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This. And there is insurance that can be purchased that would protect him from a major injury that stopped him from getting cash.
If your family is living day to day, you have to take the money the moment is offered. If your family is fine waiting a year, and you’re not worried about shrinking, the money will be there for him (whatever money there is for a player of his type) when he wants it. He will have a choice to make at the end of the season, and certainly taking the money when it’s there is the usual choice, but in this case I wouldn’t be shocked if he gave UConn a second year.
The kind of insurance you're talking about doesn't come close to NBA money. I don't know much about it, but my friend played at FSU and then in the NFL for 6 years and his impression was that the money was better than nothing, but an injury would still have screwed his career up.