Now this makes a lot more sense. I was completely baffled by why he was ever projected second round. His only knock was shooting, and they've never cared about that. In the end, the conventional wisdom rose to the top, and he went lottery - exactly where he should have gone.
Even better, he clearly made the right decision. He now has locked up 4.4 million dollars absolutely, unequivocally, cut his leg off tomorrow guaranteed. The third year is almost always picked up, so he most likely will grab another 2.8 million his third year. If they don't extend him then and do his 4th year option, then tack on another 4.2 and by then you'll probably know for sure if you're a career backup or a big contract guy. That's 11.4 million before we are really talking about the big money.
FYI, contracts are almost always done at 120% of the rookie scale, so add 20% to these numbers. So the real figures will be 2.4/2.9/3.4/5.1 = 13.3, but I'm going on the absolute lowest he could get.
If he's even halfway smart with the money, he can throw a large chunk (say after taxes he nets 2 million in real cash). Throw 250,000 into a mutual fund that pays roughly 5% and park it. Ten years later you have $407,000. Even if he's done with the NBA but that point, that is not a bad nest egg to start the rest of your life at 30. He can now easily take care of him mom and family.
Everyone knows you can invest better than that, but when we get into terms of millions, our brains shut off. We don't feel those numbers. They're abstract. But our brains can comprehend making $407,000. We can imagine it. We can see it. And that's a tiny fraction of what he'll earn in salary and endorsements.
Do you see why these kids go now?