It’s funny because they think the average person doesn’t get half their income taken out by taxes and insurance . 5 million isn’t lottery money ..the perception issue is on the athletes
The convo about “why athletes go poor” makes them just look irresponsible. It should be framed as “this is why fans telling us to take paycuts on deals is unrealistic”
Would be much more sympathetic about the latter point
The convo about “why athletes go poor” makes them just look irresponsible. It should be framed as “this is why fans telling us to take paycuts on deals is unrealistic”
Would be much more sympathetic about the latter point
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”
BREAKING: University of Michigan coach Dusty May has agreed to become the new head coach of the Dallas Mavericks, sources tell me, @AdamSchefter, @PeteThamel. Major college-to-pro jump for the 2026 NCAA championship coach and swing for the Mavericks and Masai Ujiri.
Kevin Durant reveals he felt like he was going to an underdog when he signed with the Warriors
“They never been a winning organization, Nobody liked Golden State… I'm looking at the totality of the franchise, not what happened the last 5 years.” https://t.co/6GRAFvdUyn