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The big risk to the college game is really that the G-league becomes a revenue-positive source for the NBA. They start with 10 kids and a $5m payroll bump. After a year or two, NBA will decide that they should have two tiers - 10 $1m spots and 10 $500k spots. Kids refocus their goals from Duke or Kentucky to "G-league roster spot".
The big risk isn't 10 $1m spots, it's 200 $50k spots. If the top 200 high school players skip college to start in the pros every year -- and why wouldn't they if they get year-round professional coaching from NBA staffs? -- then the quality of college ball goes way down.
I doubt even Jim Calhoun could generate a lot of fan excitement with a starting 5 of Craig Austrie, Terence Samuel, Brendan Adams, Charles Okwandu, Tyler Olander. Most of whom were top 200 recruits. That's what the best college teams might start looking like.