re: Glen Davis arrested on drug charges

quote:

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Sad thing is, of that 33 million he at best had about 10 mil after taxes, agents and support team and living expenses. More likely around 5 mil

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Whoa, Jethro! Generally I’m the one making that argument, but you went overboard. He probably paid about 45% in taxes after paying $1 million in agents’ fees (it’s not as much as you think) and about $200,000 per year in (extravagent) expenses. If he had an 8 year career that means he had $30 million in taxable income. That yields $16.5 million.

How opulently did he live? He should have lived on $200,000 per year. This would have left about $15 million. That yields an annual income of about $600,000 for the rest of his life.