day 3 of the NFL draft includes rounds 4,5,6,7.....
But yes, if your are, at best, potential 7th round talent--might as well take a few thousand bucks a year in college, because you're never getting to the NFL.
I provided the figures. It's not nothing, but day 3 type guys aren't getting much. couple thousand dollars.
Allowing for outliers, yes. Aren't many 4/5 in the day 3 cohort, typically.