First, there is no way this passes any sort of Title IX scrutiny. Not only are they talking about paying men's basketball players six times what they are playing women's basketball players, the overall men/women disparity will never fly.
Second, are they only going to pay scholarship players and not walk-ons? I'm sure that won't lead to lawsuits. If so, a team like Nebraska is going to be getting tons more than other schools. I'm sure that won't lead to lawsuits.
Third, as others have said, football pays for almost everything else. It would kill almost all the minor sports. Then that leads to more Title IX issues since schools have to have the minor sports to offset the scholarships for football. That will lead to lawsuits.
Fourth, there aren't that many baseball players on full scholarship. Most get 1/4 to 1/2. So a very few would be getting something and everyone else gets nothing. I'm sure that won't lead to lawsuits. Or coaches manipulating who is on what kind of scholarship to either help recruit a player or not have to play anyone. That seems like a great idea.
In short, this is never going to happen. It sounds really good to throw out there but isn't workable in any semblance of reality.