Around the NBA - April 2017

[Mediocre Man]

Not really. $50 mill after taxes. $40 mill after commission. Then divide that over the 40 more years he hopes to live, that's $1 million a year. That won't set up his family for generations. Double is a different story though

My family lives on 1/5 of a million dollars a year. We are pretty comfortable. Even if I bumped up and doubled that, I'd still have 600k to invest. Easily get 5% on that money, which gets me 630k every year in the bank.

Saying 40 million wouldn't last generations os more to do with the person, not the amount.

5% on 40 mm is 2mm per year in just interest.

 

[Minstrel]

Capitalism is the lie they tell us in their drive to totalitarian monopoly.

Da, comrade. The gears of capitalism are greased with the blood of the workers.

 

[julius]

My family lives on 1/5 of a million dollars a year. We are pretty comfortable. Even if I bumped up and doubled that, I'd still have 600k to invest. Easily get 5% on that money, which gets me 630k every year in the bank.

Saying 40 million wouldn't last generations os more to do with the person, not the amount.

5% on 40 mm is 2mm per year in just interest.

You are right, if you can't make 40 million last you a significant amount of time, you are an idiot. It's not difficult to make enough money off of interest alone to survive as long as you aren't buying new cars every 5 minutes and living well outside of your means.

 

[BBert]

Da, comrade. The gears of capitalism are greased with the blood of the workers.

Happy May Day!

 

[BBert]

You are right, if you can't make 40 million last you a significant amount of time, you are an idiot. It's not difficult to make enough money off of interest alone to survive as long as you aren't buying new cars every 5 minutes and living well outside of your means.

The NBA has seen it's share of idiots.

"Sure, I make a lot of money. But I spend a lot of money."

 

[UncleCliffy'sDaddy]

Apropos nuthin' really but.....I'm currently in San Antonio and it's kind of tortured fun to watch the town ramp up for tonight's Spurs/Rockets opener. I've made it a point to thank every Spurs fan I talk to for taking LaMarcus off our hands. There seem to be an ambivalence towards him in general and that gives me a pleasurable little chubby.......

 

[Wizard Mentor]

If I'm CP3, I'd take $100-120 mil and return a hero in NO and play with some actual bigs.

$210 mil to play for LAC is bad for both him and the Clips. They shouldn't offer it, and he shouldn't take it.