quote:
Originally posted by RJM:
First let's assume a kid is college material. A poor student probably shouldn't attempt going through the pain of college. But assuming a kid is college material I say the bonus should be life altering money to sign.
Life altering can have different definitions for different people. A kid from our high school passed up PAC 10 ball to sign for 150K. His mother left him with his grandmother as a small child. His grandmother was broke. He felt he owed her something and signed. The kid went into short season as a skinny seventeen year old. After three years of short season he was released. He spent the next three years trying to get signed by playing Indy ball.
In another case I know of a local kid (where I live now) who passed on 2.5M to play college ball. I don't think anyone in his family broke down the math. 2.5M equals 100K for 25 years. The purpose of college is to get yourself prepared to earn a living. The signing bonus would have set him up financially and got him started three years ahead of time in short season. The kid (a RHP throwing 92) is about 6'3", 200. It's not like he needed time to fill out. His father told him to hold out for 3.5M.
If a kid is figuring his odds I read last year 84% of MLB'ers were drafted in the first ten rounds. 94% were drafted in the first twenty rounds.
At the least the kid should be signing for enough to cover four years of college at some point, without worrying about the MLB scholarship fund timing out on him.
RJM,
There have been a lot of players that have turned down life changing money to attend school. For many it was not about the money, obviously. Many of them signed for much more after college. I sincerely beleive that for those that have early round talent, never lose it, though both you and I know that what has the most affect on this is a major injury, which can occur anywhere, at any time.
I agree that life changing money is different for everyone, as I agree that one can make a decent living playing in milb, either on the 40 man roster getting called up for a few weeks or more, or as a milb free agent (which occurs after 6 years in milb when your original contract expires). That is if the player has been able to remain in the game that long, either by being released and not able to get back in or hanging up the cleats. Most players prefer to do it on their terms, I fully understand why.
One very important thing to keep in mind, be very familiar with the MLB scholarship plan. The money placed in the plan by the drafting team, does not accumulate interest (for the player). When son was given money to cover his final year, tuition was 13K less than it is now for a semester (what he has left). Also understand that for each level that the player moves up, after 90 days, some money is taken back, if I recall a grand a level. So you never really get back what they originally placed in the plan for you.
So if a player signs for 150K out of HS, unless he can save, the scholarship plan will not necessarily cover (change that to probably won't) his expenses to get a 4 year degree if he plans on attending a 4 year program on a college campus.
I am not sure what is meant by a poor student, poor grades or poor in wealth? Most coaches that really want talented players that can't afford their tuition, get larger athletic scholarships, or in some cases the player can attend a JUCO which in some states very affordable. He also can get a year to mature and get better.
I strongly suggest that within the next few years, when scouts come to see your sons play, that you fully understand what pro baseball is all about. For most of your kids who have had a very comfortable life, parents who may be able to supplement if the bonus cannot sustain the player, or a wife that is able to support the player as well, you will understand why the lower levels (lower picks with less talent than higher draft picks) of milb are mostly filled with latin players.
Many years ago on our recruiting trip to Clemson we were told a story, has stuck with me for many years. Without revealing a name, they signed a player that was drafted out of HS and turned down 500K which was a lot of money back then (before 2000). The player came from a poor family, by our standards. This to him and his family was life changing money. He was encouraged to sign. However, he was the first in his immediate family as well as extended, to have the opportunity to attend college, he chose that option, that was much more important to him than 500K and most likely reaching ML.
Again, keep in mind that the decision means different things to different people, and once made, never should be regretted, even when looking back in the rear view mirror. FWIW, getting opinions from guys in the office that probably passed up milb because they were very late picks isn;t necessarily getting good information. JMO.
And also keep in mind that those that have options also have better opportunities, that is why it is so important to do well in the classroom and have that possible college scholarship available for using to your advantage.
FWIW, my son would have signed for 2.5 out of HS as I am sure most of our players would have been advised to do.