NBA Player, Lou Will says the average NBA player goes broke because $5 million isn’t a lot of money.
“You make $5 Million, two and half of that is gone. You got agent fees and that’s another $50,000 and then you have dues for the NBPA”
“The fees is $15,000 to $20,000 a year and that’s how we’re able to get our health care and all of that”
“Then you have your personal staff, financial advisor is probably 1%, agent at a high number is gonna get 4%”
“Before you look up, you have $1.4 Million off of $5 Million left and then you have the mansions and jewelries and girlfriends and channel bags”
“Before you know it, you’re not a millionaire no more”
@TheDunkCentral He dead serious too like wtf please get him off the airways because no way you listen to this and think he has the perfect amount of chromosomes