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[QUOTE="Red Holzman, post: 5749784, member: 7255"]
So let's assume Folefac hits the jackpot and averages $1M the next 3yrs.
$3M gross, filing single tax rate is approx 50% = $1.5M.
Then pay his agent, say 10% = $1.35M net income for his 3 college years.
Still good -but at age 22 not "set for life" by a long shot, especially if a lot of the $ goes to his family.  
Maybe playing 5yrs overseas adds another $1M -still need to seek employment at age 27 after done hooping IMO.
Folefac's major is kinesiology.

Just using Folefac as an example-
Wonder how many of these kids seriously consider how well each suitor's academic program aligns with the degree they are pursuing, and how their major and chosen school will prepare them for a rewarding career.
Also wonder how many agents have their best interests in mind by bringing this topic into the discussion vs only "$$$".

10-15 years from now, would be interesting to see research/stats on how these teenage NIL millionaires are doing -most will be well beyond playing hoops and experiencing reality by then.
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