Take the money. I know a lot of people with a bachelors and masters that are begging for jobs. 3 mil can buy more then you can imagine Jo matter what city you are in if you manage it right. Sverige doesn't need a 3k sq ft house with 5 cars.2-3 mil doesn't go very far if you blow a knee or need tommy john. Not to mention living expenses in some baseball cities. If someone else is willing to pay for your education you let them. He should take a lesson from guys like Suh & Amukamara. Both could have been first rounders as juniors but elected to finish school. Get the education, and let whatever happens in sports happen. It's a pretty good life when a Bachelor's Degree is your backup plan.
2-3 million will get a bachelors degree at most all schools. If he breaks his leg in baseball then we can bring his money and get a college degree.2-3 mil doesn't go very far if you blow a knee or need tommy john. Not to mention living expenses in some baseball cities. If someone else is willing to pay for your education you let them. He should take a lesson from guys like Suh & Amukamara. Both could have been first rounders as juniors but elected to finish school. Get the education, and let whatever happens in sports happen. It's a pretty good life when a Bachelor's Degree is your backup plan.
Makes no sense to put more than 250k into a CD since FDIC will only insure that amount in case of bank failure, and the bank will not pay you jack sh#t for interest in the interim. CD's make no sense to invest in because they will pay you much less than stated inflation, and next to nothing compared to actual inflation when you take into account the Fed's money printing operation.yes, this is what he should do.Speaking as a teacher, take the money now. You can always go back to college if things dont work out but you cant always make 5 million dollars for signing your name on a paper.
Take 1 million of the bonus put it into a 3 month CD, roll it over ever 3 months while you are playing (and still getting your pay, remember we are just talkin about the bonus) then in 3-5 years if baseball doesnt work you still have that CD around with lots of cash. Not to mention the rest of your signing bonus (after taxes and agent fees) assuming you didnt spend it all.
Then, go to college.
Well I would not be to worried about the FDIC, I don't think the bank will get robbed and if it goes under there are bigger issues! ha ha
But yeah the CD might be a bad idea but I really don't know much about investments so I was just giving an example. I figured a short term CD could get about 3%???
try 1 1/2%.....there are much better places to put that kind of money to work, which are unavailable to the average petty investor.
2-3 million will get a bachelors degree at most all schools. If he breaks his leg in baseball then we can bring his money and get a college degree.2-3 mil doesn't go very far if you blow a knee or need tommy john. Not to mention living expenses in some baseball cities. If someone else is willing to pay for your education you let them. He should take a lesson from guys like Suh & Amukamara. Both could have been first rounders as juniors but elected to finish school. Get the education, and let whatever happens in sports happen. It's a pretty good life when a Bachelor's Degree is your backup plan.
2-3 mil doesn't go very far if you blow a knee or need tommy john. Not to mention living expenses in some baseball cities. If someone else is willing to pay for your education you let them. He should take a lesson from guys like Suh & Amukamara. Both could have been first rounders as juniors but elected to finish school. Get the education, and let whatever happens in sports happen. It's a pretty good life when a Bachelor's Degree is your backup plan.
I don't see why it would be a big deal...it's not like the training they do is going to hurt him in baseball, though i would doubt they would let him do any contact drills or anything like thatI may be wrong, but didnt Khiry Cooper come and go through summer workouts after being drafted by the Angels? They have until August to decide for sure what they are going to do officially. But if he is going to be drafted so high, he may choose early, who knows.
You realize you're exactly the kind of person all these articles mention that Bubba gets really peeved about, speaking for him?Wake up. No chance
If you're smart, you can use 2-3 mil to go the rest of your life.2-3 mil doesn't go very far if you blow a knee or need tommy john. Not to mention living expenses in some baseball cities. If someone else is willing to pay for your education you let them. He should take a lesson from guys like Suh & Amukamara. Both could have been first rounders as juniors but elected to finish school. Get the education, and let whatever happens in sports happen. It's a pretty good life when a Bachelor's Degree is your backup plan.
Good. I hope he uses it as motivation to prove BIG ERN wrong.You realize you're exactly the kind of person all these articles mention that Bubba gets really peeved about, speaking for him?Wake up. No chance
No, it is not. The ONLY smart decision is to take the multi-million dollar contract with possible 7 figure signing bonus.The smart decision is school.
If he does go the baseball route, he'd better not get drafted by any NY, Philly, or Boston team...[You realize you're exactly the kind of person all these articles mention that Bubba gets really peeved about, speaking for him?