I'm pretty damn sure. I could be wrong, but I think this IS how it works.
Because I've had a season where I allotted a certain percent one year and had X amount of recruiting points, then lowered the percent a good bit the next year and had a considerably higher point allotment. And the results of the seasons were not that different.
This may be true, HOWEVER, I know for a fact that changing the recruiting % changes the ammount of week one points. save and reload at the start of an offseason and see for yourself. So the recruting % may play a role in a factor of things.