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Lockout!!!

Cyrone Torbin said:
If you're a minimum contract journeyman/veteran I doubt you are buying a house. Car? I guess their a pretty big range in $ one could pay, but I would hope most minumum contract players aren't buying 250k car. For the sake of this though lets say they have a 75k car.

Start: 800k dollars

Then let's take some off for taxes.

450k dollars

Then Car I mentioned earlier

375k dollars

Now takes some $ off for the house they are probably renting. I have never rented a house before, so someone help me out with this. I'm going to say 10k a month for this example, that is probably too much, but idk. Obviously if you are in a lockout though you will stop renting this house and move into something cheaper.

255k dollars left

Food. You are in a lockout hopefully our unemployed scrub won't be doing too much fine dining.

245k dollars left

Child support, because you're baby mommas don't care you don't have a job. (Any bum fathers out there no how much this is?) For the sake of the example, I will say our scrub has 2 different kids he has to support

200k dollars left

Anyways, the purpose of this example is that anyone should be able to live off 800k without being employed for a year if they are responsible adults.
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I get that the operative word is 'responsible.' But just for fun, you left out:

Jewelry: Anywhere from 50 to 200K on this.
Clothes: Anywhere from 25K to 150K.
Party Expenses: Anywhere from 50 to 100K and up. The nightclubs they go to have bottle service and VIP sections. 5 grand is a typical tab in those places with groups involved. It adds up fast. Add wining and dining women to this total as well.
Entourages: Easily a 100 to 300K experience. Even if bills get passed around on the party nights with players, they still have plenty of broke friends who aren't kicking in for anything. Trips, gifts, "loans."
Investments: I'll leave this out, but I'd guess pro athletes get burned on investments at a high percentage.

I can't imagine an 800K guy is only dishing out 45K in child support, but that's whatever. Factor in several cars, not just one, gambling, vacations, money to the family. Toss in a divorce and it's pretty easy to see how pro athletes suddenly find salaries of 5mil straining the pocketbook.
 
billyshelby said:
I get that the operative word is 'responsible.' But just for fun, you left out:

Jewelry: Anywhere from 50 to 200K on this.
Clothes: Anywhere from 25K to 150K.
Party Expenses: Anywhere from 50 to 100K and up. The nightclubs they go to have bottle service and VIP sections. 5 grand is a typical tab in those places with groups involved. It adds up fast. Add wining and dining women to this total as well.
Entourages: Easily a 100 to 300K experience. Even if bills get passed around on the party nights with players, they still have plenty of broke friends who aren't kicking in for anything. Trips, gifts, "loans."
Investments: I'll leave this out, but I'd guess pro athletes get burned on investments at a high percentage.

I can't imagine an 800K guy is only dishing out 45K in child support, but that's whatever. Factor in several cars, not just one, gambling, vacations, money to the family. Toss in a divorce and it's pretty easy to see how pro athletes suddenly find salaries of 5mil straining the pocketbook.
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....nice observations! No wonder they don't want to settle for 50%!
 
billyshelby said:
I get that the operative word is 'responsible.' But just for fun, you left out:

Jewelry: Anywhere from 50 to 200K on this.
Clothes: Anywhere from 25K to 150K.
Party Expenses: Anywhere from 50 to 100K and up. The nightclubs they go to have bottle service and VIP sections. 5 grand is a typical tab in those places with groups involved. It adds up fast. Add wining and dining women to this total as well.
Entourages: Easily a 100 to 300K experience. Even if bills get passed around on the party nights with players, they still have plenty of broke friends who aren't kicking in for anything. Trips, gifts, "loans."
Investments: I'll leave this out, but I'd guess pro athletes get burned on investments at a high percentage.

I can't imagine an 800K guy is only dishing out 45K in child support, but that's whatever. Factor in several cars, not just one, gambling, vacations, money to the family. Toss in a divorce and it's pretty easy to see how pro athletes suddenly find salaries of 5mil straining the pocketbook.
Click to expand...

Yes, this might actually be true during times of employment. I doubt to many minimum wage guys roll like this though, especially when their is a lockout. Also, not all NBA players have kids.
 
