“Typically, such services do not include transfer admissions, which would likely tack on another package of services. I’m just saying that being in this industry, it is unusual that payment installments extended past senior year.”
This isn’t typical. Obviously. Since the fee is in 7 figures.
Seems like the $500k (if it was ever going to get paid) was intended to be a success fee, rather than a simple fee for services rendered.
You might pay that once the kid is solidly ensconced at Dartmouth. But you’re probably not going to pay that if the kid winds up at Whatev U.
Also, the coach might have been trying to spread their income out over an extra taxable year.