Maybe so.
Doesn't make the current system any more right.
The perspective on this is whacked, and everyone knows it. It's why the judge who sentenced Merl Code and TJ Gassnola gave them slaps on the wrist in comparison to what the prosecutors were asking for, openly questioning the idea that the universities could in any way be "victims" in the case.
Sometime early in this decade, Connecticut was having state budget problems, and some smart-*** journalist asked Jim Calhoun (the highest paid employee in the state) if he was willing to give back some salary. He got ticked, in a classic Calhoun red-*** way, and said "not a cent. We bring in 13 million dollars a year to the school".
And he was probably right to the extent that UConn basketball was, I'm sure, helping the school's bottom-line. But...Calhoun was personally receiving about 1/6th of that, and of course the players weren't being paid.
Do you really think a system like that is going to hold up forever? I don't. No one cares about Jim Calhoun, or John Calipari, or Mike Krzyewski, or any other coach, if they aren't coaching players who help them win championships. And those players have a huge, huge market value.