I agree with @Campbell281. You will hear “Olympic athlete” bandied about here, almost in jest along with Nobel Prize Winner, as a highly desired hook for college admissions. It’s so pie in the sky for most of us that I would be surprised if you will find someone with that experience on CC. I hope I am wrong!
In your shoes, I would choose whichever academic approach (graduate early, cyber school, etc.) best supports his athletic goals, then let the chips fall from there. A wonderful college — whether it is Penn or Penn State in terms of selectivity — will offer him a great experience once he is done chasing his dreams.