Joe Haden says most people have no idea how quickly an NFL contract disappears once taxes and family expenses hit.
“I signed a five-year, $50 million contract.”
“I had about $26.6 million guaranteed.”
“My first year, I got a $12 million signing bonus.”
“After taxes, I only touched around $7 million.”
“The first thing I did was give my parents $3 million.”
“Then I bought them a $1 million house.”
“So right away, about $5 million was gone.”
“I bought my brothers cars.”
“I bought myself a penthouse.”
“I got a Range Rover Sport and a Bentley GT.”
“People hear $50 million and think you’ve got $50 million sitting in the bank.”
“That’s not how it works.”
“You look up after all that and realize you might only have around $1 million left.”
“You start understanding real quick that a $50 million contract is not actually $50 million.”
“That’s why so many guys go broke.”
@JillAdge Unfortunately, more than likely the $45+ million that Lavine is making next year will probably be the full amount of his next 3 year contract
Guide To Getting to NBA Finals:
1. Sign with the Sacramento Kings
2. Spend a short time in Basketball Hell
3. Get fired/traded for the wrong reasons
4. Join a better situation
5. Reach the Finals
So happy for Brunson. Also @Vivek great work on hiring and then firing 2 championship caliber coaches! Your leadership has always inspired such mediocrity.
Draymond Green blasts $100,000 NBA fines: “This job ain't set up for us to be wealthy”
“The amount of money we get fined for the things that we do, that shit don't happen in Corporate America”
“You get fined $50,000 because you say something somebody don't like. 50 grand, that's real money. 100 grand. ‘Oh, he only got fined 100 grand.’ The fines to me don't make sense”
“As hard as we work to accumulate wealth, coming from situations that most people never make it out. Then you get fined the way we get fined. It's actually not set up for us to be wealthy after we're done playing”
"The way we're taxed, the way we're fined, this job ain't never been set up for us to be wealthy after we're done playing”
Btw this was his response when he fouled a 3 point shooter for a 4 point play after playing lazy defense and lost us a big game in 2024. This nonchalant attitude is his personality. Dude does not care