A new basketball league backed by a sports media company is entering the intensifying debate over whether student-athletes should be paid, by starting a venture offering high school basketball players $100,000 salaries to skip college.
The league, Overtime Elite, formed under the auspices of the sports media company Overtime, would compete directly with the N.C.A.A. for the nation’s top high school boys by employing about 30 of them, who would circumvent the behemoth of college sports.
Overtime will offer each athlete, some as young as 16, a minimum of $100,000 annually, as well as a signing bonus and a small number of shares in Overtime’s larger business. The company will also provide health and disability insurance, and set aside $100,000 in college scholarship money for each player—in case any decide not to pursue basketball professionally.
The trade-off is major: The players who accept the deal will forfeit their ability to play high school or college basketball.