That just seems like a lot of money for Indiana, versus a Texas or an Oklahoma. I guess I'm thinking about how the Maryland basketball coach left his Big 10 school for Villanova because football gets all the money there. I think they were only talking about $200K per basketball player in that case, and those are smaller rosters. Plus baseball is still #3 everywhere.
Granted, that whole situation is more about the revenue-sharing than the private money. Certainly I have no idea what Indiana's NIL collective's budget might be. It only takes one or two donors [as with Texas Tech in both football and softball].