Whoa; league launched for 16-18 year olds, pays "at least 100K a year" + medical
" Overtime announced on Thursday that it plans to start a basketball league for 16-to-18-year-olds allowing them to earn at least $100,000 per year.
The Overtime Elite league will let players bypass traditional high school and collegiate levels while building their brand before becoming eligible for the NBA. It will start in September with 30 players, and will be based in a single location, which is still under discussion."
Financial support from venture capital $ plus from Kevin Durrant, Carmelo Anthony,.
"Porter said he spent two years speaking with families of top athletes to seek input about OTE. He said the families expressed disapproval of the current path to the pros, where prominent colleges make millions off talent in exchange for a free education. OTE says it will provide top education, residences and training and will offer advanced analytics of players’ performance to help them improve. But the big advantage is that OTE will give players the right to capitalize on their brands while getting paid to participate."
Honestly I'd be very interested to see this, not because I think it would compete with BYU for prospects, but primarily because I think college basketball at big time schools is often just so dirty, is disguised as education, etc. If this league takes off and elite players go there versus going to college I can see some positives.