re: NBA rookie puts first $4.5M into a trust for 3 years

quote:

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The wording is funny.

He is putting his 1st year salary into a trust that is good or 3 years? Or is he putting his first 3 years salary into a trust? How long before the trust can be executed? What are the terms?

Is that $4.5m a year? If so, does he not pay taxes?

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I read it as he is putting his first year salary into a trust that can't be touched for 3 years. I know trusts can be set up in all different ways. And he is going to be living off of his endorsement deals during this rookie season. And it also said "most of" his rookie year salary, not all of it. So I assume someone smart enough to stash money away into a trust, which would involve lawyers and accountants, would also talk with them about his taxes and have that planned out as well.