That, and I bet quite a few of these kids have more hanger-oners and people wanting their piece of the action than you could imagine.And that's why for all their 6-figures and more, in the end, they'll end up worse off than before and in debt. Take it to the bank; no pun intended.
We need to sponsor scholarships for them to attend something like Financial Peace University (I know some people detest Ramsey, but something like that) or get on the athletic staff some type of finance coach willing to teach the basics:
1. Avoid debt/pay-off debt
2. Build emergency fund
3. Cash/debit only
4. Invest
5. Then go be generous/have fun/etc.
All this money in many ways is going to make college experience absolutely suck for them. You don't have to use much imagination to wonder how.