Great points @Ohiodad51 - definitely people should be aware that having the chance to play in college is the exception not the rule. For those not good enough, or who choose not to play in college, sports are just another EC, and one that may take time away from school and other ECs. So there is some risk involved in focusing heavily on sports.
I have also observed parents spending thousands of dollars per year on club fees and travel costs - enough overall to pay for a good chunk of 4 years of in-state tuition, room and board at a state university - hoping for a scholarship at the end, with a relatively low probability of achieving that objective. If the family can easily afford it then club sports are like any other luxury good, but if it’s a financial stretch for the family it requires consideration IMO.
Of course, for those who get scholarships, and/or get into highly competitive colleges that they might not have gotten into without being athletic recruits, this all pays off in a big way that can change lives in a very positive direction.
Here’s another set of numbers that includes NAIA and JCs and as a results shows somewhat higher percentages, but still the point is the same as in the NCAA numbers.