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Lockout!!!

carolinajazz said:
.....do you know how much child support payments are these days??? Not to mention the need to trick their ride, tattoo their bodies, and tip the girls at the strip clubs? Plus, I don't think the minimum NBA salary is that high. I think it's closer to 400,000 if I'm not mistaken. I'm too lazy to look it up....especially since I'm trying to distance myself from anything NBA related!
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I think you right, I think 800k is more like the veteran minimum.
 
Cyrone Torbin said:
You make it sound like they were getting payed minimum wage. I think the minimum contract was around 800k a year? They will be fine unless they are completely irresponsible with their money.
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so consider this you get a contract for 800.000 a year but you have to move to somewhere. consider your jsut out of college so you have no money.
so you move to another state buy a house (probably mortage) buy a car (lease) pay taxes. so how long you think you could last.
 
DutchJazzer said:
so consider this you get a contract for 800.000 a year but you have to move to somewhere. consider your jsut out of college so you have no money.
so you move to another state buy a house (probably mortage) buy a car (lease) pay taxes. so how long you think you could last.
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I think everyone should take up an $800,000 collection and give it to me as a beta test so we can know the answer for sure. I'll move, buy a house, get a new car, a few tats, couple of whores, (you're welcome Carolina) and I'll let you know when I'm out of money. I'll just be glad to get the question answered with empirical data.
 
DutchJazzer said:
so consider this you get a contract for 800.000 a year but you have to move to somewhere. consider your jsut out of college so you have no money.
so you move to another state buy a house (probably mortage) buy a car (lease) pay taxes. so how long you think you could last.
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I could make myself last a long time with that money. But the problem isn't the lower people in the league it is the ones who think they own it. But you are right that money wont last that long depending on how smart you are. Does make me wonder how much the nba helps on on things like that when they travel for games. Seems like when you hear from a lot of lower end players they seem to be on vacation a lot.
 
If you're a minimum contract journeyman/veteran I doubt you are buying a house. Car? I guess their a pretty big range in $ one could pay, but I would hope most minumum contract players aren't buying 250k car. For the sake of this though lets say they have a 75k car.

Start: 800k dollars

Then let's take some off for taxes.

450k dollars

Then Car I mentioned earlier

375k dollars

Now takes some $ off for the house they are probably renting. I have never rented a house before, so someone help me out with this. I'm going to say 10k a month for this example, that is probably too much, but idk. Obviously if you are in a lockout though you will stop renting this house and move into something cheaper.

255k dollars left

Food. You are in a lockout hopefully our unemployed scrub won't be doing too much fine dining.

245k dollars left

Child support, because you're baby mommas don't care you don't have a job. (Any bum fathers out there no how much this is?) For the sake of the example, I will say our scrub has 2 different kids he has to support

200k dollars left

Anyways, the purpose of this example is that anyone should be able to live off 800k without being employed for a year if they are responsible adults.
 
All another reason why the owners are digging in pretty hard. With the new taxes from Obama they are going to be pretty stingy with their money as well. I don't blame the players for trying to keep as much money as they can. Especially the mid level players that don't last that long and only last a few years.
 
....ok, I looked it up. NBA minimum salary for a rookie is alittle over 400,000. Both 2 year and 3 year players make almost 800,000 per year. That's the minimum.
 
Cyrone Torbin said:
If you're a minimum contract journeyman/veteran I doubt you are buying a house. Car? I guess their a pretty big range in $ one could pay, but I would hope most minumum contract players aren't buying 250k car. For the sake of this though lets say they have a 75k car.

Start: 800k dollars

Then let's take some off for taxes.

450k dollars

Then Car I mentioned earlier

375k dollars

Now takes some $ off for the house they are probably renting. I have never rented a house before, so someone help me out with this. I'm going to say 10k a month for this example, that is probably too much, but idk. Obviously if you are in a lockout though you will stop renting this house and move into something cheaper.

255k dollars left

Food. You are in a lockout hopefully our unemployed scrub won't be doing too much fine dining.

