Set for life...
There is no doubt that a guy that plays pro ball will earn millions. But, a kid can be "set for life" with a lot less than millions.
The average American worker will earn less than $3 million over a lifetime. I presume it's possible for a college player to buy an insurance policy that protects him if he sustains an injury that prevents him from playing professionally.
So, if a kid or someone on his behalf (allowed by the NCAA) were to buy a one year policy with a $2 million pay out, let's say, leaving college with a degree and $2 million in cash, that wouldn't sound too bad to most people.
It wouldn't be the millions the NBA offers; but a $2-3 million nest egg at age 22 along with a degree ain't bad.
Now who out there knows all about insurance against injury? There are such policies....musicians and other performers have them. Insurance companies have all the data needed re probability of injury in order to determine the one year premium.
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