Imagine if parents spent just a partial amount of this investing in their kid by way of savings or mutual funds and their schools (both teams and academics). The community, academic performance , and experience would be exponentially better.
I talked a dad who told me he spent $10k a year on travel baseball between tourneys, travel, and gear for his son. He got a partial scholarship to D-2 school. If he had put the $10k in a mutual fund each year, he would have had about $190,000. The scholarship was $5k a year.