Carmelo Anthony Takes $62 Million Advance :damn:

[blackzeus]

that gif

I'm sayin' though, nikkaz extra worried about Melo's pockets, let's talk about this bish and how she lookin' extra right. She doin' the get pregnant dance

 

[Mr. Jack Napier]

From the World Street Journal

An earlier version of this article misstated the timing of advance salary payments to be received by the Knicks' Carmelo Anthony. Anthony will annually receive 50% of his yearly salary in an advance payment. He won't receive half of the entire $124 million contract this year.

 

[Lord Beasley]

la la like

yeah fukk rings at this point. if its meant to be its meant to be

 

[martin payne]

Rashard Lewis?

man im sittin here like wtf rashard lewis and jermaine o neal......these nikkas came up

 

[JealousOnesEn_V]

He's receiving 50% of his yearly salary upfront throughout his contract. That's where the 62 mill comes from... /thread

 

[bl2k8]

He's receiving 50% of his yearly salary upfront throughout his contract. That's where the 62 mill comes from... /thread

Half of his yearly salary would be like 10 milly and half of that would be 5 mil. What you talmbout

 

[JealousOnesEn_V]

Half of his yearly salary would be like 10 milly and half of that would be 5 mil. What you talmbout

Why are you breaking it down into a quarter when I said half????

 

[fact]

Hopefully Melo's using that to inquire about how to grow me @ Warren's Buffet.

 

[bl2k8]

Why are you breaking it down into a quarter when I said half????

Bruh they said yearly

 

[Liquid]

it's a smart move if he has a nice long-term plan for it.

I get the feeling Melo is not that reckless with his money though.

I do wonder what kind of advances Antoine Walker was taking out though

 

[JealousOnesEn_V]

Bruh they said yearly

He is set to make 22.5m the first year of his contract, half would be 11.25. The way his contract is setup, he will end up getting 62m advanced by the end of his contract. Im not understanding what you're talking about???

 

[KENNY DA COOKER]

Majority of that goes to LALA

yeah LALA was probally in the negotions talking shyt...

Knicks: okay Carmelo we got a deal on the table for a 5 year 124 million dollar deal!!

Carmello: Sounds GREAT!!!...where do I sign?!?!?

LALA: say what?????

Carmello: What's the problem babe!?!?!?

LALA: when they gonna CUT them checks playboy??...u fukk around and let's say have a lackluster season, or in typical Knick fashion yall become underachievers...then what???....u fukked........especially if they have the option to void your contract...u betta GET SOME PAPER IN YO POCKETS LIKE RIGHT NOW CUZZ!!

Carmello: sorry guys.....she might not have been shooting with me in the gym....but as far as these finances she is going in
im gonna need something upfront!

Knicks: alright.........I guess your "WIFE" has spoken

LALA: ....that's right....we want that 50% of that guap upfront and the check made out to Carmello and LaLa productions and also throw in a a insurance policy just in case ....something "unfortunate" might happen to him....

CARMELLO:

 

[1thouwow]

Majority of that goes to LALA

Lala BEEN putting in work

 

[jilla82]

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

this is really why getting that money up front is really good.
He could do something simple like invest in apartment rentals (im talking eating up hundreds of units at a time) and get about a 10% return on his money while he's playing.

 

[Ego Noir]

If that condo he owns in Manhattan is filed as his primary residence, Let's add up the top tax brackets.

39.6% federal income tax

8.82% NYS income tax

3.876% NYC income tax

=

52.296% in taxes