That 30 for 30 claims another one: Darius Miles

[Michael's Black Son]

how the fucc does he fit in a Camaro?

 

[Michael's Black Son]

\

Slam had the cover game on LOCK back in the day. only second to the Source

 

[Michael's Black Son]

Oh it's not a lot of money huh.

25 MILLION dollars even at 1% interest is 250K per year for the rest of your life WITHOUT RISK. And that's 1% ONLY, are you losing to inflation? Yep, but you are also not potentially putting yourself in a situation in where you have to sell your fukking VCRs either. How will he watch Titanic now?

People really need to stop giving these athletes a pass. You have all the money in the world, take some economics and business classes if you want to be some young entrepreneur after your playing days.

This is sad and infuriating all at the same time

How will he watch Titanic? shyt, he is ON the Titanic with Telfair right now

 

[LeMAO]

\

i still have this in good condition, i follow the hype back then

 

[InstantKlassik]

Thecoli accountants are out in full force

 

[L. Deezy]

Corny ass cac jokes

That was the point you cuckhold ass nygga

 

[Copy Ninja]

The contract amount isn't what hits your bank account if you're managing your money correctly. The check you get goes to your bank afterthe agent gets his percentage, your attorney gets his fees, and after you've sat down and done your quarterly or yearly tax returns. Problem is these high earners, are just not intelligent or dedicated to anything other than thier craft. I remember my oldest brother telling me and my other older brother why they go broke because we kept pressing him for an explanation, he was always secretive about it but he told us "These guys are given all this money, and when things dwindle down and they have all this free time, they won't sit down with a form or even at a computer and do thier own taxes. They would rather go party, shop, and play around rather than sit down for 3 hours and do thier own taxes. That's why you hear about people owing the IRS tax money. They don't know what a deduction is, don't know what an exemption is, never heard of a 1099, and instead of learning they'd rather pay someone like me 500 an hour to do it for them. They don't know any of these business managers that make these offers for investments, and they don't know how to say no. So if taxes, gold diggers, lawsuits and entourage bills don't get them then the business sharks will"

They're big targets.

That's regular shyt responsible people should know

 

[Danie84]

5 VHS players in the 2000s

 

[R.E.N. Spells Ren]

Why can't these nikkas just save their money? Everyone isn't smart enough to be a business man...recognize that

You can't expect 18 year old instant millionaires to be smart with their money, especially when they come from families who may not be financially stable in the first place. They need to have Herm Edwards come in a do a NBA symposium.

Turk ain't even asking them to be smart with their money, just not to be stupid with their money.

Most people who have ever had money or know anything about money would not call parking it in a savings account "smart" but it's infinitely better than dumping it into investments you have not vetted and will not oversee. You're an 18 year old instant millionaire who never had money prior to this. Why try to act like you're a business tyc00n?


Their best bet is to go with a big shop (Merrill Lynch, Morgan Stanley, etc) where they are one of many clients. You're not getting ripped off, and it's essentially like a better returning savings account (even with the account management fees). They're not gonna risk ripping you off and fukking up the rest of their business which dwarfs your single account.

 

[75 Others]

– 5 VHS players (total of $21.50)

 

[Bledswole]

$66 million earned is probably like $25 million net after taxes, fees, dues, etc. That's really not a lot if not managed properly. It can easily whittle away in 10 years.

Add in multiple child support payments, bad investments, taxes eating in to it every year...

This is the same old story...no amount of money is limitless.

SN: I heard he got really chubby too?

25 Million not being alot

nikka if you don't quit

 

[feelosofer]

It's a shame that players don't learn how to be fiscally responsible and learn financial literacy, especially after the checks dry up.

 

[The War Report]

Why so many properties in East St Louis?

 

[Optimus Prime]

That Bird jersey is worthless without it being authenticated. That's why it went so low. Same with all the autographed stuff...

 

[JordanWearinThe45]