Reality is after a couple of months some of these players might need money

there is a reason kobe et al if' i'm not msitaken where ready to loan guys money.
but hey a loan does not solve the problem. lost money is lost money
 
Cyrone Torbin said:
Yes, this might actually be true during times of employment. I doubt to many minimum wage guys roll like this though, especially when their is a lockout. Also, not all NBA players have kids.
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Never underestimate the bad choices 22 year olds make when they suddenly start getting 20,000 dollar checks every week. I would not be surprised if well over half the guys making 1mil or less (predominately under 25ers) have almost nothing in the bank account.
 
billyshelby said:
Never underestimate the bad choices 22 year olds make when they suddenly start getting 20,000 dollar checks every week. I would not be surprised if well over half the guys making 1mil or less (predominately under 25ers) have almost nothing in the bank account.
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Are they? I would think most minimum players are guys like Elson and Watson. Veteran players teams sign to fill out their roster and provide a stable locker room.

Also, I'm sure someone told these guys before the season ended "Hey, we are going into a lockout, be prepared.". It's not like this came out of nowhere. Are there some guys who are probably in bad shape? Yeah, but I doubt it's that many. Also, as a player, I wouldn't really care about the players who didn't manage their finances. I wouldn't take a bad deal just because a handful of idiots aren't able to manage their bank accounts.

Also, if you are in that bad of shape financially, go over seas. Don't worry about an opt-out clause. Just go sign a contract. If it really is that bad a situation for them, that is.
 
Cyrone Torbin said:
Are they? I would think most minimum players are guys like Elson and Watson. Veteran players teams sign to fill out their roster and provide a stable locker room.

Also, I'm sure someone told these guys before the season ended "Hey, we are going into a lockout, be prepared.". It's not like this came out of nowhere. Are there some guys who are probably in bad shape? Yeah, but I doubt it's that many. Also, as a player, I wouldn't really care about the players who didn't manage their finances. I wouldn't take a bad deal just because a handful of idiots aren't able to manage their bank accounts.

Also, if you are in that bad of shape financially, go over seas. Don't worry about an opt-out clause. Just go sign a contract. If it really is that bad a situation for them, that is.
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The average vet doesn't sign for the minimum. Lots of 1 to 2 mil-ish contracts for those guys. Under 1mil is predominantly young dudes.

You really overestimate these guys if you think someone telling them about a possible strike last year had much effect. With some I'm sure it did. But most, like you said, assume they can just go play overseas or that it will all get worked out. Most have contracts running into this year which bolsters their confidence. What most of those guys will find out is that there aren't that many jobs overseas. Even the ones they can get will pay dreadfully (and not support existing debts they might have already incurred.)

My point is it's not a 'handful.' You can't assume the common sense ordinary people would apply in making 500K to 1mil a year. These are kids, most of whom were dirt poor before they got rich overnight. That formula leads to bad choices 9 times out of 10.
 
Cyrone Torbin said:
Are they? I would think most minimum players are guys like Elson and Watson. Veteran players teams sign to fill out their roster and provide a stable locker room.

Also, I'm sure someone told these guys before the season ended "Hey, we are going into a lockout, be prepared.". It's not like this came out of nowhere. Are there some guys who are probably in bad shape? Yeah, but I doubt it's that many. Also, as a player, I wouldn't really care about the players who didn't manage their finances. I wouldn't take a bad deal just because a handful of idiots aren't able to manage their bank accounts.

Also, if you are in that bad of shape financially, go over seas. Don't worry about an opt-out clause. Just go sign a contract. If it really is that bad a situation for them, that is.
Click to expand...

They were supposedly warned years in advance that the lockout was coming. We'll see which players acted accordingly.
 
billyshelby said:
The average vet doesn't sign for the minimum. Lots of 1 to 2 mil-ish contracts for those guys. Under 1mil is predominantly young dudes.

You really overestimate these guys if you think someone telling them about a possible strike last year had much effect. With some I'm sure it did. But most, like you said, assume they can just go play overseas or that it will all get worked out. Most have contracts running into this year which bolsters their confidence. What most of those guys will find out is that there aren't that many jobs overseas. Even the ones they can get will pay dreadfully (and not support existing debts they might have already incurred.)

My point is it's not a 'handful.' You can't assume the common sense ordinary people would apply in making 500K to 1mil a year. These are kids, most of whom were dirt poor before they got rich overnight. That formula leads to bad choices 9 times out of 10.
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I can see 1st round lottery picks blowing all their money, because they assume they are going to get resigned because of their skill level. Most minimum contract guys are extremely lucky to be in the league and probably don't treat money as loosely as their more secure counterparts.
 
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