My apologies on that, I interpreted it as being a mistake...That is one risk that should be applauded no matter what the cost to him.
He has a fall back career heaven forbid he can't play anymore, that's a hell of a lot more than most of the guys drafted have. He should be commended for doing the right thing in going with his education over quick cash.
"Set up for life" is a stretch, he still has to earn his money or else he gets cut like every other flop. That signing bonus that he gets will be gone fast and if he can't play anymore he has something that he can use to have a life outside of football unlike many others.
No, he doesn't. Even if he gets cut the first year, he will pocket roughly $1.5M. $1.5M put into bonds/investments with a 5% return will give him $75K a year for the rest of his life in interest alone. Thats set up for life.
He risked being set up for life to go back to school for a year. While it is noble, its incredibly Foolish from a risk/reward standpoint. If he bombs out of football, he can take a year off living off his ridiculous savings, and finish the degree.
FYI: Donny Avery was pick 2.2 last year. He signed a 4.8M contract with $2.75M guaranteed, so the money is even higher than we're talking. The average american will barely make 2.75M in their lifetime.
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