Carmelo Anthony Takes $62 Million Advance :damn:
- Thread starter muzikfrk75
- Start date
So...this guy got a cool $62 million on him right now?
Knicks' Carmelo Anthony Takes $62 Million Advance
Star Forward Takes 50% of $124 Million Deal
New York Knicks star Carmelo Anthony is getting advance payment of more than $62 million from the five-year contract he signed last month, according to people familiar with the matter.
The advance for $62,032,340—or 50% of his $124 million-plus deal—is the maximum Anthony can take this soon under league rules. And in terms of sheer dollar amounts, it is surely among the largest advance payouts a player has taken in NBA history. Only Kobe Bryant, Jermaine O'Neal, Kevin Garnett and Rashard Lewis have ever signed contracts for larger amounts.
Anthony's advance will have no impact on the Knicks' salary-cap situation. It simply changes the timing of when the 30-year-old will receive his biggest paychecks over the course of the contract.
Anthony's agent, Leon Rose, didn't immediately return a call seeking comment.
While the $62 million figure is unique, Anthony wouldn't be the first player to take a 50% advance on his contract. Knicks swingman J.R. Smith—who is also represented by Rose—did the same thing last summer, when he took half the money from his new, nearly $18 million contract upfront.
http://online.wsj.com/articles/knicks-carmelo-anthony-takes-62-million-advance-1408146976
You can bullshyt with rings if you want
muzikfrk75
#4080
And he want it all in twentys
Diddly Drogba
Superstar
la la like
the artist known az
Hail the victors
So...this guy got a cool $62 million on him right now?
minus taxes and paying Leon Rose his cut
shyt, that is still a couple of millions in his disposal after taxes. You know some nikkas and bytches are ploting just in case. This is why I would not want be an professional athlete. People knows how much you got and it make you a target all times.
the artist known az
Hail the victors
He should have about 38 million after all of that depending on the percentage he pays Rose. (I didn't know the usual percentage is 4%, I thought it was higher)
Jhoon
Spontaneous Mishaps and Hijinks
do you think they get paid every other week?
PortCityProphet
Follow me to the truth
if players did this before their lockout in a couple years they'd have a better chance at holding out 
the artist known az
Hail the victors
Some of them do, I believe it's twice a monthdo you think they get paid every other week?