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Reply to "Sign or College......That Is The Question!!"

Hi!
Our son retired from MLB last year and has been using his scholarship money to return to school. His team provided 3 semesters for up to $5000 each semester in his original contract, which was what he needed to complete his degree back in 2002. Half of that was given to him in bonuses as he advanced through the minors. He ended up with 3 semesters for up to $2500 each in his account when he retired. Thankfully, he invested a significant amount of his signing bonus and still has those funds available for living expenses, mortgage, etc. as he pursues his new career.

My advise would be to negotiate a minimal amount in the scholarship fund with a higher bonus. Use a portion of the bonus to set up an accessible college investment account for future needs. I have a feeling that our son's club would not have given him less scholarship money for more bonus, but its worth asking about.
Last edited by TxMom
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