The NBA rookie minimum salary is about $1.1 million. So, if Rod’s good enough to go to the NBA, he should go. Even after taxes, that’s plenty to pay for a college education if he only lasts one year.
There are around 24,000 high schools, 350 D1 schools and 30 NBA teams, so the percentage of high school students that go to D1 should be around 1.5% (350/24,000) and the number of D1 students that go to the NBA should be around 8.6% (30/350). Probably some adjustments I’m not making for average team size and average length of NBA career, but ballpark.
Figure 360,000 high school basketball players in any given year (15 times 24,000), and there should be around 90,000 high school seniors. (Maybe fewer…teams may skew a little young). 90,000 times 1.5% = 1350 new D1 players/year, and also 1350 who graduate/leave a year, more or less.
1350 * 8.6% = 116 new NBA players/year, which seems a little high…maybe the NBA career is longer than the D1 career. The other way to figure this is that the two-round draft brings in 60 a year, and then there are free agents.
So figure maybe 90 new people make it every year – mostly not superstars, just JAGs, a lot of whom will only be in for one year and most people won’t ever hear of them.
90/90,000 = 0.1% chance of any given senior making it. 1 in 1000. 1 player for every 66 high school teams, more or less.
I won’t make a second donation to any organization that asks for one more than once a year, or if they sell my address. To discover the latter, I use slightly different typos in my name when making the first donation.
The NBA rookie minimum salary is about $1.1 million. So, if Rod’s good enough to go to the NBA, he should go. Even after taxes, that’s plenty to pay for a college education if he only lasts one year.