BLAZER PROPHET
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I may be wrong, but I think Jake Locker did this. After he signed his minor league contract with the Angels (something like 400k, iirc) , he gave up his scholarship.
http://sports.espn.go.com/ncf/columns/story?columnist=schlabach_mark&id=2927602Bellotti said he advised Dixon to hold out for more money from the Braves. According to sources with knowledge of the situation, Dixon received a signing bonus of less than $150,000 for a six-year commitment. He had to sacrifice his scholarship at Oregon to accept the bonus, although it's believed the Braves are paying the bill for his final season with the Ducks. Dixon graduated with a bachelor's degree in sociology in June.
Happens all the time. I believe Stockton's son is paying his way at Gonzaga
