Its not absurd or a no brainer at all when one actually considers the facts. Jerami's choice wasn't between $850K versus $50K entry level job out of college. It was $850K versus whatever he might have garnered by spending an additional year improving his draft position.
No, $850K isn't chump change. And there is value to getting said $850K this year instead of waiting until next season to start cashing a paycheck. But there is opportunity cost as well--namely, if he improved his draft stock to where he got more than $1.7M in salary, then he's left money on the table by leaving last year. And while those numbers might balance out after two years, he'd blow away the equivalency in year 3.
Do the math.
Year 1 salary 850K + year 2 salary 850K + Year 3 salary 850K = 2.55M
Year 2 salary 1.7M + Year 3 salary 1.7M =3.4M
In other words, an opportunity cost of one million dollars. How's that "no brainer" work out now?
And that's just if he "only" earns $1.7M per his draft position pre-slotted salary [
http://basketball.realgm.com/nba/info/rookie_scale]. Now, that would be the equivalent of the #13 draft spot, but also keep in mind that many media projections had him slotted in the lottery [including ESPN], until he started working out for teams and demonstrating that he couldn't shoot in private workouts. He might actually be drafted higher [earning an even higher amount of $$$] or lower, depending on how good of a year he has and how much of an expanded skill set his play would have demonstrated. But even if he dropped all the way to the end of the first round, he'd still eclipse what he'd earn under his current contract by year 3.
And that assumes that he gets a year 3, as his current contract is only for two years. Far from a no-brainer. He got bad intel, but fortunately for him the outcome ended up being best case scenario vis a vis him landing with the Sixers. That point can't be emphasized enough. Grant got very, very lucky.