They have already said the payouts will not be what they have been with rare exception if any exception. ESPN had some "head of the bowl committee" or something like that on the radio and he said as much.
In most cases, the trips will be shortened to be just like a normal away game and all aspects of the bowl experience will be decreased to reflect the decrease in revenue. The goal at this point is to pay the costs and not much more.
There is no big money to be had in going to a non-playoff game.