League to Offer HS Basketball Players $150k to Skip College

League to Offer HS Basketball Players $150k to Skip College

On Wednesday, the NBA's development league, the G-League, announced plans to offer one-year, $125,000 contracts to select players 18 years old or older but aren't eligible for the National Basketball Association draft starting in the summer of 2019.

Currently, players must be 19 (or one year removed from high school) before entering the NBA Draft.

"Without these and other restrictions that link eligibility to compliance with amateurism, a G League player can sign with an agent and negotiate endorsement deals with shoe companies, vehicle dealerships and other third-parties", McCann wrote. Then the team at least benefits from making the most of the player at a G-League level.

Per NCAA rules, college players can not hire an agent, have sponsorships or make money off their name/likeness.

Why is the G League offering Select Contracts?

The NBA's G League will offer "Select Contracts" as a professional path to the NBA and an alternative to the one-and-done route taken by many elite basketball talents, according to a report in ESPN.

Usain Bolt turns down two-year contract with Valletta FC
Mariners coach Mike Mulvey, however, was reluctant to talk about Bolt on Thursday, insisting he was not involved in negotiations. Valletta chief executive Ghasston Slimen added: "We wish Usain Bolt all the best with his football career".

The NBA has made it clear that the idea of elite high school prospects going one-and-done in college isn't in the best interest of the young men. Per ESPN's Jonathan Givony, the league plans to hire a program director to oversee and further develop this professional path, while still planning to potentially lower its age limit so as to eliminate the one-and-done rule by 2022.

The league announced the move Thursday.

"Elite high school players with National Basketball Association prospects and no interest in a college degree should not be forced to attend college, often for less than a year", commission chair Condoleezza Rice told the Associated Press.

"We believe this is an answer to that call", Turner told ESPN.

"Select Contracts are an answer to the basketball community's call for additional development options for elite players before they are eligible for the NBA", said NBA G-League President Malcolm Turner in a press release.

"So when all these kids go to the G League and 93 percent, my guess, tea leaves, don't make it, what do we do with them?" Contracts are not available to players who have gone through an National Basketball Association draft, the league stated in its news release.

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