NCAA women's basketball is a joke because of its competitive landscape (or lack thereof), independent of any conversation on whether or not the sport makes money or whether they should get paid. If women's basketball made money hand over fist, it'd still be a joke. You can be impressed with a program like UConn and conclude that they are really good, but to hold up their winning streak, their overall record over the last several years, or streak of championships as if it is equal to such a streak occurring in a more competitive sport is just ludicrous.
Alabama has an impressive run of titles in football too, but they at least have competitors and occasionally get outplayed and lose games. UConn, meanwhile, has gone 188-3 the last 5 seasons, with two of those losses being deep in the tournament, and they haven't lost a conference game in over 5 seasons. Hell, Alabama has lost more games than UConn has the last 5 years, and they are playing 13 to 15 games a year instead of 37 to 40!
NCAA baseball (or softball, so it doesn't look like I'm picking on women's sports) is a legitimate sport because it is actually competitive, with lots of good players playing at a lot of good programs.