I don't necessarily disagree with you, but it is an extremely complex situation. If you go with that direct route of making these athletes paid employees, then the idea of a student athlete is, IMO, totally dead in the water (though it is probably already true). I think the NCAA is simply trying to delay the inevitable. I am torn on the issue, as I think the athletes should value their education, but these high-end athletes are already leaving without degrees and using college as a stepping stone for the pros.
With the inception of so many alternatives to college for high school basketball players, the NCAA is being forced to adapt or die. I think the end game will be paid employees, but I am not sure how I feel about it for various reasons, especially for the athletes that are not going to go pro after college.