Standard bonus contracts include provisions (or funds) to pay for college if the player doesn't make it. For instance, if they sign him for $600k they would likely add another $50k into a fund to pay for school. Sometimes the amount of that fund can slow or even halt negotiations. In the case of wanting to go to Vandy, you are likely looking at an additional $75k at least. Who knows how much Vandy will cost 5 or 6 years from now? Isn't it close to $20k a year now?
Try over 30K
OUCH
Wonder how much of that $30k Moviel will have to cover at Vandy? Not likely he is on full scholarship.
If he is a good student, could get some money from that.