This argument? Really?
Let me ask you this, if there was an open market when Melo was a high school senior, do you think he would have been offered money or just the items you listed?
You know the answer. You knew it back then and you know it now.
The NCAA (which = the schools) kept the system as is for a reason. It wasn’t because the actual value of a player of a certain caliber was compensated enough with covered tuition and a duplex on south and dining hall food.
All you have to do is ask if, back then, in an open market, would the players have gotten paid and we all know the answer, especially when they were being compensated under the table anyway.