NBA life expectancy is 4.7 years, 60% of players go broke?

[Inferno]

Was reading an interview with CJ McCollum and he said this:

Q: Speaking of statistics, a lot of guys in your situation, coming from a smaller school, might be out to prove people wrong but you've said that's not your approach. You play for yourself, you play for your family and "you've got to beat the 4.7 years." What does that mean?

A: "The average life expectancy in the NBA is 4.7 years and 60 percent of us go broke when our careers are over. And all of that is in the back of my mind. I don't want to be broke; I want to be in a situation where I can provide for my family generation after generation. So want to do what's necessary on the court but I'm also going to put myself in a position to where I can utilize my degree and kind of take advantage of this opportunity. Basketball is a great game and I love it to death but I realize you can't play forever. There comes a time where you've got to put the ball down and you need to have a backup plan and have life in perspective. And I understand my purpose and what I'm going to do with it."

http://blogs.trailblazers.com/Broadc...4/Default.aspx

Well damn. CJ's really growing on me. He's a well-spoken and smart guy. Those 4 years in college (and degree) can really help him later on...


Unlike Dwight, who'll probably go broke from all of that child support once he's retired

[1~Gibson~1]

Whats his degree in?

[Inferno]

Whats his degree in?

Journalism, I think.

[AngelEyes]

Was reading an interview with CJ McCollum and he said this:
http://blogs.trailblazers.com/Broadc...4/Default.aspx

Well damn. CJ's really growing on me. He's a well-spoken and smart guy. Those 4 years in college (and degree) can really help him later on...


Unlike Dwight, who'll probably go broke from all of that child support once he's retired

"you need to have a backup plan and have life in perspective"

Not if you're a star and you make 100 million dollars in your career, you just have to refrain from being a complete retard and not blow your money on stupid shit.

[Inferno]

"you need to have a backup plan and have life in perspective"

Not if you're a star and you make 100 million dollars in your career, you just have to refrain from being a complete retard and not blow your money on stupid shit.

That's true

But 60% of players either aren't starts or can't manage their money

[AngelEyes]

That's true

But 60% of players either aren't starts or can't manage their money

Yeah but what's the average salary in the NBA? Isn't it like 5.5 million dollars or something? If you earn a salary like that for a few years you're in very good shape. You just have to learn to say no to people and not buy things you obviously don't need, i.e. movie theater in your fucking house or a goddamn jet.

[senelcoolidge]

60% go broke. These guy get a free ride to a college degree. You know how many people would love to have a full paid scholarship. Dumbasses. Well we know Dwight will be part of the broke statistic.

[Brook(lyn)Lopez]

"you need to have a backup plan and have life in perspective"

Not if you're a star and you make 100 million dollars in your career, you just have to refrain from being a complete retard and not blow your money on stupid shit.

Tell that to Iverson.

[sc19]

And most if not all of them are black. SMH my fellow people.

[longtime lurker]

"you need to have a backup plan and have life in perspective"

Not if you're a star and you make 100 million dollars in your career, you just have to refrain from being a complete retard and not blow your money on stupid shit.

Even stars go broke. Just ask Iverson and Pippen.

[chosen_one6]

Let's be honest here, the majority of players in the NBA are black and come from areas that are not exactly wealthy. They don't have people in their lives (personally speaking) that know how to deal with money or invest it. 4.7 years comes out to 24-27 years old for when most of these players drop out of the NBA. These guys are in their prime physically and they've got all of this money. It's very hard for someone at that age to take a step back and invest or go back to school instead of f***ing as many women as possible and buying houses and cars.

[Goldrush25]

Tell that to Iverson.

I actually read somewhere that one of Reebok set aside a "rainy day" fund up for him that he can't touch for another 20 years or so, but it's worth more than $30 million.

Here's the article. http://www.celebritynetworth.com/art...uch-till-2030/

[AngelEyes]

Even stars go broke. Just ask Iverson and Pippen.

They go broke because they spend they're money like morons, as I previously mentioned.

[AngelEyes]

I actually read somewhere that one of Reebok set aside a "rainy day" fund up for him that he can't touch for another 20 years or so, but it's worth more than $30 million.

Here's the article. http://www.celebritynetworth.com/art...uch-till-2030/

"In 2008, ESPN ranked him as the fifth best NBA player of all time behind George Gervin, Jerry West, Kobe Bryant and Michael Jordan (in that order)."

This was actually in the article. Are these writers idiots or just lazy?

[FKAri]

"In 2008, ESPN ranked him as the fifth best NBA player of all time behind George Gervin, Jerry West, Kobe Bryant and Michael Jordan (in that order)."

This was actually in the article. Are these writers idiots or just lazy?

Probably were ranking SGs.