Pay the players.
I get colleges are making BIG money off these kids ... no argument there.
However ...
I get it ...
But part of me says ... cut the education, pay them and start a minor league.
WHOOSH! Way to miss the point by a mile or even farther? What would be the fun in cutting out colleges and universities and giving the revenue sports such as football and men's basketball to minor leagues?
Get a clue and then you might actually get it. Our higher education system isn't just about education. It's also about entrepreneurialism more and more each day and it's about close relationships between educational disciplines and related commercial/civil fields in business and government.
Why shouldn't that growing entrepreneurialism join with traditional community relations by having colleges and universities convert competitive associations and conferences into what you call minor leagues? All that's missing is paying the players as they deserve to be paid same as any programmer in computer engineering, lab rat in chemistry or physics, and TA's all over campus.