Congrats to Diante Garrett, who as of 5pm yesterday now has a guaranteed NBA contract for the rest of the year. I don't know about the rest of you, but I'm making just a bit less than DG's $788k this year. One of my all-time favorite cyclones!
Hard work paying off. Congrats!!
Congrats to Diante Garrett, who as of 5pm yesterday now has a guaranteed NBA contract for the rest of the year. I don't know about the rest of you, but I'm making just a bit less than DG's $788k this year. One of my all-time favorite cyclones!
Good for him! He should be financially secure the rest of his life unless he does something stupid.
If you are smart about it. Wealthy? No, but secure.A 25 year old is financially secure for the rest of his life on $788K?
I didn't say financially independent so yes.A 25 year old is financially secure for the rest of his life on $788K?
If you are smart about it. Wealthy? No, but secure.
He's going to give about 30% to Uncle Sam and live somewhere besides BFE, Iowa. He's going to need to pick up some sponsorship deals with local used car lots to be lifetime secure from 1 year in the NBA.
Yep. Resident must have gotten some bade advice.The assumption is that he would be working somewhere throughout his life. You don't need to make much coin if you can invest about $400k at age 25 that you don't need to touch. Hell, he's going to make good money even if this is the only time he sniffs the NBA.
If he's not stupid he'll be comfortable.