Have you ever wondered what happened to the heroes of previous NCAA tournaments? Many of these players were the big men on campus and received national attention because of their performances during March Madness. Some of these college stars went onto NBA careers that sizzled while others had short-lived careers that fizzled. Here are the careers of a few of the former players voted Most Outstanding Player in the NCAA Tournament over the past 30 years.

IN PICTURES: 8 Money-Saving Tips For Sports Fans

Carmelo Anthony
As a freshman, Carmelo Anthony led Syracuse to the 2003 national championship by scoring 33 points in the semifinals against Texas and 20 points against Kansas in the final. Melo left for the NBA after his freshman season and was the third pick in the NBA Draft. Carmelo exploded onto the NBA scene averaging over 21 points per game as a rookie.

He has made three All Star Teams and led the Denver Nuggets to the playoffs in each of his first six seasons. Carmelo's stellar play was rewarded with a five-year $80 million dollar contract in 2006. (Colleges experience an uptick in giving when their teams compete well, and increased ticket, apparel and memorabilia sales boost the bottom line. Learn more in The March Madness Effect.)

Richard Hamilton
In 1999, Connecticut shooting guard Richard Hamilton scored 27 points to lead the Huskies to a 3 point win over Duke in the NCAA championship game. The number seven pick in the 1999 draft has been one of the best shooting guards in the NBA for the past 11 seasons. Hamilton is the model of consistency averaging 18 points per game throughout his career.

He has led the Pistons to six Eastern Conference Finals appearances and one NBA title. Hamilton's consistent play has earned him over $70 million dollars during his playing career.

Glen Rice
Glen Rice made a name for himself during the 1989 NCAA championship tournament, setting a tournament record by scoring 184 points during the Wolverines march to the championship. His performance in the NCAA performance vaulted him to the number four pick in the draft. Rice's pure shooting style made him a star during his playing days with the Miami Heat, Charlotte Hornets and the Los Angeles Lakers.

During his 15-year career Glen Rice made three All Star teams and won one NBA championship. He is the all time leading scorer in Hornets history and is in the top 10 in NBA history in three point field goals made.

Magic Johnson
In 1979, Earvin "Magic" Johnson led Michigan State to their first NCAA championship against Larry Bird and Indiana State. Magic led the Spartans with 24 points, seven rebounds, and five assists in the championship game to win the NCAA's Most Outstanding Player award. Magic's Final Four performance catapulted him to the number one pick in the 1979 NBA Draft. Magic proceeded to win five NBA championships, three NBA MVP awards and an Olympic gold medal.

He was selected as one of the 50 Greatest Players in NBA history and voted into the Hall of Fame in 2002. Johnson is a minority owner of the Lakers and has a number of business ventures including Magic Johnson theatres, Burger King Restaurants and Starbucks.

Ed O'Bannon
Look up the word "bust" in the dictionary and you might see a picture of Ed O'Bannon next to it. After scoring 30 points and grabbing 17 rebounds to lead UCLA to the 1995 NCAA championship, O'Bannon was selected with the ninth pick in the NBA Draft. (If you had placed these wagers, you would be very rich in 2010. Read Sports Bets That Would Have Made You Rich In 2009.)

His career fizzled out in the NBA with O'Bannon only playing two seasons and averaging just five points a game. O'Bannon was too slow to defend quick guards and too small to defend taller forwards. After washing out of the NBA he began selling cars at a Las Vegas dealership until recently getting a job as a high school basketball coach.

Christian Laettner
Christian Laettner is famous for his performances in Final Fours. He scored 18 points and grabbed 10 rebounds in the 1991 championship game win over Kansas. Laettner finished his career at Duke winning two NCAA titles and being considered as one of the best college basketball players of all time.

But in the NBA career was mediocre at best. He never came close to achieving the same level of success that he enjoyed in college. Laettner retired in 2005 and now co-owns a community development company, Blue Devil Ventures.

Danny Manning
Manning did everything but sell popcorn at the 1988 championship game with 31 points, 18 rebounds, five steals, and two blocked shots. His championship game performance against Oklahoma led to the former Jayhawk being taken with the number one pick in the 1989 draft.

Unfortunately, Manning blew out his knee as a rookie and was never the same player. He did manage to make two All Star Teams and win one Sixth Man of The Year award before seeing his career ended by knee problems. Manning played 15 seasons in the NBA and is now an assistant coach for the Kansas Jayhawks basketball team.

