Draymond Green says Bennedict Mathurin’s 2-year, $16,000,000 deal with the Pelicans is another example of why the NBA’s collective bargaining agreement is terrible
“I can’t imagine he and his representation thought he’d get $8 million a year. But again, when we talk about that second apron, when we talk about that hard cap, guys like that are striking out, and guys like that are having to take these lower number deals, less years, lower amounts, to keep teams under the taxes”
“Look at New Orleans. They stay under the tax with that move because they weren’t going to make a move that was going to put them over the tax. The penalties are too steep, especially for a team that’s not putting butts in seats and not making the playoffs. You can’t do that. You can’t go into the tax”
“So here’s another deal with another young guy who can’t get paid because there just aren’t enough teams paying due to the terrible collective bargaining agreement that governs the NBA. I think it’s awful. It’s bad for all parties. I’ve said that over and over again”
(via @DraymondShow)
My high school coach as a sophomore at St Joes broke these #s down to me and asked me if I thought I would be one of them… I was on the bench that whole season and he told me I prob wouldn’t be on the team the next year. I said yea and he smiled and chuckled right in my face … true story … you just never know 🤷🏽♂️
When Prime Minister Stephen Harper left office Canada had:
The richest Middle Class in the G7.
A $1.9 billion surplus Budget.
Canada ranked 1st in Financial Stability.
Canadians had the lowest Tax Burden since the 60s.
Reduced crime by 26%.
This next Bitcoin bull run could change a lot of lives.
I’m rooting for everyone who wasn’t born into the right family or country, lost someone, went through divorce, got passed over, or had to start over.
No matter how much Bitcoin you own, you own something the old system can’t create more of.
As the rails get built, that scarcity will matter.
For once, the underdogs got in early. 🧡
Everyone holding Crypto rn is about to get rich af.
In the next 30 days, we will see the CLARITY Act pass and we will get surprise rate cuts.
Don't ask me how I know, it's almost too obvious if you're paying attention.
All you need to know is Crypto is about to do what the AI industry did and if you've been stacking you're going to retire your entire family.
Trust me on this one.
My honest advice to anyone still in crypto.
Double down. Seriously. The cycle bottom is weeks away and EVERY previous cycle went to all time highs after.
You already survived the hardest part. Don’t quit now. That’s how you get rich.
The last Crypto bull was the silent bull.
The institutions accumulated quietly, we never saw an alt season, and we never got a retail mania.
The next bull will be the loudest bull market in history.
Institutions will start bagworking like you've never seen before.
Every single American will have Crypto exposure.
Retail will flood the markets, Alts and memes will go crazy, consumer apps will do numbers no one could've ever imagined, and God candles will light up the charts.
The ones who stuck around and stacked coins over the last 4 years are going to get rich af.
I hope you're paying attention.
I finally understand what Machiavelli meant when he said, "Never play fair in a game where others cheat." It doesn't mean become evil. It means stop being naive. Stop bringing honesty to people who study manipulation, stop giving access to people who weaponize closeness, and stop expecting clean hands from people who already showed you they'll throw dirt. Sometimes wisdom is not revenge. Sometimes wisdom is learning the rules of the room before the room uses your goodness against you.
Crypto is simple.
You get wrecked and eat dirt for 2-3 years and then you make more money than you’ve ever made in your life.
The 2-3 years are almost over.
It’s time to get rich af.
you have to be a bit sick in the head to win at this life. genuinely. something has to be a little wrong with you.
you have to willingly walk into situations that could humiliate you,
put yourself in rooms where you have no idea what you’re doing,
ask for the thing you are almost certain they will say no to,
take the shot that could make you look like an idiot,
get punched in the face by life and keep fighting,
get humbled,
get your ego chewed to pieces.
then go home, sleep, wake up the next morning and still want it. that is a strange person. that is the person I trust. that is the person who makes it.
