The educational experience in college is not limited to only the in class education. This is sad for the student-athletes and completely changes the expectations established by the school that the students relied upon when they chose to go Seton Hall. That in itself is a harsh injury.
Also, as the article points out, many of them went to Seton to train under a legendary coach with special skills not easily found anywhere else. It is not satisfactory to simply say "well they can go somewhere else if they don't like it." They won't have the opportunity to be coached by Moon and as any athlete knows, sometimes it really does matter to the quality of your experience who your coach is.
Also, trying to compare this to the extreme of children dying or belittling it in a dismissive manner demonstrates such a lack of empathy that it makes me wonder if you were ever a serious collegiate track athlete yourself. And if you weren't, then you simply lack the experience to comment intelligently on the topic.
To lose the support of the school that you are proud to represent and work so hard to win for is not just something to write off or to trash because it is inconvenient to maintain.
At the same time resources and better budgeting are required to make a program sustainable. There is no need for it to cost a million dollars a year. But, I feel like the administration definitely did something wrong here by not at least giving the coach a heads-up that his programs were in danger. Frankly it doesn't pass the smell test.