Iowa State coach Fred Hoiberg met with McKay on Thursday in Milwaukee to figure out whether to move forward with the recruitment. At the conclusion of the meeting, nothing was definite, but a few hours later as Hoiberg began to board a plane back to Ames, he received word that McKay had decided he would give serious thought to paying his way.
The Cyclones would not permit McKay to take an official visit unless they were confident he would give serious thought to paying his way, an option one source said was "feasible."
McKay will visit the same day as Rashad Vaughn, for the Cyclones' game against Michigan, per a source.
McKay does like the idea of playing under Hoiberg and in his player-friendly offense. One school of thought is McKay paying his way through the first semester at Iowa State would be an investment toward his professional future, as his chances of making an NBA training camp would be good given Hoiberg's NBA connections.
The other schools most interested in McKay are Florida, Arkansas and Arizona, which all have an available scholarships to offer McKay, who would sign in December and then be eligible at the midway point of the 2014-15 season.
McKay would take out a loan to finance his tuition, housing and everything else in the spring. This fall the tuition at Iowa State for a non-resident was $10,642, while the tuition for a resident was $4,407. Per the Iowa residency classifications: "If the person is in the state primarily for educational purposes, that person will be considered a nonresident." So, although McKay was a resident of Ottumwa for roughly two years, it is my understanding he would not qualify for in-state tuition, as he was in Ottumwa for education.
McKay was a two-time first-team NJCAA All-American at Indian Hills under coach Barret Peery. In his JUCO career he averaged 16.2 points and 8.9 rebounds per contest.
The Cyclones recruited McKay in 2012, but McKay chose Marquette over other offers from Illinois, Indiana and Memphis.
McKay, by the time he signs, will have three semesters of eligibility remaining and won't be permitted to play until the 2014 fall semester concludes.