"what about having to quit to keep $2500 in academic scholarships? would that be considered bad?"
Absolutely not bad. There comes a time when sports do have to take second to the rest of your life. There IS life after sports and while all you will learn by participating is valuable...there has to be more on a resume' than "I wrestled." Grades come first. I doubt there will be a regret down the road for making a choice. There is a difference between making a choice and quitting. Choosing an academic scholarship is just that..a choice. A good one.