In The Zone '98
Superstar
Imma laugh when KD retires and pops out with a full grown family
Imagine KD: "they like their privacy"
I mean. We've never seen Dirk's kids
Trevor Ariza made $117M and is reportedly broke already
- Thread starter beenz
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I mean. We've never seen Dirk's kids
I’m sorry you have to try very hard to blow through $58 million in a lifetime let alone 18 years. That’s spending $9,000 every single day or quarter million a month for 18 years straight. I legit would just run out of shyt to buy after a few months. Mind you for 7+ months of the year for most of this time he should be playing basketball.
You could spend several million on just a private jet and that's to buy it not even maintain it. $10s of millions on a single house and people of that status easily have 3-4. You looking at a multi-millionaire and thinking on the scale of where you're at. Just like how right now you could easily blow the money you make on things that are at the level you're at now as a multi-millionaire you could do the same on things of that person's level. A lot of that money they probably also give to family and friends also. On top of that it wasn't a lump sum he was getting paid checks through the time.
Tryin to have the same lifestyle when you were playing vs while retired always fails
RennisDeynolds
I am untethered and my rage knows no bounds!
Lol this reminds me of when I told my mom if I won the $500 something million lotto I wouldn't work
She hit me with the "what if you run out of money"
She has no concept of how money works. If you hit for $500 million you could buy a dividend producing ETF like SCHD for $10 million and not even feel the purchase. IT would annually produce close to $300K just sitting there.Lol this reminds me of when I told my mom if I won the $500 something million lotto I wouldn't work
She hit me with the "what if you run out of money"
At that level your money can produce more income on its own that 95% of people can.
No amount of money is too great to blow through if you living like you got twice as much...especially when you are paying for mutiple children to live the same lifestyle as you.
And you dont get all $58 mil in a lump sum. A lot of these dudes dig holes that they have to keep digging themselves out of...by digging more holes.
I dont get it though. Like even if you bought a 10 mill house. Bought some expensive cars. Some jewelry, luxury clothes.
Thats like 13 million. 58 - 13 = 45.
And you bought your family (parents, couple siblings + cousins) houses. And got close friends nice apartments. Say thats another 10 mil. Now you got 35 m.
Let's say you spend 10k a month on food + clothing cuz you got it like that. 10 × 12 = 120k a year. lets say you give away 150k a year to family and close friends for frivolous things. And spend another 100k on parties, strippers, jewelry, etc.
That's 370k a year
Over 15 years.... that's 5.5 million.
So that's still 29m left over.
How are you going broke? Thats not being frugal at all and you still got many millions left over.
This is what im saying. What else are you buying?
Luxury cars, nice big homes, expensive diet + restaurant bills, jewelry, etc. Literally wont be enough to burn through $60 mil.
Did he buy a mega mansion or mini yacht that ate his money?
Even then those things don't depreciate that badly that you cant resell them and recoup most of the money (let alone profit).
You can never make so much money that you can't live beyond your means. Having more money just means access to more debt and more expensive toys.
It’s not that simplistic tho. It’s death by a thousand cuts. Off the rip these guys come into the league living above their means. Ariza’s rookie deal was a 2 yr $1M deal. He probably took out mortgages (eg buying himself a house, his mama a house, etc) shortly after getting drafted despite not earning a dime yet. Wouldn’t be surprised if he also started helping out struggling family and friends with living expenses using money from loans and/or his early endorsements before getting drafted. Then he also probably helped out his homeboys who were around his age (he got drafted straight out of HS).
These guys take out loans early on in anticipation of earning more and continue living that borrowed lifestyle where the next contract pays for what they spent during their prior contract. The numbers you estimated are too low because they don’t account for the maintenance and upkeep of those purchases like homes and cars. And they’re giving way more than $150K per year to family and friends. It’s probably at least 8-10x that (on average over the 18 years, lower during his early career and higher at his peak). $1.5M (on average) per year to family and friends over 18 years is $27M. Living costs, medical emergencies, college tuitions, legal fees, back child support. These guys often foot the bill for all of that for friends and extended family.
And that money to family and friends doesn’t include failed business ventures that they often propose to these guys.
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RennisDeynolds
I am untethered and my rage knows no bounds!
She just thought I'd be moving like these athletes, blowing money on dumb shyt and hoes
You better believe I'd probably wild out with some hoes
That’s fair. But not getting it in a lump sum and stretched out over 18 years should make it more difficult. Let’s say you’re stupid early on and blow your rookie money. Damn after year 5, 6, 7, 8, etc at some point something should click to reverse your course of action.
$3 million a year after taxes for 18 straight years. That much time there should be wisdom and learning at some point.
Ariza been in the league since he was 19 and last played at age 36 in 2021. So all his 20’s and half his 30’s.
And if he were truly broke he can go play overseas.
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