No, because by the time their return is flagged, notice is given, and any form of audit procedures begin. The player will be years gone from the school. These types of things take years to find, investigate and settle.
I'm not so sure, Buzz. Give mid seven figures to an 18-year-old with myriad handlers and an entourage, and no history of managing a dime...
what could go wrong?
Your timeline is right for the significant majority of taxpayers. But I don't think the IRS will treat these guys like the significant majority of taxpayers. I think they'll be on this stuff like stink on a skunk.
Fortunately, I've never dealt with the IRS other than to file tax returns and get the occasional refund. But I have dealt with bank examiners on a mission. I'm telling you, in comparison to when the Feds get up in your business, a combination colonoscopy / endoscopy without anesthesia will look and feel like a nod between colleagues passing in the hallway.
In answer to the OP's question: I think guys who sign big NIL deals out of HS, but for whatever reason don't pan out in college, might stay in college longer.