MLB can give all the money they want BUT Title IX is the reason that scholarships are artificially limited; at least at big time college level anyway.
Where UT has to figuratively beat the bushes and beg coeds to row; the baseball team (because they have a penises and are not big enough to play football or basketball) has to make due with 1/4 scholarships.
I used to be pro-Title IX but now that I read more about the requirements, it sounds like every other government mandated feel good program.
My son who will never be a college football or basketball player has ZERO chance at a full athletic scholarship if he excelled in baseball, golf, tennis or track&field. My daughter, who has never rowed a boat in her life; could get an athletic grant-in-aid just be walking up to an information booth and signing up. The government and Title IX supporters think this is fair.
So MLB could fund the scholarships at every Div 1 school and it would only increase the number of athletes marginally. Schools like TTU, Western Carolina and others sometimes lack the funds for full complement of scholarships. So, MLB if they funded every scholarship; would add (maybe) 75 scholarships