FYI, Uncle Sam takes 25% off the top, not for the very small bonuses paid out. Most of the larger bonuses are paid out in 2 payments, one after the draft and another in March. So a million payout is 500k, less 12.5% regardless of what tax bracket you will fall in. Then there is the agents fee, a good guy will split his fee in two payments. And then there are your state taxes.
The MLB scholarship fund isn't what most think it is. Whatever you have negotiated, gets reduced each time you move up a level for no less than 90 days. And then, believe it or not, you pay taxes on that scholarship money, which earns no interest.
I have been to this rodeo, so lets say a milllion after taxes, etc. becomes 700k which is a nice chunk of change. But I wouldnt let my son who is headed off to a college world series contender spend his time in the lower levels of milb. Ever.
JMO