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Reply to "MLB vs College - Crunching the Numbers"

I think two big factors are position and where in the draft you go.  If you are a late 1st round pitcher you are north of $1.6MM bonus and you are betting that you can be a top 30 pick 3 years latter.  That means no arm issues, no drop off in performance (drop from 94 to 91) and not having better talent out there the year are eligible again.

 

That is a lot of ifs so should you come out three years later and fall to a mid 3rd round pick (50-60) draft positions you just cost yourself +/- $1mm dollars.  Come out of college at 23 and earn $50k and you are staring at 20 years to make the same money in near absolute terms.  And that assumes you can find a $50k job.  Make it 35K and you are at 30 years to make you 1st million that you could have had in your pocket the whole time.

 

Take the cash...set aside $150k for school give and invest a bunch and give it a 5 year run.  If it doesn't work out you can go back to college and have plenty of money as a 23-24 year old guy that should not have a lot of money pressure. 

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