I agree one 1 and 2. However, on point 3 I will simply ask you this. Do you think that the NCAA is taking advantage of the athletes through television?
Going off of current legalities in broadcast television, no they're not.
News media has investigation freedom and freedoms from the first amendment in order to report information. Universities COULD ban the news media from broadcasting a sport, but why would they? ESPN, ABC, athletic departments, etc., all receive benefits from having games broadcast on television. To me, this is completely different than making a video game out of them.
Athletes don't see a dime of that revenue of course because they're athletes. No student athlete can receive 'blah blah blah'...well, you know how that goes.
From a broadcasting and news stand point, the press is well within their rights to put these kids on television in any light they want. And how can you argue they're not, to be honest. This would open a can of worms like:
1) Should people interviewed on television for basic news reports seek compensation?
2) Does anybody seen on television deserve compensation?
3) Do photographers owe the people they photograph money if said photographer makes thousands off of an image? (The Migrant Mother photograph is the perfect example in this situation.)
All of these are ethical issues that people have different opinions on. But, it's too outlandish to suggest broadcast television is taking advantage of athletes when broadcast television does far more than sports.
I'm sorry if that sounded a lot like jargon but basically my answer is no, I don't think they are. Then again, I'm a broadcasting student so you can naturally assume where my allegiances lie.