RJM posted:I figure if you’re offered seven figures and turn it down you’re too stupid to go to college. Seven figures at eighteen is a nice head start on life. You can always head for college if baseball doesn’t work out.
LOL but what about the college experience....actually I think 2m is more what I would advise my son if...the if isn't going to happen - but if he got drafted. I hate to minimize 1m but it really doesn't go as far people think and becomes 500k at best by the time you get it. I do agree that anything between 1m and 2m would need to be discussed and anything under 1m would probably be dismissed. That does assume he is a student, doesn't hate school and has some kind of realistic fallback plan if baseball doesn't work out.
if you have no plan and hate school take the money but you had better be smart with it or you will be digging ditches and coaching the XYZ Elite B or C team on weekends.