That's not really how it works though with baseball and the financial reality of a UM education. Miami does not have a large endowment. Schools like Stanford, Vandy, and USC can take advantage of what you said, because they can make it free for anyone who is under a certain income threshold to attend. That frees up the baseball coaches to use the 11.7 to almost have a full scholarship team. Vandy adds on to this by giving out a lot of merit aid so they rarely have a kid pay more than $4-5k a year.
Miami relies on tuition fees to run the school. Miami does not have the endowment to functionally make it free for anyone whose family income is less than $125-$150k to attend like a Vandy or Stanford. Miami does give out a good amount of merit aid, but baseball players have to qualify for it just like every other student. Miami does benefit some from this, it's allowed them to bring in someone like Cecconi on the equivalent of a full-ride, but there aren't that many elite baseball recruits with top 5% test scores. Neither Miami nor Vandy can just give more scholarship $ to baseball players. Vandy is a much wealthier school, so they can make it more affordable for everyone, and baseball benefits from that.
A school like Wake Forest is probably a better comparison for how Miami is financially for both regular students and baseball players
