I assume this means they don't have any other offers then.
Kind of a bummer, but if any other FBS school was offering me, I'd probably take it over this trainwreck. I love ISU, but if I were making that decision I think a chance at winning would be towards the top of my list.
Honestly, at this point in time if given the choice to play at ISU or play for UNI or N Dakota St... I'm going to those schools with a shot at playing for a championship. And not just a conference championship, I mean a NATIONAL championship.