Alec Burk's new ride

[orangello]

I like the look of the car.

 

[Flip Nicklin]

that car is not even that expensive ! scootsy you are confuse !!!

 

[b_line]

Why do NBA players all feel the need to buy expensive cars with their first paychecks? Most of em know jack**** about cars anyways, the only see $$$,$$$.$$ and flip open their wallets.

where is the financial planning? Yeah this is a good paying gig, but for you Alec Burks, its a 10 year career. How you gon pay for stuff the rest of your life? Maybe I'm old cat thinking, but I'm done smh

dude, his first paycheck was like two years ago. He makes a butte load of money. This car is not a bentley, its an audi, which is like 80k. I would buy one if I made even like 200k. Alec makes millions.

 

[b_line]

Alec Burks has made 4 million so far in his career and is guaranteed another 2.3 million. No matter how good/bad he is, he will pocket 6 million dollars. So, what financially, has he done wrong?

Let's say he gives himself $250,000 a year to live on. That is $750,000. Let's say he dropped another $250,000 on that car. That equals 1 million dollars over three years. That means, after taxes, he will still have over 2 million dollars that he has invested. That would give him $80,000 a year to live on the rest of his life, if he never makes another penny or works another day in his life. That also doesn't include the additional 8 million the Jazz would pay him if they picked up his options.

Just because he bought a car doesn't mean he isn't taking care of his finances.

too bad he lives in a country with taxes...

 

[b_line]

KC Trends Motorsports put together this 2013 matte black Audi A8L for Utah Jazz Alec Burks sittin on 22" Staggered Dropstars DS644B wheels and Nitto Tire Invo Tires

CLICK FOR A GOOD VIEW ----> View attachment 2280<------

he probably saw me driving one of mine, and was jealous...

 

[scootsy]

dude, his first paycheck was like two years ago. He makes a butte load of money. This car is not a bentley, its an audi, which is like 80k. I would buy one if I made even like 200k. Alec makes millions.

how many athletes who made millions in the past are broke now? there are a ton. and it's this type of fiscal behavior that leads to it.

 

[NAOS]

I like the look of the car.

easily the best post of the thread. It's as matte as the car.

 

[scootsy]

According to Sports Illustrated, 78% of NFL players will file for bankruptcy or face financial hardships only two years after playing their last game. NBA players face a similar fate with, 60% of players going broke five years into retirement.

Read more: https://www.foxbusiness.com/personal-finance/2013/02/01/why-athlete-go-broke/#ixzz2RUVLtkio

My bad, the numbers are actually in his favor!


/s

 

[GVC]

and it's this type of fiscal behavior that leads to it.

No it's not. Spending $100k on a car when you've already guaranteed yourself $9mm of pay (not including the free travel, per diem and endorsements) is not a problem. What should he drive?

 

[scootsy]

No it's not. Spending $100k on a car when you've already guaranteed yourself $9mm of pay (not including the free travel, per diem and endorsements) is not a problem. What should he drive?

Many NBA players been in this same situation. 60% are broke two years after their last game.

Facing those odds, being a mid/low-tier pg/sg and then paying for luxury things when nice, less expensive things would be perfectly suitable <<--- fiscal irresponsibility

 

[NAOS]

Many NBA players been in this same situation. 60% are broke two years after their last game.

Facing those odds, being a mid/low-tier pg/sg and then paying for luxury things when nice, less expensive things would be perfectly suitable <<--- fiscal irresponsibility

so, how's your rusty used Ford Focus treating you?

 

[scootsy]

so, how's your rusty used Ford Focus treating you?

120,000 miles and still driving like a champ. no rust though, take too good care of it.

smh though, kinda creepy you know what i drive.