OT What in the world is Adam Morrison up to you say?

[KeepOnRollin]

Well here is the answer:
http://thelab.bleacherreport.com/life-as-an-nba-draft-bust/

Including why he thought about suing fellow Gonzaga alumni Kyle Wiltjer, dealing with diabetes and being a family man with a vacation home in my town.

 

[KeepOnRollin]

He also considers himself a Libertarian @Denny Crane

 

[Wizard Mentor]

Bottom Line: he's earned $17 mil in NBA plus endorsements. If he has $10 mil left and he earns 6%/year, then he's making $600,000/year which is plenty for someone level-headed like Morrisson.

 

[ripcityboy]

Always felt kind of sorry for him getting branded as the ultimate draft bust. Even if had stayed healthy he never would have been a star but after he tore his ACL what little defense and agility he had was gone. Yet he never sent picture of his junk to interns or was caught with a pound of blow at a strip club. I think it's that picture of him looking like a shaved down Bigfoot that will always make him a joke.

 

[BoBoBREWSKI]

Good read. Thanks for posting it.

 

[Rastapopoulos]

Never a good sign when you feel the need to say "I'm not a psychopath or anything like that."

 

[Denny Crane]

He also considers himself a Libertarian @Denny Crane

Did you see the Libertarian town hall on CNN yesterday?

Worth a look, IMO.

 

[Denny Crane]

Bottom Line: he's earned $17 mil in NBA plus endorsements. If he has $10 mil left and he earns 6%/year, then he's making $600,000/year which is plenty for someone level-headed like Morrisson.

He paid 1/2 that $17M in taxes.

 

[blue32]

Never a good sign when you feel the need to say "I'm not a psychopath or anything like that."

That is required to say now a days because majority of idiots out there think if you own a gun collection you're some kind of whack job. I see no problem with Ammo shoving his middle fingers up and saying fuck you to those people.

And that was a good read. Sounds like my kind of friend.

 

[crandc]

Washington has no state income tax.

Have to say anyone who longs for Wonder bread is pretty odd IMO. However, do your own thing as long as you don't hurt anyone. (Berkeley hippies never die!) Must be nice to retire at 30. I'm sure not crying for him.

 

[KeepOnRollin]

Washington has no state income tax.

Have to say anyone who longs for Wonder bread is pretty odd IMO. However, do your own thing as long as you don't hurt anyone. (Berkeley hippies never die!) Must be nice to retire at 30. I'm sure not crying for him.

And he thanks you for that. He wouldn't want you to.

 

[Rastapopoulos]

 

[blue32]

Washington has no state income tax.

Have to say anyone who longs for Wonder bread is pretty odd IMO. However, do your own thing as long as you don't hurt anyone. (Berkeley hippies never die!) Must be nice to retire at 30. I'm sure not crying for him.

I think the shit in Wonder bread probably helps him with his glucose levels.... (just assuming here...).

 

[Boob-No-More]

Washington has no state income tax.

It's not that simple. When he was playing, he earned the bulk of his $17 million in NC (5.75% state income tax) and California (13.3% highest state income tax bracket). In the NBA, the players state income tax is based on where they play the games. So, not counting playoffs, that's 41 home games taxed at that state's tax rate and 41 road games taxed at rates varying from 0% to California's 13.3%.

Of course, now that he's retired and living off his investments, he doesn't pay state income tax on that investment income. So, that's a benefit of living in Washington that makes his investment income go further.

BNM

 

[BlazerBeav]

Good for him - imagine being retired at 28 and having an income from investments that allows you to live lavishly for the rest of your life.

 

[MickZagger]

Great read. He showed glimpses his rookie year. The most entertaining player and most colorful personality I ever got to watch at Gonzaga. Dude is set for life, never has to work a day in his life again and he's 31 with two championship rings. Play golf and drink whiskey. Thats great.

 

[Boob-No-More]

Have to say anyone who longs for Wonder bread is pretty odd IMO.

As Blue32 mentioned, it was probably something to do with managing his blood sugar levels.

Any mention of Wonder Bread immediately makes me think of the opening scene in Edward Abbey's "The Monkey Wrench Gang". In the scene, Doc Sarvis torches a Wonder Bread billboard that claims, "Wonder Bread helps build strong bodies 8 ways!". Liars!

BNM

 

[Wizard Mentor]

Great read. He showed glimpses his rookie year. The most entertaining player and most colorful personality I ever got to watch at Gonzaga. Dude is set for life, never has to work a day in his life again and he's 31 with two championship rings. Play golf and drink whiskey. Thats great.

20 years ago, I'd agree. Not trivial to earn 6-8% anymore, at least as far as I know.

 

[Denny Crane]

20 years ago, I'd agree. Not trivial to earn 6-8% anymore, at least as far as I know.

There are relatively safe 6% return investments. Certain annuities pay that or more. Mortgage REITS are paying double that in dividends (but are riskier).