I guess I didn't convey my point strongly enough. I was arguing that NONE of these kids are getting that kind of money that is being thrown out on the internet. I have the honor of knowing many of these kids and their parents. I am sure they would love to see the type of money that is 2x , 3x even 4x what they earn per year. I just don't buy it.
BUT....
Here is where the math does work out, at least for me on a $300k "bag of money" - a kid gets full out of state tuition, which at some schools is easily $60k/year. Then housing and meals - housing $15k-$20K/year, meals $6k to $10k/year. So far that is $90k/year. Then a local car dealership offers the athlete a high end pick up truck to drive around for the year - loaded Ford Raptor or similar $112k. Now we are at just over $200k a year. Add some stipend in exchange for work or representation, and you can package that as a huge offer, but in reality, these kids don't add much to their pockets. Don't get me wrong, that is HUGE value they are receiving as athletes, but they are not getting a $300k check to deposit into their bank accounts.