Kobe [Bryant] had the biggest contract for a high school kid. He was the first one to get more than a million a year.

Beginning in 1978, Nike paid coaches to put their shoes on the team.

It's not uncommon in the entertainment world for agents to sign young talent. It's sinful that these players can't be represented by lawyers and agents when they're in school. If a player wants to hire someone to seek his value - in any other walk of life, except where this farcical entity that is the NCAA is involved - having a lawyer or agent isn't illegal. It's just the NCAA imposing its own set of rules. It's selfish on their part.

I was starting out in the business, there was only one path to playing professionally - graduate, or go four years. With the creation of the ABA [American Basketball Association] in the early 1970s, the sanctity of having to go to college was broken. The ABA took anyone, starting with Spencer Haywood.

People will always go to games. And not just Duke versus North Carolina. Even Appalachian State against Chatworth.

LeBron james came, and he gets $10 million a year. There was no stigma or blemish, like you have with one-and-done. Now people say, "He's not a student, he's an athlete." Well, of course he's not a student! He's here for one year and he told you he's here for one year, and the school took him with open arms.

What would have happened if Derrick Rose had torn his knee in college, or Greg Oden? It would have cost them millions of dollars. They were lucky, coming out early. I'm not saying don't go to college. There are plenty of players like Shaq [O'Neal] who went back and graduated. I commend that. But do it at your leisure - don't hurt your finances.