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Started By
Message
re: NBA Fan makes 20K half-court shot, now has to give up money or lose eligibility
Posted on 11/28/13 at 11:26 am to 7thWardTiger
Posted on 11/28/13 at 11:26 am to 7thWardTiger
quote:
dude has less than 1% chance of ever making the pros
i never said he had a chance of making the pros. maybe the dude just really enjoys playing basketball and his teammates and where he goes to school and his coach…a number of things that could make his experience worth far more than 20k.
0
Posted on 11/28/13 at 11:26 am to JG77056
what's going on with this thread?
Posted on 11/28/13 at 11:29 am to 7thWardTiger
quote:
NAIA school, dude has less than 1% chance of ever making the pros. Take money, leave next semester, transfer to D2 or D3, finish career, and have 20k in pocket
If you play poker than you should tell him to continue playing by pot odds.
Let's assume he only ever makes the average NBA salary for one year if he ever makes it to the NBA.
Average NBA salary: $5.15 million
Odds are 1 percent he makes that. So 5,150,000 X .01= $51,500
That means he should only give up basketball for an amount in excess of $51,500.
On the opposite end, the chances that he makes the NBA that he needs to keep the money are= $5,150,000/$20,000= 257.5 or 100/257.5-
.38% chance.
So if he has less than a .38% chance of making the NBA then he should keep the money.
As everyone can tell, I enjoy avoiding my family on Thanksgiving.
Posted on 11/28/13 at 11:36 am to Stacked
My problem is what pencil pusher, sitting at his desk, even remotely considered notifying the guy he couldnt keep the money?
Just file it under, hmmm, "who would have thought that would ever happen?"
Just file it under, hmmm, "who would have thought that would ever happen?"
Posted on 11/28/13 at 11:41 am to Kcoyote
quote:
So if he has less than a .38% chance of making the NBA then he should keep the money.
Ok so he should keep the money
Posted on 11/28/13 at 11:45 am to Stacked
that's wrong.
it's no different than winning the lottery or going to a fair and winning a prize
it's no different than winning the lottery or going to a fair and winning a prize
Posted on 11/28/13 at 11:50 am to Brettesaurus Rex
quote:
It's not like someone paid him because he's a basketball player. He went out on his own and competed in a contest and won?
I think he has a case to keep the money and his eligibility. He's not being paid to play basketball; hopefully a good tax attorney will lend a hand and make the case for him.
Posted on 11/28/13 at 11:55 am to arrakis
It's a contest for being a fan of a professional team in which he was selected and won just as any other fan of that team could have.
Just isn't right at all to strip him of that.
Just isn't right at all to strip him of that.
Posted on 11/28/13 at 2:01 pm to SouljaBreauxTellEm
Stupid rule but I would easily give up the $20k. It's not that much money in the grand scheme of things.
Posted on 11/28/13 at 2:44 pm to Stacked
NAIA 
Posted on 11/28/13 at 5:53 pm to Stacked
Did Jackie Moon put on that halfcourt shot contest?
Posted on 11/28/13 at 6:02 pm to medtiger
quote:
It's not that he won money in a contest, it's that he won money in a contest playing basketball. If he was a football or baseball player, this wouldn't be an issue.
No
He didn't get paid to compete in an organized game. He made a half court shot during a halftime show and won the prize. So if a college quarterback wins a $10 prize at the football toss booth at the fair and he can't keep it?
This post was edited on 11/28/13 at 6:04 pm
Posted on 11/28/13 at 6:03 pm to Chasin The Tiger
quote:To play NAIA basketball? There are pick up games at the Y that are higher quality.
Stupid rule but I would easily give up the $20k. It's not that much money in the grand scheme of things.
Posted on 11/28/13 at 6:06 pm to jturn17
It is not the quality of the games. It is being on a team and sharing the experiences of a lifetime with close friends. The times in the locker room, bus rides, and bonding together are easily worth more than $20,000, and I can say that firsthand.
Posted on 11/28/13 at 6:08 pm to jturn17
Would his partial scholorship over the next 3 years be worth more than $20k?
That would be big in my decision making
That would be big in my decision making
Posted on 11/28/13 at 7:42 pm to jturn17
quote:we all value things differently.
To play NAIA basketball? There are pick up games at the Y that are higher quality.
This seems like an odd place to take a stand and tell a guy where he should place has values.
Posted on 11/28/13 at 9:23 pm to shel311
If the kid loves college ball then he should keep playing. If he can live without it then he should take the 20k (end up keeping almost every penny unless he already has a full time job) and find a basketball league nearby where he can play games just as competitive as NAIA.
Posted on 11/28/13 at 9:59 pm to 7thWardTiger
quote:
NAIA school, dude has less than 1% chance of ever making the pros. Take money, leave next semester, transfer to D2 or D3, finish career, and have 20k in pocket
I don't believe that is a possibility. If he looses his amateur status, then he would be ineligible in DII or DIII as well.
I agree about weighing his scholarship appropriately. Hell he could be giving up over $20,000 in scholarship funds, which obviously would not make sense.
Posted on 11/28/13 at 10:10 pm to engvol
Not sure how much his scholarship is worth, but full-time tuition for Southwestern College is $23,736 per year. The rule is dumb, but if accepting the money means he forgoes his scholarship, it probably doesn't make sense financially. Not sure how much his partial scholarship is worth though. LINK
Posted on 11/30/13 at 12:51 pm to Stacked
If he's not going to play in the NBA, take the money, finish college, and be the balla on campus for 2 more years.
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