NCAA schools collude to keep player compensation down, they should at least agree to limit coach compensation to something like $300,000/year.
Where would the coaches go? The NFL and NBA can only use so many coaches and even if the top coaches did go, would it real make college sports less appealing? I think not.
Also NCAA sports are used by university administrations as marketing to raise the academic standards of the students they accept which increases the prestige of the university which is in the administrators' interest. But what is in it for the taxpayers? Nothing really.
I live in Gainesville FL home of University of Florida but because UF has been successful in this strategy, they were able to reject my son. He had to go to University of Central Florida which meant that he could not live with us at home. That cost us an extra $50,000 and it weakens family and has other bad effects!
The school administration would argue that there is a benefit to concentrating the better students together but there is evidence that such claims are false. In fact studies show that students who applied to more prestigious schools and are rejected do just as well as students who go to the prestigious schools. This is evidence that the schools do not matter but rather the ambition, diligence and intelligence if the entering students is what matters.
Everyone in biased we all are including the top administration of our state universities and we are letting them grab money and prestige at the expense of taxpayers.