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.

In terms of my work with Nike, obviously signing Michael Jordan to a $500,000 contract in 1984 set a new precedent for the business side of the game.

What happens when you get hurt? Take that kid at Kentucky, Nerlens Noel, who could have turned pro after high school.Who knows what's going to happen? How the operation is going to go? The only thing I do know is that he would have been a top pick in the draft last year, and he'd have millions of dollars in the bank.

There's Brandon Jennings. The NBA told him to go to college for a year, and he said, "Screw that. I'll go to Europe and make a million bucks and then come back." And he's proven to be a pretty damn good player. He's done as much for the game as Michael [Jordan] by forging a different route.

NBA has a selfish rationale. It saves the owners money by delaying the time a player gets to a second, more lucrative contract. Even the player's union is on board. There are only 450 jobs in the NBA, and the one-and-done protects veterans' jobs.

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.

Now the kids are portrayed as dirty when they talk to an agent, a shoe guy, some hanger-on. Well, it's only natural that people are circling them - there are millions of dollars involved.