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Interesting way to handle an NBA rookie's salary

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  • #1

    Interesting way to handle an NBA rookie's salary

    Michael Carter-Williams Has Rookie NBA Salary in Trust Fund He Can't Touch | Bleacher Report

    Michael Carter Williams has his first 3 years worth of salary put in a trust fund he can not touch. His money until then is based on money from Panini and other endorsement deals.
    Favorite baseball players include: Mike Schmidt, Steve Carlton, Kirby Puckett, Pete Rose, Tyler Colvin Mark Appel
    Favorite football players include: Peyton Manning, John Elway, Daunte Culpepper, Mike Alstott, Blake Bortles, and Dri Archer
    Collecting: 2012 Topps Mini 1987 topps... non-certified autos (in person or through the mail), autographed cards with bible verses
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  • #2
    Great idea. Think of all the kids that blow the money, then blow out a knee and never play again, and don't have a dime saved for an uncertain future. Ive preached to my kids about saving 20% in addition to what they're going to save for retirement. That might make for a few tough years but being financially secure in your 50's is definitely better than relying on the government to manage your retirement for you.

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    • #3
      MCW is smart.

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