Life Comes At You Fast

Be very wary, Gerald Green.

After tax and agents, these guys probably only make half of what you read.

Yet, they expect to be able to afford Bentleys and huge mansions. Those huge mansions cost a lot in upkeep, you know.

It is really funny to me that as much as this site worries about language and abuse (i could not type “skraps” with a “c” the other day) and worries about these things with an occasionally seen christian perspective that this is not found offensive:

 “I just picture Joe Forte with a headset on working the drive through at a Burger King.”

When did mocking the working poor become more acceptable than bad language?
  

if my career nba salary was only 3 million dollars(most 1st round picks) and you don’t make it after you can still live a great life. You have to be an idiot to not be able to survive on that for life even without ever working again. Just to get rid of the urge to spend i would spend 50 thousand on anything i wanted, then invest in a high end house and car and put the rest in a savings account(2 million can get you 70 thousand a year from interest).

But like some of you said, alot of these guys become show offs and think that cuz jordan can spend a certain way they shoudl try to also.

Its a real depressing way to life to have that much money and be broke after. Worst than having a mediocre job for 20 years imo.

If the nba cared about their players they should offer guidance counselors for each team

financial guidance counsellors i meant

Chicagogreen, if you really want to see the working poor get mocked, watch the dog and pony show on the DNC News Network tonight at 8 eastern. I doubt very seriously that Jeff was mocking anybody.

I can’t fathom having that much money. Let alone knowing how to spend it all. But at 18-25 years old, I’m sure a lot of these kids are pretty vulnerable. I don’t know what the solution is….Beyond educating them. Problem is, there is only so much the NBA can do. In theory, these kids are adults.
  

Isn’t Forte playing in Europe? I’m guessing most of those broke players are not from the Big East.. ;D

I believe it….. the way they spend when they are making the money is outragious…. and once the NBA paychecks stop, it’s hard to maintain that level of living unless you’ve invested it or are a businessman….. and what else could they do?

’I’m just as poor as you, I just have a higher standing of living while I do it’

They should all be required to hire CFP’s during their rookie year. That would help things tremendously. It’s a no-brainer, well that and not buying a new Escalade every 6 months. ;D

I think that stat is quite misleading. The NBA is not that old, and most of the retired players are still from an era where only the very best players saw the kind of money that would make one immediately rich. Furthermore, most NBA players don’t play in the league more than a year or two before getting cut. We only know of the players who stay. We never think of the players who are cut after a year and never return. The end of the bench guys who never sniff $1mil. I think that most of the guys getting serious money also have financial advisors and are going to be just fine. The image of the uneducated, wildly out of control young kid wasting away his millions is one that masks the real casualties of this statistic – the guy who never had the talent to really make it, but spent his whole life thinking that he could and working towards nothing other than that. The millionaires generally stay millionaires. And when you look at the really shrewd players who have recently begun to work this new CBA to perfection, it’s been the very youngest in the league leading the way – LeBron, Dwight Howard, Melo, Wade. None of these guys have a college degree, but they are smarter about their money than most of the vets.

they need advisers who don’t get a percentage from the players’ $ and get paid by the team like a team doctor. but since when do young people in general actually listen to advice from above, no less guys that have been entitled for most of their youth. i just don’t think the leon powe’s of the nba will ever blow their dough.