Let me tell you about hockey!
I know a few parents who took their kids out of excellent public schools for preps! Paid $70k/year PLUS Tier I travel hockey.
The result? All of them playing D3 where my daughter also plays and she did public school and Tier II travel.
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.