You're unhappy because you do nothing worth being proud of. You haven't done anything hard in months. You haven't made anything. Fought for anything. Dared anything. You coast, consume, complain, and repeat. Then you wonder why life feels empty. Fulfillment comes from building something that outlives your moods.
What’s going on in the NBA, MLB & other major sports is just a reflection of what’s happening throughout the rest of society, and most people aren’t even aware of it yet.
Society has moved from an ownership economy to an access economy, and I don’t think people fully understand what that means for society.
Look at what’s happening around us. People are increasingly renting homes instead of owning them. Sports teams are moving toward private equity and fractional ownership. Entertainment and software have become subscriptions. Cars are leased, financed and even adding subscription features. Music went from something you bought and owned to something you pay every month to access.
Different industries, same trend. As valuable assets become more expensive, fewer individuals can afford to own them. Eventually ownership starts migrating toward corporations, private equity firms, investment funds and other institutions capable of pooling large amounts of capital.
And when ownership changes, the incentive changes with it. An individual might own something because they love it. A family might own something because they want their children and grandchildren to have it. But an institution owns something because the numbers have to work.
So everything becomes a financial optimization problem. How much revenue can we get out of this asset? What can we charge for that used to be included? What can become a subscription? What can be rented instead of sold? What else can we monetize? How much more value can we extract from the same customer?
You can even see it in many cities. Beautiful land, open spaces, historic neighborhoods and locally owned businesses increasingly have to justify themselves against whatever produces the highest financial return. A field becomes a subdivision. A neighborhood becomes a development. A local business becomes a national chain. Eventually every city starts looking the same because everything is being optimized by the same spreadsheet.
And that’s where the societal impact becomes much bigger than people realize. The danger is that we can become richer on paper while becoming poorer in all the things a spreadsheet doesn’t know how to measure.
We’re in an economy where people have access to more things than any generation in history while actually owning fewer things. Meanwhile, the institutions receiving all of those payments are using that cash flow to accumulate even more assets.
That’s why becoming an owner is going to be more important than ever. If you own valuable assets today, whether that’s a home, land, a business, equity or other productive assets, you need to think very carefully before giving them up.
Obviously not every asset is worth holding forever. Sometimes selling is the right decision. But the next 10-20 or 30 years will make ownership of genuinely scarce and productive assets nearly impossible for the average person, and eventually even for people with good incomes.
Because income and ownership are two different things. You can make $200,000 a year and still be competing against an institution managing billions of dollars. A good salary doesn’t necessarily give you the purchasing power to compete with pooled capital.
That will become one of the defining economic divides of the future. Not simply rich versus poor. Owners versus renters. People who own appreciating and productive assets versus people whose income is continuously being used to pay the people and institutions that do.
Everything could become more convenient, more efficient and more accessible while simultaneously becoming more financially optimized to extract every possible dollar from the consumer.
It’ll produce incredible returns for capital. But it won’t produce a better society. If you can become an owner, become one. And when you acquire something genuinely valuable, understand what you have before you give it up.
Because a time coming where buying it back will be significantly harder than selling it was.
It took 300 days in 2021 for ethereum:0x2b591e99afe9f32eaa6214f7b7629768c40eeb39 to go from this price level to 50¢ 👀
You’re not ready for what’s coming… 🚀🔥
#PulseChain
tupac recorded 501 songs, but only 2 became top ten hits.
van gogh painted 2,100 paintings and only sold 1 while he was alive and it was 6 months before he died.
sabrina carpenter released 67 songs and five albums over the course of 10 years before she had her big hit "espresso."
glen powell spent 19 years trying to become an actor before "top gun: maverick" made him a star. 19 solid years.
and connor story spent 8 years waiting tables and he was ready to quit acting for good. and the day he almost got fired, he got an email and he found out that he got the lead actor role in "heated rivalry," the biggest acquired hbo show in history.
and you are giving up because you tried twice? or maybe 10 times?
look, a winner is just a loser that tried one more time and that's just it
winners lose more than losers even try.