I wouldn't encourage my kid to look elsewhere over 5 figures or low 6. 7 figures might be another story but 100k isn't life changing money, it's temporary (although if he is from a advantaged family, those dollars could at least make an immediate, temporary impact). But 100k assuming x 4 years less assumed 25% effective rate leaves 300k. Also assume the average 18-22 male makes less than reasonable decisions with money and spends half and he graduates with 150k. Nothing to sneeze at but not life changing.
I don't but into the local hero angle either. More than likely, he is not remembered at all but possibly excoreated on GH for being a disappointment.
I would encourage my kid to go where 1. He feels is a good fit; 2. He would get a good education; 3. He would develop as a player. If that would be the U, great. But if there are options, explore them. No doubt this kid sees the same things with this program that many of us see here.