- Jul 16, 2005
- 14,857
- 13,013
Furthermore, lets then ASSUME that he doesnt want to finish his degree because he distanced himself from schooling, he has $1 million (potentially), to get by with for a few years while he finds a trade or industry that does not require a college degree.
But if he invests that $1m he is still way ahead of everyone else at his similar age. Even if he's got to go to work at Walmart. He will be a multi-multi-millionaire by age 40 or 50, if he invest wisely.
If he blows out his knee by returning to school and never makes the NHL, he's back on par with every other working stiff... for a kid that already doesn't prefer schooling.
Basically, absent making absolutely horrendous financial decisions (not returning to school and not investing the money), the choice with the worst downside if all goes bad is definitely the one where he never gets the million dollars to begin with.
I'd rank it like this, from best to worst outcomes.
1) Goes to NHL early, NHL career a success, he makes millions, never needs to work again, degree is irrelevant.
2) Stays in School, gets degree as a fallback, but NHL career a success, he makes millions, never needs to work again (this could be flipped with 1, if you want).
3) Goes to NHL early, NHL career washes out, needs to return to school and fall back on degree and investments.
4) Stays in School, his NHL career fails to materialize, needs to get a job after school like everyone else and has no nest egg. <-- this is the worst outcome
If we are assuming that he isn't gonna properly spend that million dollars (ie, that he's gonna blow through the money, not return the school, and not invest it), yes, that is a much worse outcome than #3, but I could also "assume the worst" where he just decides he never wants to work drops out of school anyway, to enhance the worst-case scenario risk of any of these situations.
The key is, if he's gonna work hard and make smart decisions in his life, these are the four realistic outcomes. And the one where he stays in school but does not make it to the NHL is definitely the worst.
But since you brought up these wonderful opportunities of the NHL “fraternity”, why dont you list them. This must be easy for you to do if they are so plentiful and the occurrence that former NHLers land jobs within this “fraternity” so often. And not just any NHLers like Brad Richards, but how about young kids who maybe shuffled around a bit for 3-6 years and never made a name for themselves within the NHL. Because you just saying that without providing examples is really just conjecture.
I think you are misunderstanding what some are saying regarding the opportunities for athletes.
Again, I posted before, I don't think it means that every player who doesn't work out is gonna end up working for the Rangers.
What it means is, if they are serious and hard working, they will make connections in their time with the Rangers that they will be able to parlay into other arenas, well easier than someone like you or me who has no such connections. The Rangers can put him in contact with any business in the city with a glowing letter of recommendation and probably a personal connection. That goes a long way.... again, if you are motivated to take advantage of it.
My argument from the beginning is to finish his education while playing. My opinion*, is it would be the wise thing to do. Not everyone is Mike Richter who will be extremely motivated to go back to school after their career ends, and at Yale especially. And this is a guy who could have been afforded really any position within the NHL “fraternity”
Yeah, I see what you mean, but it's just .... the opportunity to get the money potentially goes away. The opportunity to get the education does not go away.
If you want to do well in this life, you will always be able to go back for school. If you don't have any interest in education and going back to school should your hockey career fail... well, that's even more reason to pour yourself into hockey, frankly.
I'd never fault someone for taking the money... especially if they do so with a mind to put away $100k for their education should they need it, and invest a good amount as well. If that is your mindset, there is really absolutely no risk to postponing your education.