There are a lot of great points on here, but the one thing wrestling still has going for it is that kids do value a high school state championship and your best kids in the state are participating in the high school programs. Maybe soccer is a better comparison than gymnastics and what you should fear. From what I hear and see, HS soccer kids value and believe their club teams are much more important than their high school teams and they don't play for their school. That takes the best kids out of the high school programs and the level of competition at the high school is not close to what they get in the club. While the best kids in HS wrestling know they will need to compete at a national level for a scholarship opportunity, so far there are not in season opportunities for kids to go wrestle all over the state against better kids during the HS season. Are some super top level kids skipping their senior year to go the OTC or go their college's RTC, yeah. So far it is a very small number which is a good thing.
I think what would make me even sadder about schools dropping teams would be the loss of a chance to help kids. The older I get, I worry much less about winning a team state and much more about just getting participation up so you can get more kids involved and give them good role models, reasons to study, reasons to want to go to college, experiences with their teammates they won't get in other sports, camps, etc. Basically life lessons and a chance to help them. A small kid just is not going to get that in football at a lot of schools for example. Every other sport has become so political, where I live at least, that it seems that wrestling offers these kids a chance to earn a spot and participate where they can't fit in otherwise. I hope that other coaches would stick with smaller programs for this reason even though it is discouraging to lose good kids to other programs sometimes.
While it is very difficult to find a D1 starter to come back and coach your local HS, I am encouraged by the young D3 and D2 coaches that seem to be much more available than they were 30 years ago. Manchester has turned out a lot of good coaches for example. Wabash has turned into a power house. While these guys may not have placed at the US Open, they are more than capable to coach a kid to a HS state championship and ( while young anyway ) offer some great partners for your kids. I don't even dream of finding a D1 coach in a rural area but there are D3 guys out there if you are lucky enough to get one.