The Teenagers Getting Six Figures to Leave Their High Schools for Basketball

Re:The Teenagers Getting Six Figures to Leave Their High Sch... by hooloovoo_zoo on Tuesday November 30, 2021 @10:15PM (#29400259)

Unless they get injured in which case they make 0.

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Re:The Teenagers Getting Six Figures to Leave Their High Sch... by thelock85 on Tuesday November 30, 2021 @10:28PM (#29400337)

It’s not difficult to get a 7-figure loss-of-value insurance policy at this level of talent.

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Re:The Teenagers Getting Six Figures to Leave Their High Sch... by hooloovoo_zoo on Tuesday November 30, 2021 @10:47PM (#29400440)

Let's say every one of these players is in the top 100 high school prospects (which I doubt). Less than 1/3 of them will even make it to the NBA, let alone make big money there (source https://pudding.cool/2019/03/hype/). Why would anyone insure them?

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Re:The Teenagers Getting Six Figures to Leave Their High Sch... by thelock85 on Wednesday December 01, 2021 @11:08AM (#29405192)

I don’t follow those assumptions.

There are only 36 roster spots currently in the Overtime Elite league the article references. They are almost certainly all Top 50/100 prospects who can leverage recruitment from the likes of Duke, Kansas and Kentucky to get a call from Overtime.

The Ignite team in NBA G League is more exclusive with the latest player signing a 2-year $1M deal.

AFAIK only one of 4 HS players to-date from the Ignite team went undrafted after playing.

Nonetheless odds of being drafted should affect premium and payout, not decision to insure. People get all kinds of novel stuff insured all the time.

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