggled to do themselves but wanted, which was to provide governance and more importantly to be a punching bag for all the unpopular decisions they didn't want to put their stamp on, like scholarship limits, academic standards, retaining amateurism, and penalizing rule breakers.
It's a heck of a lot easier to sit back and say "those corrupt fat fucks at the NCAA are holding us down" "They're the ones preventing athletes from monetizing their NIL!" Why do you think the NCAA did any of that? Why do you think they held on so long that they get bitchslapped at the SCOTUS? It wasn't for fun, it was because their membership wanted it.
Now with all the money in major college football, there is a schism in the NCAA membership between the have's like UT in Power 2 and the have not's in the G7 and below. With the P2 programs turning profit it's no longer a "sports problem," it's a "sports opportunity" and the university presidents at those places are starting to care more. Board members like Eltife are even getting involved at a level previously not seen publicly. The power conferences are going to split off soon in football to establish more permissive rules for scholarships, recruiting, etc. They will form a new body, like the NCAA but just for major college football. The NCAA won't die, they don't even want to govern major college football because they don't make money on it and only get headaches.
So yeah I can empathize with NCAA, they're stuck in the middle between stakeholders who want diametrically opposed things. They can't pick a winner because their membership is both. They can't split the middle either. Every choice is a losing choice for them. They've also had some truly foot-in-the-mouth leadership along the way too, which doesn't help.
Also fuck you for making me defend the NCAA.