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Started By
Message
re: Average NBA player spends $42,500 a month
Posted on 10/24/16 at 8:50 pm to mizzoubuckeyeiowa
Posted on 10/24/16 at 8:50 pm to mizzoubuckeyeiowa
quote:
How do you spend this much on Uber?
Athletes have this bizarre fascination with having a large "entourage" of family, friends, staff, and random flunkies that follow them around every time they go out. They typically are picking up the tab for like 50 people at a time no matter where they go.
The moochers mooch and they waste their money in a sad attempt to impress people with what a balla they are.
I remember once reading an article that Shaq was paying like 4K a month in cell phone bills because he was paying for hundreds of accounts for all his peeps.
This post was edited on 10/24/16 at 8:51 pm
0
Posted on 10/24/16 at 8:55 pm to TH03
quote:
Oh man that income tax on $5 million is really killing them.
I hope you're joking
5 million x .4 x state income tax = a lot of fricking money they lose to taxes
Posted on 10/24/16 at 8:55 pm to LandonC
I doubt some guys getting a 10 day contract are skewing the information that much. The bankruptcy number is 60%. Lets say we dump out the small 10 day contracts or the guys who are in and out in a year, I think its safe to say the number is still at least 50%.
Look at the expenses of these people. That 42k a year is around half a million a year. Average salary is 5 million. After taxes and agent costs, we can call that 3 million. These are conservative numbers because we are just basing this off the 50 guys that signed up for the study. These guys probably realize whats at stake and their spending habits are probably on the lower side.
Look at the expenses of these people. That 42k a year is around half a million a year. Average salary is 5 million. After taxes and agent costs, we can call that 3 million. These are conservative numbers because we are just basing this off the 50 guys that signed up for the study. These guys probably realize whats at stake and their spending habits are probably on the lower side.
Posted on 10/24/16 at 8:57 pm to SPEEDY
I love when people assume investments = you automatically produce profits. Many investments fail, don't make money, or lose money. Not to mention if your investment does produce profits, you've got to take out taxes and you have to beat inflation.
Posted on 10/24/16 at 9:00 pm to TheOcean
Thats the sad thing about this whole ordeal. Their 'investments' plenty of times are friends and family dumping their money into dumb shite(real estate, restaurants, etc). Theres always some uncle that has great ideas for their money
Posted on 10/24/16 at 9:03 pm to Jones
Sign of no home training growing up.
Posted on 10/24/16 at 9:10 pm to Jones
Exactly. Even if these guys let "professionals" invest for them it's still a crapshoot. Now if everyone was pulling in Lebron money they could just invest in T bills and call it a day
Posted on 10/24/16 at 9:15 pm to TheOcean
When there morons start talking about privilege and other "social injustices"... Just remember these guys spend as much in a month on junk than we make in a year...
Posted on 10/24/16 at 9:26 pm to TheOcean
And they still have a frick ton to waste. $5 million minus taxes is still WAY more than 99% of the country.
Posted on 10/24/16 at 9:27 pm to TH03
quote:
And they still have a frick ton to waste.
and thats exactly what half of them do
Posted on 10/24/16 at 9:28 pm to philabuck
quote:
How do they rack up airline costs like that? Does the team not cover traveling costs?
Fly in hoes off instagram to where they're playing.
Posted on 10/24/16 at 9:32 pm to Bench McElroy
Relative to what they make that's really not that much. Think about your actual monthly bill totals and extrapolate your income to 10 million dollars a year. Probably not far off.
Posted on 10/24/16 at 9:37 pm to Jones
I know, but that idiot is trying to act like they lose it all because of taxes
Posted on 10/24/16 at 10:05 pm to TH03
Half their money down the drain to taxes and then another fifth on monthly spending. Not to mention poor investing and a lack of income after basketball.
Posted on 10/24/16 at 10:06 pm to Bench McElroy
Not legit. Strip clubs not on list
Posted on 10/24/16 at 10:10 pm to Bench McElroy
You guys are fricking retarded if you think Express means the clothing store. It's clearly the payments on their AMEX cards.
Posted on 10/24/16 at 10:17 pm to 7thWardTiger
Well in the article it says the retailer. Im sure a good percentage of this list is paid for with a credit card. Why would they make a credit card company payment separate when everything they buy is with that card?
quote:
Express ($221,108)
Whole Foods Market ($73,113)
Neiman Marcus ($59,610)
Delta ($59,154)
LouisVuitton ($57,945)
IRS ($51,382)
American Airlines ($51,243)
Apple ($49,546)
Walmart ($45,902)
Mercedes-Benz ($44,835)
Target ($44,633)
Best Buy ($43,364)
Ally ($39,956)
Uber ($37,023)
Amazon ($36,990)
Posted on 10/24/16 at 10:33 pm to 7thWardTiger
quote:
You guys are fricking retarded if you think Express means the clothing store. It's clearly the payments on their AMEX cards.
From the San Francisco Chronicle article:
quote:
Their top merchants were Express (which signed Stephen Curry as a “brand ambassador” in late 2014), Whole Foods Market, ESPN, Neiman Marcus, Delta Air Lines, Louis Vuitton, American Airlines, Apple, Walmart, Mercedes-Benz’s finance arm, Target and Best Buy.
So who exactly is retarded?
Posted on 10/24/16 at 10:37 pm to slackster
quote:
Average NBA player spends $42,500 a month
That seems kind of low, the average OT baller spends like 42.5 million a month.
Posted on 10/24/16 at 10:47 pm to Bench McElroy
Target?? Wtf?
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