http://www.espn.com/nba/story/_/id/2...-take-home-pay
Amazing how 28.5 gets pared down to less than 15. Yeah I know it is still a good wage, but interesting numbers on where it goes.
http://www.espn.com/nba/story/_/id/2...-take-home-pay
Amazing how 28.5 gets pared down to less than 15. Yeah I know it is still a good wage, but interesting numbers on where it goes.
Wait, Curry gets paid more (gross) than LeBron? That doesn't seem right.
But his take home is greater and tops in the league( right now).
Makes me think of lottery winners. They get the $100M win, but then take a ~$60M lump sum, then get the ~33% federal tax hit (~$20m), state (varying %) ~$6M, knocking that $100M down to $34M pretty darned quickly.
I'd still take it, however
I'm sure you could handle the remaining years with proper estate planning.
These young players make more money in one season than the average American makes in a lifetime.
Just imagine a good coach (Donovan, Tyronn Lue, Rick Carlisle) whose job it is to critique some of these young millionaires; how do you approach, what do you say to these guys when the very person you coach makes 5 or 10 times your salary?
You get on a super players' bad side as a coach, you could get your pink slip & final pay off of your salary the next morning.
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