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What is LeBron James: Opportunity Cost of NBA Entry about?

LeBron James was already one of the best high school basketball players in the country and had received numerous college scholarship offers. However, after graduating high school, James decided to enter the NBA draft rather than attend college. As the first pick in the 2003 NBA draft, James signed a contract worth almost $13 million, whereas attending college for four years would have cost him $19 million in forgone income.

Author

Syed Zeeshan Ali

Language

EN