Teen hoops players are paid $100K salaries. The goal? A new path to the NBA
“At the time, the New York-based social media company Overtime, founded in 2016, could only provide blueprints of a still-under-construction league to launch in the fall of 2021. Players would attend an in-house school and earn Georgia-accredited diplomas. They would earn guaranteed salaries of at least $100,000 and be provided with financial support if players wanted to later attend college as a student. The biggest selling point was basketball.
‘We both wanted to go to college,’ Ausar said. ‘But then we realized that we could get a lot better in this year than we would have gotten in high school.'”