While I am not an endocrinologist, I am a physician. There is argument among endocrinologists that TSH should be below 3, not 5, as is currently accepted. If these athletes have TSH values above 3 ( and certainly above 5) regardless of T4 values ( sub clinical hypothyroidism) they have legitimate reasons to go on thyroid medication to correct there TSH to appropriate levels.
Taking thyroid medication in the face of a TSH below 2-3 would certainly hinder an individual by placing them in a hyper metabolic state which would lead to overheating, excessive sweating, diarrhea, increased BP, excessive anxiety, etc.
Think of this like iron. Iron will help one if iron deficient, but would make ill if taken in excess or, at least, not help if one is not iron deficient. While someone with sub clinical hypothyroidism ( high TSH, normal T4) appears to have normal free t4 by lab value ( it is the definition) there is evidence that there is less t4 overall. Like iron deficiency without anemia.
It would be great if an endocrinologist could weigh in on this thread