245k dollars left

Child support, because you're baby mommas don't care you don't have a job. (Any bum fathers out there no how much this is?) For the sake of the example, I will say our scrub has 2 different kids he has to support

200k dollars left

Anyways, the purpose of this example is that anyone should be able to live off 800k without being employed for a year if they are responsible adults.
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I get that the operative word is 'responsible.' But just for fun, you left out:

Jewelry: Anywhere from 50 to 200K on this.
Clothes: Anywhere from 25K to 150K.
Party Expenses: Anywhere from 50 to 100K and up. The nightclubs they go to have bottle service and VIP sections. 5 grand is a typical tab in those places with groups involved. It adds up fast. Add wining and dining women to this total as well.
Entourages: Easily a 100 to 300K experience. Even if bills get passed around on the party nights with players, they still have plenty of broke friends who aren't kicking in for anything. Trips, gifts, "loans."
Investments: I'll leave this out, but I'd guess pro athletes get burned on investments at a high percentage.

I can't imagine an 800K guy is only dishing out 45K in child support, but that's whatever. Factor in several cars, not just one, gambling, vacations, money to the family. Toss in a divorce and it's pretty easy to see how pro athletes suddenly find salaries of 5mil straining the pocketbook.
 
billyshelby said:
I get that the operative word is 'responsible.' But just for fun, you left out:

Jewelry: Anywhere from 50 to 200K on this.
Clothes: Anywhere from 25K to 150K.
Party Expenses: Anywhere from 50 to 100K and up. The nightclubs they go to have bottle service and VIP sections. 5 grand is a typical tab in those places with groups involved. It adds up fast. Add wining and dining women to this total as well.
Entourages: Easily a 100 to 300K experience. Even if bills get passed around on the party nights with players, they still have plenty of broke friends who aren't kicking in for anything. Trips, gifts, "loans."
Investments: I'll leave this out, but I'd guess pro athletes get burned on investments at a high percentage.

I can't imagine an 800K guy is only dishing out 45K in child support, but that's whatever. Factor in several cars, not just one, gambling, vacations, money to the family. Toss in a divorce and it's pretty easy to see how pro athletes suddenly find salaries of 5mil straining the pocketbook.
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....nice observations! No wonder they don't want to settle for 50%!
 
billyshelby said:
I get that the operative word is 'responsible.' But just for fun, you left out:

Jewelry: Anywhere from 50 to 200K on this.
Clothes: Anywhere from 25K to 150K.
Party Expenses: Anywhere from 50 to 100K and up. The nightclubs they go to have bottle service and VIP sections. 5 grand is a typical tab in those places with groups involved. It adds up fast. Add wining and dining women to this total as well.
Entourages: Easily a 100 to 300K experience. Even if bills get passed around on the party nights with players, they still have plenty of broke friends who aren't kicking in for anything. Trips, gifts, "loans."
Investments: I'll leave this out, but I'd guess pro athletes get burned on investments at a high percentage.

I can't imagine an 800K guy is only dishing out 45K in child support, but that's whatever. Factor in several cars, not just one, gambling, vacations, money to the family. Toss in a divorce and it's pretty easy to see how pro athletes suddenly find salaries of 5mil straining the pocketbook.
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Yes, this might actually be true during times of employment. I doubt to many minimum wage guys roll like this though, especially when their is a lockout. Also, not all NBA players have kids.
 
Reality is after a couple of months some of these players might need money

there is a reason kobe et al if' i'm not msitaken where ready to loan guys money.
but hey a loan does not solve the problem. lost money is lost money
 
Cyrone Torbin said:
Yes, this might actually be true during times of employment. I doubt to many minimum wage guys roll like this though, especially when their is a lockout. Also, not all NBA players have kids.
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Never underestimate the bad choices 22 year olds make when they suddenly start getting 20,000 dollar checks every week. I would not be surprised if well over half the guys making 1mil or less (predominately under 25ers) have almost nothing in the bank account.
 
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