Last spring Bacot, Love, and Davis had a choice. They could enter the NBA draft and go 2nd round/undrafted, and end up in the G-League. Or return to UNC and make NIL money. All three made the choice for more money, as their NIL deals dwarf the average G-League paycheck. Their NIL deals also dwarf 2-way contracts.
This coming spring Bacot (senior) and Love/Davis (juniors) will have the same decision to make. Evaluate their draft stock and make the best decision for themselves. Bacot will probably have to choose between being a late 2nd rounder or returning to use his Covid year. Love could go anywhere between late 1st round to middle 2nd round depending on how the rest of the season goes. He has the best chance at getting a guaranteed NBA contract. Davis is basically projected to go undrafted because of his height. I could absolutely see RJ Davis returning for his senior year, and again for his Covid year. Because the money he will make from NIL deals is more than he would make in the G-League, as a two-way player, or as overseas. In fact if Love and/or Bacot leave, he'd probably get even more NIL money as the face of the Tar Heels.
Sorry for the long-winded response. NIL has changed everything.