Adam Mills is having a great season this year is he a potential first rounder?
If he's finishing high school, he's eligible. If he's drafted but decides to go to a juco, he can still be signed until the day before the next year's draft. But if he's drafted and decides to go to a 4-year school, he can be signed until he takes his first class, and then he's not eligible again until his junior year.
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