Latrell Sprewell made over $100 million in his career but is now worth less than Coli dudes

[Big Boss]

I’m not going to say all of that, but there is something to it, for me what if i told you shaq was the biggest trick in La buying multiple women Honda accords, paying rent, condos, degrees on top of eventually being married, the difference, the money was more and he had so many streams, he could literally bank his 100 million dollar contract and live off endorsements, and who ever his agent and financial advisers were, they deserve a bigger check because they got him them multiple streams. The biggest issue is, nikkas don’t realize how taxes don’t work, they take stupid loans banking on money they may never get, or stretching themselves too thin,
You don’t need 3-4 houses and 8 plus cars, especially if your money isn’t ridiculously long







nikkas look up and that grim reaper knocking on your door for your career, and you have nothing saved or put to the side, so you try to gamble on taking 500k to a million and thinking it’s going to ballon into 25 milly or more and that’s not how this works, so some nikkas prey on that desperation crowder was smart he say oh man run it by my lawyer and financial advisor and if they think it’s good we can run it up, that’s how you eliminate them get rich quick family and friends ass nikkas

I heard it was Ford expeditions

 

[iceberg_is_on_fire]

He told us had to get a contract that could feed his kids. That 100 milly wasn't enough.

 

[Pitentmf]

It depends on how you are raised, what interest you have, how much you like to ball, risk aversiveness and on. Yes I don't agree with saying what you would do in another mans situation, but I do agree with saying what you would if you had x millions bucks.

The CBA should do something about this, force financial advisors into their contracts or something. shyt is sad, but then again, there's billions of people to feel sad for before any multi millionaire losing money on living the good life.

I thought the NBA and NFL provided something like that for the rookies?

Even still, people are going to do what they do no matter the advice given (which usually comes from their agents) because they too busy wanting to show off for strangers. You see it every year, ink on the first contract not even dry and here comes the mansions and six figure cars.

 

[DropTopDoc]

I heard it was Ford expeditions

Could be both

 

[DropTopDoc]

It depends on how you are raised, what interest you have, how much you like to ball, risk aversiveness and on. Yes I don't agree with saying what you would do in another mans situation, but I do agree with saying what you would if you had x millions bucks.

The CBA should do something about this, force financial advisors into their contracts or something. shyt is sad, but then again, there's billions of people to feel sad for before any multi millionaire losing money on living the good life.

I think they need to have a checks and balance on these financial advisers

 

[nyknick]

How NBA pensions work

Breaking down the NBA’s pension program and other benefits for retired players (such as health insurance and college-tuition reimbursement).

hoopshype.com

Players can start receiving payments as early as 45 years old, but the payments are reduced since they’ll be receiving the payments over a longer period of time. Players are encouraged to hold off on receiving payments until they’re age-62 (if possible) in order to receive the highest-possible payments.

A 62-year-old who played 10 or more years in the NBA will earn over $215,000 annually from his pension. For comparison, “a 10-year NFL veteran who retired prior to 1993 receives [a pension] of approximately $30,000-40,000 a year, pretax, at age 55,” according to the San Francisco Chronicle. (The minimum that a retired NBA player will receive at age-62 is $56,988 annually, and that’s just for someone with three years of service).

EDUCATIONAL PROGRAMS

The college-tuition reimbursement program is another recent addition that’s helping many retired players. If a former player wants to go back to school and enroll in college courses, they can get their tuition reimbursed up to $33,000 annually.

“In addition to improving the pension program, they included an educational component with it as well,” Butler explained. “Now, retired players who didn’t finish their degrees can go back to the school and the guys who did get their degrees can further their education even more. They provided enough funding to make $120,000 available to every person who has ever played in the Association.”

HEALTHCARE FOR LIFE

Now, after three years of service in the NBA, players receive healthcare coverage for life. Players with 10-plus years of service in the NBA receive coverage for their spouse and children too.

 

[Pitentmf]

nikkas look up and that grim reaper knocking on your door for your career, and you have nothing saved or put to the side, so you try to gamble on taking 500k to a million and thinking it’s going to ballon into 25 milly or more and that’s not how this works, so some nikkas prey on that desperation crowder was smart he say oh man run it by my lawyer and financial advisor and if they think it’s good we can run it up, that’s how you eliminate them get rich quick family and friends ass nikkas

Yep, i.e. Adrian Peterson

 

[winb83]

You’re rambling and projecting. My point was, people are you are always talking about what you WOULD do, even though you’ve never been in that situation nor have any expectation to be in it.

Every check right now I save money. I’m not even talking about my 401K which I also have but I have just regular investment accounts I add to every check. I also save money every check like in my savings account. I’m not a financial genius. I just understand that life comes at you fast and income isn’t guaranteed. So when I say I could take $1 million of $100 million and park it and not touch it I’m just talking about scaling up stuff I already do.

 

[Canada Goose]

Latrell Sprewell is the first ever Knicks player I ever known (early 90s baby) and didn't know he was this wild

 

[General Mills]

Regardless of rain or snow
Sleet or hail
I kick street tales
Choking nikkas like I’m Sprewell