I was reading in the NCAA manual and came across this. It seems they are not automatically eliminated, but would not meet that criteria... they could meet two other criteria to still be eligibile.
"On March 10, wrestlers in each weight class will receive an updated Win %, RPI and coaches’ ranking that includes all competition through the qualifying events. Wrestlers who meet or exceed any two of the following criteria will be eligible for at-large consideration: ● .700 Win % ● Top 33 RPI ● Top 33 CR ● .700 winning percentage against all competition ● One win against a wrestler receiving an earned position (preallocated) ● Qualifying event placement one below number of preallocated spots Only wrestlers that meet or exceed two of the above criteria will be eligible for selection as at-large qualifiers. A wrestler must have participated in at least two matches in his respective conference or qualifying tournament in order to be considered for at-large selection to the championships."