Sorry for his first two years Tyrese would possibly be considered a 2-way player. In which he can make up to the minimum NBA salary of around $500k. After those two years he would be on min. G league salary.
Tyrese Hunter Entering the Transfer Portal - NIL Speculation
- Thread starter cyfan92
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he was talking about the two 2-way players on each teams NBA roster. they make a 500k minimum.
That looks like a great deal for the agent, and a terrible deal for Tyrese.
They could spend 100% of it before paying any taxes if the guidance around them is poor enough.
If some of them had jobs in high school with a W2 I wouldn't even be shocked if they think they can spend it all and still get a tax return back like they did when they worked at McDonalds ore Home Depot or somewhere.
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After taxes that is a nice chunk of change but can go quick if you aren't careful. Hope he is getting good financial advice
This is what I was thinking. So if I understand this, Tyrese sold his NIL rights to an agent for a flat fee, for that agent to use and market how they wish. Thus, said agent wants him to be in a bigger market to get better marketing deals.
Yeah because if ther's one thing we've learned over time, athletes making the jump from amateur to pro and being handed money they never even dreamed of seeing: they have no spending/tax issues.
Yeah, if you're talking 2 way contract that is about the same as his rumors.
There's a massive difference. 2 way contract is like if he was the typical 50th pick in the NBA draft. There aren't a ton of them and they are fringe league guys.
If he declared for the draft he MIGHT get picked late second round but far from sure thing at his short height. This is definitely the safer play to just grab cash if 500k number is true and at least 80% of that goes to him rather than agent.
Wigginton is our only current 2 way player I think, but we've had a ton of guys go through that phase, many of which were second round draft picks.
I think this post was intended as an exaggeration not fact. Agents will make a lot of money but not that percentage. Knowledgeable people suggest 15-20%.
Maybe agent $100K, Hunter 400K.
Ok.
I made mentions of this in other threads, but I hope that what Tyrese is doing is the right path to the ultimate goal of getting in to the NBA. Making money now is nice, but hopefully not at the expense of developing in to an NBA player.
But it sounds like this is a bad deal for Tyrese.
Not sure why Tyrese didn’t just go the professional route this year and play abroad if getting paid was the only priority. I doubt he gets to the league but maybe i’m all wet.
How does it work that they can have an NIL agent but not an NBA draft agent?
Or is it fine to have an NBA draft agent now too?
I honestly never saw why they couldn't hire an agent who only gets paid if/when they get an NBA contract. No different than the common injury insurance policies they only pay if/when they get a big pro pay day.
Or is it fine to have an NBA draft agent now too?
I honestly never saw why they couldn't hire an agent who only gets paid if/when they get an NBA contract. No different than the common injury insurance policies they only pay if/when they get a big pro pay day.
I just hope it is not a flat fee situation where the agent keeps the rest.
I agree that this seems like just another way for people on the edges of college sports (i.e. agents) to take advantage of talented young adults.
One semantic note I want to make though is that NIL is not the same thing as pay-for-play. Pay-for-play means that the schools are directly paying their athletes. This allows schools to set up contracts with the players, and will make it so that competitive limiters can be put in place such as salary caps or "luxury taxes". I firmly believe we will see some sort of pay-for-play system adopted in the next decade.
If a player was super focused like say MJ or Tiger Woods, they could invest some of the money in medical and physical training in offseason to supercharge their fitness level and avoid injuries.
I mean I'm guessing less than 1% would do that, but $ can buy health these days and buy performance in ways that are not performance enhancing drugs. Things like cold therapy, dietary experts, personal trainers...you could really get a competitive edge with tons of cash if all you cared about was making yourself into the perfect athlete.
That might have been the g-league pay the first year it existed for the lowest tier guys. I’m sure it’s more now and they may have used average G League salary to formulate the deal. Lots of questions.
