Carmelo Anthony explains why a $100,000,000 contract doesn’t make professional athletes rich for life
“$100 million… let’s not get that twisted.”
“It’s not really $100 million.”
“You’re taking 50% to 60% off the top.”
“So that $10 million becomes $5 million.”
“Then you’ve got taxes in every state you play in.”
“You’ve got a house.”
“You’re taking care of your mom.”
“You’ve got a 4% agent fee.”
“You’re not working with $10 million anymore, you’re working with $5 million.”
“That drastic lifestyle change is what messes a lot of athletes up mentally.”
“You’ve got to budget how you pay your mortgage.”
“You’ve got to budget your food.”
“$100 million is not $100 million.”
“You’re not even seeing 50% of that money.”
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@Tento4_ Sike, about to put the little kid who bought the avatar game on Christmas in an unblockable fire ball set up from Iroh and then get on the mic and sing leaves from the vine 😤