Carmelo Anthony Takes $62 Million Advance :damn:

[The War Report]

I knew you could get paid year round or just through the season. Dude that mentioned Kobe, I remember last year they paid him his salary for the year all at once. I believe it was right after he got hurt

And y'all saw what it looked like after taxes.

 

[the artist known az]

And y'all saw what it looked like after taxes.

Wasn't it like 16 million?

 

[muzikfrk75]

do you think they get paid every other week?

Some are living paycheck to paycheck......which is absolutely

 

[Arrogance.]

do you think they get paid every other week?

Actually, they do. That's part of the reason why the player's union cracked during the 99 lockout. Players were used to getting paid on 1st and 15th, which lead to plenty of all around when those checks weren't coming in.

 

[the artist known az]

Wasn't it like 16 million?

I found an article that mentions the before tax payment
(CBS) How much was your most-recent paycheck?

If it wasn’t approaching $25 million, then you’ve got nothing on Kobe Bryant.

As part of his contract agreement, Bryant will receive a balloon payment of $24,363,044 today from the Lakers, which is 80% of his salary this season. He’ll make a total of $30,453,805 in 2013-14.

The 35-year-old shooting guard will receive the remaining $6.1 million throughout the rest of the season.

To date, Bryant has made $249,284,257 in his NBA career.

 

[kash10003]

i can't even get an advance on the next coli cash handout

 

[duckbutta]

sign a multi year contract and then take half your money the first chance you get brehs

 

[Floyd Pinkerton]

Be incapable of living on 21 mil in salary plus significant financial contributions from outside endorsements brehs

 

[NY's #1 Draft Pick]

@ikbm

 

[NatiboyB]

Be incapable of living on 21 mil in salary plus significant financial contributions from outside endorsements brehs

He may have a massive investment opportunity he wants to get in on.

 

[Floyd Pinkerton]

He may have a massive investment opportunity he wants to get in on.

Fair enough.

 

[ryderldb]

Actually, they do. That's part of the reason why the player's union cracked during the 99 lockout. Players were used to getting paid on 1st and 15th, which lead to plenty of all around when those checks weren't coming in.

Didn't that happen last year too? I remember hearing about players taking out short term loans with like 20% interest cuz they had no money.

 

[beenz]

IF tax rates remain the same (they won't) its the same now or later because he's in the highest bracket regardless. It likely has to do more with the ability to invest or spend the funds today.

I just hope he doesnt put it on on red in atlantic city

Well $60M today is worth more than it will be in a couple years. That's just a sound fiscal decision. It's all about the time value of money.

 

[muzikfrk75]

 

[Scientific Playa]

lot of highly paid executives put their income in tax deferred accounts...wondering if elite athletes do the same