If you're about to plant a bare root sago palm, just be sure to do it right. First of all, it's a good idea to trim it down as much as possible. Leave the roots alone, but trim the leaf stubs down as closely as possible. The new growth will come through the middle of the top, so all of what you're seeing now will be the trunk of the tree. Doing this trimming before you plant it is much easier than after. I did it last night while it soaked in a bucket of water.
Be sure that the soil is free-draining, wherever you decide to plant it, and never, ever, at the bottom of a slope. If in doubt, plant it on a little hill. I've found that the best way to treat a sago palm is as if you were planting a cactus, but be sure to give it access to water.
I have piled up the soil around the hole and will begin by pushing that soil back in, along with some new potting soil. I'll add in some dry fertilizer (I like Osmocote) and water it in well with Miracle-Gro. No, these companies don't pay me to say this, I wish they would!
Update June 30, 2015. The first leaves are just beginning to emerge (yeah, you gotta look closely). It will be OK!