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This is all speculation and they probably do away with the draft, but the NBA could follow the path of world football and open academies and bring in cats to tryouts, house them, provide them with an education etc. Have multiple sub divisions or teams etc.
This is a conversation I've had many times with friends. At the end of the day, there is no perfect system for cultivating professional athletes and no perfectly equitable system for diving up talent.
One thing that a lot of people miss when talking about the soccer academies is that these kids are essentially pro-athletes at 13 or 14. They kind of go to school but their number one priority is becoming a better soccer player and eventually making it to the top team. They're getting paid, so they're expected to be professionals at a young age.
Essential these kids stop going to school in eighth or ninth grade. Obviously for the guys who make it to the top teams in the world, it's well worth it but, like any pro sport, the guys playing for Arsenal, Barcelona, Chelsea, etc only represent a small percentage of the kids who go to those academies.
A lot of those international soccer prospects get screwed over too. Throughout Europe, there's an entire generation of kids who wash out and they're in there early twenties with eighth grade educations.