This is true. I didn't factor that in. However there is a still a pretty wide disparity.
Hey, I understand that there is a lot of money flowing out there and not a lot of it going directly to the players who are generating the bulk of it, but (and I hate this term) it is a slippery slope. Should an All American get paid more than a All Conference perfomer who gets paid more than just a starter who gets paid more than a back up who gets paid more than a bench warmer? How about a red shirt? How about a medical redshirt? How about a 5 star recruit who has never played v. a four star recruit v. a 3 star recruit? How about your All Conference kicker v. your All Conference QB? What about revenue sports v. non revenue sports. That football back up gets more TV time than the golf All American, should he get paid more? At what point does it become a bidding war with Texas able to out bid ISU for a player tenfold? They easily have 10X the discretionary funds in their budget.
Human nature suggests I would probably feel differently about this if I was a Texas fan and there was no risk in paying players but there is huge risk for ISU. I have watched a Cyclone varsity sports team with over 100 years of history be cut because of lack of funding. It will only get worse when ISU's limited budget has to account for paying every participant on top of the scholarships, room and board, training table, and all of the other expenses they are already covering.
Forgive me if I am skeptical of the NCAA getting this right.