Sadly, a modified version of this is probably the best course. Like any organization, if one piece is failing repeatedly a major internal review of what's going wrong should be undertaken. If as claimed the failure to launch hs recruiting is all about $$$, then it probably is best to pull back and devote most resources to the portal unless and until that situation improves.
Doesn't mean you don't scout the 12 yr olds, send letters to the tweeners, and even make offers and have one visit by elite high schoolers. But it is probably time to limit endless visits, etc. when it's clear we're going to be outbid on the signing bonus.
The portal might keep us minimally afloat, but it's never going to make us competitive with teams stacking truly elite players in large numbers. Hard to live off their overflow.