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.”