Stop, you're too smart to use that argument. They are #2 and #3 RIGHT NOW, against everyone's expectations. In the last 10 years, how much time have either of those school spent in the top 10?
There are always going to be small schools that catch lightning in a bottle and make a run at the brass ring, and they will do it regardless of the fact that they AREN'T getting the same athletes as the big schools. The pay isn't going to change that.
Additionally, it isn't like the big schools are going to get a tons of extra schollies to use on those superlative HS players. Each team is still going to have a set amount of players they can take on. The athletes that don't get on with a big school will go to the smaller schools, and play with an even bigger chip on their shoulder.
What it WILL eliminate (or at least lessen) is the importance of signing day. If a bigger school comes knocking on your door, you are not going to dick around taking trips to little schools for fear of losing that bigger check. Conversely, If OSU offers a kid a schollie, and he doesn't respond with some alacrity, they will pull it and offer it to someone else who is more interested. Coaches are going to have to get even better at recruiting real talent, and kids that don't perform after years 1 and 2 are going to find themselves on the outs.