His draft stock spiked in the NCAA tournament, but for this business major, riding the NIL bubble and staying in school is a “no-brainer.”
Armando Bacot Jr. is sitting in the Dean Smith Center at the University of North Carolina, explaining that he stayed in school, in part, for the money.
He whips out his phone and pulls up some financial charts. From March 1 through June 8, in the months after he led North Carolina to the national championship game, he made a $21,000 profit selling T-shirts capitalizing on his name, image and likeness.