Do not agree at all. UK and Duke were buying blue chip prospects who were only going to college because they couldn't be drafted by NBA teams. That got them fewer championships than UConn. Top-25 teams, sure, but UVA, Nova, Michigan, Baylor, etc. were doing just as well without getting 4-5 of the top-15 recruits every season.
Talent isn't as good in college ball. Most of the players are clustered around the tiers below the top echelon. This is the first couple of seasons that NIL has made it possible to buy players pretty openly and so far, what I've seen, is that every one is excited about being able to add talent to their team for just cash. So they're going a little crazy. We'll see how it is in a few years when fans get tired of another disappointing season for the $3m they spent on transfer guys for a season.