Jerry on Princeton - No transfers in, no transfers out
- Thread starter Halldan
- Start date
Except their best player decided to sit out last year so he could graduate and use his eligibility left at Purdue this year.
Being a basketball player on scholarship at Harvard really guarantees a good job? I find that hard to believe. These are athletes, not regular kids who got in based solely on academic merit. How many of them even take up meaningful degree programs? Gender studies etc doesn't count.
Out of curiosity though, I wonder what Aiken is doing with his degree these days.
Out of curiosity though, I wonder what Aiken is doing with his degree these days.
Kids don't go to the IVY schools for NIL money plain and simple. At least most of them go to get a degree and it should be like that everywhere. There in lies the problem and the evil that has taken over college sports.
Thanks I had no idea Ivy's don't give athletic scholarship and that they opted out of NIL.
Because one year of playing basketball at a high major is immediate life changing money. Whereas a degree's benefit is largely contingent on your own future personal productivity year in and year out.
Give me Najai Hines' single year at Uconn and I could support my family for generations. Invest that 4.5 million in ETFs, partial growth, partial income, and you are good to go from then on as long as you have half a brain on lifestyle choices.
Take 3 million of it and put it into QQQI, you'll pretty safety generate around $36,000 per month of tax efficient income and never lift a finger again for anything. And thats just one year while you're still probably a teenager. Park the rest in VOO or SPYM and let it grow forever.
Yea i know before someone says it, "Charles Schwab ova here."
Good stuff but after taxes and expenses, he'll be netting around $2.25 million. Your premise still holds.
If you’re enrolled in Princeton, you likely have a pretty good head on your shoulders and a career defining network, before you graduate.
Hines really isn’t a good comparison as an Ivy transfer is likely fetching much less. Kareem Thomas, for example is in the 750k-1M range. After his handlers take and taxes, it’s a nice check but not life changing.
Hines really isn’t a good comparison as an Ivy transfer is likely fetching much less. Kareem Thomas, for example is in the 750k-1M range. After his handlers take and taxes, it’s a nice check but not life changing.
That’s like 40 grand John, you gotta be kidding me
I'm not sure though if the basketball players who have the talent to transfer up and even play pro-ball after college really are desiring to work in an office for the next 40 years with that degree.
Basketball is their career. If I could make 3 million in 3 years and then have a pro future ahead of me, I think I'm still taking that route. The degree would have been a whole lot more attractive before NIL.
Any sport other than basketball I'd agree.
Am I smiling?
You gotta lotta balls kid, I'll give you that.
You'll give me what I say. And I'm not a kid anymore!!!
Relax - it's an expression.
My friend works in finance with Tarik Turner. He was SJU's PG during the Mahoney/Fran years with Felipe and Zendon. I don't know if he ever played professionally abroad -- he certainly wasn't an NBA prospect -- but he would have gotten paid as a 4-year high major college PG in this era (likely not huge, but not nothing either). Anyway apparently he did finance-related internships in college -- like Mike Nzei -- and then landed at a firm once he stopped playing. My friend tells me he is definitely more of a "relationship guy" than a down-in-the-dirt finance guy, but he's in the office most days with the rest of them. Think he gets breaks when he has his announcing gig, as he still does Big East games as the analyst of a two-man crew.
Agree if they have the talent to transfer up with a legitimate shot in the NBA, but that would probably be an exception. The article is about Princeton and lack of transfers, which you could understand how the Ivy degree has a lot of stickiness than any other school. As mentioned earlier, most of the Ivy transfers that there are occur as fifth year players that already have their degree.
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