One, the amount of money universities can shovel at athletics is insane. It cannot be justified, I don’t care how many reasons you come up with. They pay millions to build stadiums, pay coaches, etc. while throwing chump change at people doing academic work. I have also seen hundreds of thousands of dollars thrown at things like ugly artwork and statues.
Two, the “chump change” I spoke of doesn’t even come close to scaling with cost of living. I don’t even know how there can be students in cities where housing costs are out of control, unless they are the children of millionaires.