Okay....I may be the only negative voice about select sports, but here goes. First, I notice that you have 3 children, so it won't be long before you are running the taxi service for all 3 of them....to school activities, sports, dance, theatre, friends'parties, etc. Select sports not only demand a lot of time, but they are a lot of money. If you have unlimited funds, then no problem....but most people have to suffer somewhere else to pay for kids' select sports.
Then comes the question - are you only going to let the first child participate? What if the next two are good at their activities too? If older sibling is playing select, why can't they?
I have rarely seen children who go on to compete at high school or adult level when they have played so much in childhood. They tend to get burned out on the sport.
My son started playing soccer at age 3. He was on a team of boys...most of whom also played other sports year-round. The team stayed together and played all sports together (soccer, baseball, basketball) until they were in 7th grade. There were a few who were standouts in a sport, but the parents all agreed that the boys had developed a great team comraderie (and only a few of them went to the same school....so it was a nice mix....one boy was Jewish and shared his heritage and traditions with the other boys) and all parents decided not to move any of the kids to select sports (some of them would have qualified; others not).
Interestingly enough, a few of them played high school sports, but none of them went on to play after that. The great thing is, though, that they are all still friends (my son is now 25). In fact, he just said that for his next birthday, he would like to have a party and invite the old team to get together.
So, my point is that maybe the friendships developed are more important in the long run than the sport. There is not a great chance that any kid (whether on select team or not) will go on to play professional sports. In fact, if you look at many of the professional athletes, many of them didn't even start playing until later (either junior high or high school). When kids start sports early, they learn friendship and comradery (and good sportsmanship if they have a good coach)....but it is unlikely to cause them to go on to professional sports.
So, if you have the money to spend and if you are willing to invest the time AND if your child really REALLY wants to do it (and it isn't just your encouragement pushing them to do it), then go ahead. But I hope you will consider that not all kids need to play sports at such an intense level...in fact, most don't need to do so. In my opinion, select sports have gotten out of control and parents seem to be the ones competing, rather than the children.
I hope you will consider and not just push your kids because everyone else is doing it.