Pervis Ellison
Pervis Ellison led the Louisville Cardinals to the 1986 championship by defeating the Duke Blue Devils. "Never Nervous Pervis" had a monster game scoring 25 points and grabbing 11 rebounds in the 72-69 win. He was the first freshman to ever win the Most Outstanding Player award. Ellison went onto be drafted with the number one pick by the Sacramento Kings. (New sports continue to enter the market, but will they push out the traditional stalwarts? Find out more in The "Next Big Thing" In Pro Sports.)

He turned out to be a decent NBA player but never lived up to the hype from his Louisville days due to injuries. Ellison missed so many games to injuries that his new nickname became "Out of Service Pervis." Ellison now coaches and works with underprivileged youth.

The Bottom Line
As you can see being the best player in the NCAA tournament doesn't always mean hitting the jackpot. The Most Outstanding Player award should come with the following caveat: "Winning this award is no guarantee of future success."

Catch up on the financial events making news this week in Water Cooler Finance: We're Getting Richer And Spending More.

Related Articles
  1. Personal Finance

    Top 10 Most Valuable Sports Teams in 2015

    Cleats, pads and profits: we take a look at the top 10 most valuable sports teams in the world.
  2. Investing News

    How 'Honesty' Could Pay off for Jessica Alba

    Is it possible that Jessica Alba is one of the savviest businesswomen on the planet?
  3. Fundamental Analysis

    The Economics of FanDuel

    Part of fantasy sports’ success lies in one-day and week-long contests serving as an alternative to season-long games. FanDuel, a leader in this space, has recently surpassed a $1 billion valuation.
  4. Personal Finance

    The Future Outlook of the Golf Industry

    The popularity of golf peaked in 2003. To regain popularity and survive, the industry is adapting to appeal to a younger generation of players.
  5. Investing News

    Famous Celebrities Who Love Investing

    Celebrities have a bit of a bad reputation these days. These five celebrities, though, have used their fame and their money to invest successfully instead of spending it on looking good.
  6. Professionals

    The Top 5 Richest Restaurateurs

    The top five richest restaurateurs have proven that it is possible to not only turn a profit in the restaurant business but to become multi-millionaires!
  7. Professionals

    The Top Six Richest Supermodels

    Through excellent investing, brand management and high earnings, these six supermodels have cultivated multi-million dollar net worths.
  8. Stock Analysis

    How Nike (NKE) Continues to 'Do It'

    Other than style, do sneakers from any maker really differ that much? That's debatable. But this is certain: Nike sets the standard for selling an image.
  9. Entrepreneurship

    Nike and the NBA, a Perfect Duo?

    What does Nike's recent eight-year contract partnership with the NBA entail for its largest competitor Under Armor?
  10. Personal Finance

    How The NBA Makes Money

    The National Basketball Association has moved past Major League Baseball to represent the second most popular sport in the United States. How does the NBA make money?
RELATED TERMS
  1. Hole-In-One Insurance

    A product that offers financial protection to golf tournament ...
  2. Merchandising

    Merchandising is any act of promoting goods or services for retail ...
  3. Rothschild

    A prominent family of German bankers that established banking ...
  4. Tycoon

    A prominent figure in a particular industry who has built up ...
  5. Bowie Bond

    An asset-backed security;which uses the current and future revenue ...
  6. Latin Baseball Futures

    A financial contract used to speculate on the potential of teenage ...
RELATED FAQS
  1. Why is Manchester United (MANU) carrying so much debt?

    The takeover of Manchester United by the Glazer family beginning in 2005 saddled the historic club with substantial amounts ... Read Full Answer >>
  2. What are Manchester United's (MANU) largest revenue sources?

    Manchester United is one of the most popular U.K. soccer teams. Its principal stadium is Old Trafford, located in the heart ... Read Full Answer >>
  3. Does Manchester United (MANU) own Old Trafford stadium?

    Old Trafford Stadium was built for and is currently still owned by Manchester United Football Club (Man Utd.). This means ... Read Full Answer >>
  4. What's the biggest sports endorsement deal ever signed?

    According to Forbes, basketball player Derrick Rose holds the largest endorsement deal as of 2014; the deal is for more than ... Read Full Answer >>
  5. What are the biggest stadium naming rights deals of all time?

    The top three stadium naming rights deals of all time were all for stadiums hosting New York City teams. The largest was ... Read Full Answer >>
  6. What is the difference between a mutual fund and money market fund?

    The Herfindahl-Hirschman index can be used to determine competitive balance in sports. Competitive balance is desired in ... Read Full Answer >>

You May Also Like

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!