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It says: "Any person who has not been selected by a Club in a College Draft shall be free, after the completion of a College Draft for which he is eligible[.]"
Warner was eligible to be drafted but nobody wanted him that year. In fact, nobody wanted him for several years after he was eligible to be drafted.
Good college players will be drafted when eligible because they are scouted. The only way to "avoid" the draft is to sit out for two years. But why, if you are a top tier talent, sit for two years and cost yourself tons 'o cash?
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