Not to attack the OP but I'm sure this same sort of question gets asked ad infinitum every time there's a change in college hoops (three point line, one and dones, etc).
You didn't see fans out for Cuse-Pitt because those teams suck. Watch a game between two teams that don't suck and there are rabid student sections and raucous crowds. There aren't many teams at all beyond the blue bloods of the sport who are going to draw huge crowds with bad teams. The same is true in any other sport.
Basketball at UConn hasn't felt the same because we were barely starting to crawl back into relevance after the KO debacle when Covid hit, which robbed us of a few great home crowds and put a damper even now on attendance, etc. But let's not extrapolate from "no fans watching terrible teams and UConn doesn't seem the same" into "the sky is falling for college bball".
No one is going to stop watching because the kids are finally making a little money. College basketball will be fine.
No offense taken. Your argument is a sound one. My main thrust is, as poster 'Osully' wrote below your comment, that I think it has more to do with what's happening outside of sports.
I feel that college basketball may not be enough of a draw away from tik tok, youtube or any other of the web based functions. I do some work with college kids and when I ask them what they do on weekends, they say that they are up till 4am watching videos, texting or playing video games.
I think nfl football thrives because of fantasy (first and foremost) and college football thrives because of the heavy tradition, tailgating, gambling drinking culture. As we know, regular season college football can be quite lame compared to CBB, due to the glaring disparity in D1 programs). But somehow it doesn't matter if the product is good. Being a good college basketball fan takes some work and attention. Football Fandom is so multifaceted, and easily consumable, it makes being a fan seem effortless. The perfect storm for our ADD culture (and I don't just mean teenagers)
I'm a huge baseball fan and have basically given up on trying to talk baseball to any "sports" fan, out of fear that they no longer follow the sport (which is usually the case). Baseball has been relegated to the regional or hard-core fan and I've come to accept that. I see college Bball maybe going the same way. The new world looks like it really only has room for football.