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.

The NCAA wants to control the images; they say they own your image forever. If you look through this façade, it's crazy.

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.

Very unfairly, there's a negative image of the kid, which really stems from the greed and selfishness of the NBA and NCAA. They're forcing these kids to go to school.

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.

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.

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