Hope that he finds some success. Looks like a situation where his parent's involvement absolutely screwed him by the pressure they put on him. UF was never going to pay up. Their plan was to wave around this very unrealistic offer and per the termination clause of their agreement, back out at the last second, and see if they could lowball him.
His parents may have also thought that the offer was bogus but that they could use it as leverage with other schools who could also make substantial offers. Either way, UF showed their word is no good, and the kid's parents cost him millions of dollars.