Overtime Elite, which will feature up to 30 players ages 16 to 18 who will be paid a minimum salary of $100,000 along with bonuses and equity, is slated to begin in September 2021. If an Overtime Elite player doesn’t ultimately pursue a pro career, the league will pay them up to $100,000 towards college tuition. Overtime, which includes Durant, Carmelo Anthony and late NBA Commissioner David Stern among its investors, was founded in 2016.
So $100k salary to play, at a minimum and another $100k for college if the kids doesn't make the league... per player. Did anyone see where this money is going to come from? If kids make the league do have pay back the OE? Does OE get a percentage of the kid's salary? Something seems off about this.