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Interesting Recruiting Dilemma

I would appreciate any input on our particular situation, as follows:

Our son is a highly ranked 2009 player at a private D1 high school who played against and in the same league as a 2008 first round draft pick last season. He is being heavily recruited by the top D1 universities in our area.

Although he isn't ranked in the top 100 in the nation (yet, although he could move up), sources tell us he is known by all the pro teams and we have been getting a lot of pro team interest via letters, applications, scouts, phone calls, etc. This started when he was a freshman but has picked up more lately, for obvious reasons. It's pretty exciting to get letters in the mail from the pros asking but I don't know how much that really means.

We could choose to have him sign with a great local state college, where he could live at home and save money. Or we could sign him up with a prestigious $30,000/year well known college with a half or 3/4 scholarship and have to come up with the rest of the money (which could be a little tight).

Question is, if the pros are that interested in him, should we sign with a more exclusive college, knowing that he might go higher in the draft even though we'd get stuck with a big bill if he does go to that school, or sign with the affordable college? Our son likes them all and would be happy to play for any of them. The more affordable college might be easier, but the more prestigious college comes with its own particular rewards.

By all estimations, he is ready to begin AA ball right now and work his way up. Still, a college education is a great experience and will make him an even better player, we hope (but would it be better than AA ball?)

We are being pressured to sign an LOI now but I don't feel that that is in his best interests. It seems better to wait for the NLOI in November.

Any thoughts on this would be greatly appreciated. And yes, we feel very blessed and honored to be in this position. As you all know, it came about as the result of a lot of hard work, commitment, and research. And we would not have done it if our son wasn't obviously gifted early on and been cooperative and coachable.

Thanks for any thoughts on this matter. These are big decisions to make coming up soon.
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