Would you support your adult children for doing this?

[Anonymous]

I don't know how the PP could spin that its not an obscene level of entitlement, but if OP can comfortably afford it, then go for it

[Anonymous]

Anonymous wrote:Nope! By the end of 4 years at a D1 School, you have an idea if they have a shot. You yourself said, no he doesn't. He's had K-12 and 4 years at college to enjoy his sport. now is the time to find a job, play the sport in your free time/coach younger kids, but there is absolutely no reason to pay $80K+ per year to let a kid "continue to play sports in their 20s".

I have two division 1 athletes and I agree.

[Anonymous]

Certainly not.

[Anonymous]

I would let him do it.

[Anonymous]

You realize you will be subsidizing your son's entire adult life right? You may have enough for 3 years of play, but can you support him on your retirement fund? Bc I guarantee he'll be looking to you to supplement his 95k income, his wedding, his wife's desire to be a SAHM, grandkids' private school education, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some of you guys really resent and hate your kids.

This ‘kid’ is asking his parents to support his hobby from ages 22-25. At what point does this ‘kid’ become a man?

I assume you think being a worker bee makes someone a man. I disagree. YOLO.

[Anonymous]

My biggest issue is that your 22 year old’s ONLY plan is to ask his parent’s for their support. I asked previously, where is the $80,000 going? Does this include a 1 bedroom apartment, weekend entertainment and a car?

[Anonymous]

Yes. Look, he’LL likely get that $$ one way or another right? Now or when you and husband have passed away. What’s wrong with giving him some of it now?

[Anonymous]

If this is a sport like golf or tennis…I know many of the pros that don’t make it will end up as the golf or tennis pro at a country club. They actually make some pretty good money if they also provide private lessons on the side.

If your kid is playing low level professional
Soccer or baseball, it’s likely a terrible idea.

We know a couple with a kid that was drafted into A minor league baseball and spent 8 years never moving anywhere. A kid drafted in like the 12th round with barely any signing bonus (not a 1st or 2nd round kid that quickly gets promoted out of A and like received a $1.5MM+ signing bonus).

He had to support himself working 2nd jobs though they probably covered like $10k/year.

The kid is now struggling with the rest of his life as he was finally told the dream is dead. It’s all pretty fresh, so who knows what he will do next, but it sucks to try to get a job with no decent work experience at 29.

[Anonymous]

Anonymous wrote:If this is a sport like golf or tennis…I know many of the pros that don’t make it will end up as the golf or tennis pro at a country club. They actually make some pretty good money if they also provide private lessons on the side.

If your kid is playing low level professional
Soccer or baseball, it’s likely a terrible idea.

We know a couple with a kid that was drafted into A minor league baseball and spent 8 years never moving anywhere. A kid drafted in like the 12th round with barely any signing bonus (not a 1st or 2nd round kid that quickly gets promoted out of A and like received a $1.5MM+ signing bonus).

He had to support himself working 2nd jobs though they probably covered like $10k/year.

The kid is now struggling with the rest of his life as he was finally told the dream is dead. It’s all pretty fresh, so who knows what he will do next, but it sucks to try to get a job with no decent work experience at 29.

I know someone like this on the golf side. Played in college, went pro (but no chance of ever making this a real profession), was sponsored by a billionaire golf enthusiast and was his paid golf buddy, caddy, coach. Eventually he spent less time competing, more time working at the uber wealthy country club and now works at a golf equipment company. He still enters a competition here and there for fun. I would not call him successful but the difference between your son and him is that he didn't have parents who could sponsor him and help him land on his feet career wise afterwards.

[Anonymous]

No. Your son could find a job adjacent to the sport and keep up his skills and see what happens.

[Anonymous]

Anonymous wrote:Nope! By the end of 4 years at a D1 School, you have an idea if they have a shot. You yourself said, no he doesn't. He's had K-12 and 4 years at college to enjoy his sport. now is the time to find a job, play the sport in your free time/coach younger kids, but there is absolutely no reason to pay $80K+ per year to let a kid "continue to play sports in their 20s".

+1.

[Anonymous]

Anonymous wrote:If this is a sport like golf or tennis…I know many of the pros that don’t make it will end up as the golf or tennis pro at a country club. They actually make some pretty good money if they also provide private lessons on the side.

If your kid is playing low level professional
Soccer or baseball, it’s likely a terrible idea.

We know a couple with a kid that was drafted into A minor league baseball and spent 8 years never moving anywhere. A kid drafted in like the 12th round with barely any signing bonus (not a 1st or 2nd round kid that quickly gets promoted out of A and like received a $1.5MM+ signing bonus).

He had to support himself working 2nd jobs though they probably covered like $10k/year.

The kid is now struggling with the rest of his life as he was finally told the dream is dead. It’s all pretty fresh, so who knows what he will do next, but it sucks to try to get a job with no decent work experience at 29.

Know a baseball player drafted in 7th round, and 2 years later (due to several injuries on the team, luckily for him) was called up. Been there ever since. But his parents are rich and knew he had a 50/50 chance of making it. But for everyone like him, there are 75 kids who just never make it and require assistance to just live the grind life.

[Anonymous]

Anonymous wrote:I'm in my early 30s, and I personally know 3 people like this. All Olympic potential but not a chance at medaling - just close enough that if they trained full time, hard, they could maybe make the national team. Very obvious they were not going to become successful professional athletes.

One did it straight out of college like your DC, the other two did it maybe 2-4 years out of college. For the latter, it was some combination of the job doesn't give me the freedom to train the way I need to (which at this level, no job could).

Anyways, they all went to grad school in their late 20s. 1 law school, 2 bschool. Bschool loves kids like these. They all have successful jobs now.

This! American business people (men) love former professional/college athletes and someone who went to the Olympics (even if they didn’t medal).

If you can do it w/o any financial pain, I would.

In my career I worked with a couple of former athletes who definitely got preferential treatment and additional career opportunities (and not for the actual work they did at the business).

It won’t hurt their careers and is likely to help (if they stay in the US). Let them live their dream for a couple of years.

[Anonymous]

PP

And, I’m saying that as a self-professed penny pincher.