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AU_251
Duke Fan
The Lorde's House
Member since Feb 2013
8107 posts

re: Steph Curry takes home only 44% of his $34.6m salary
honestly, agents must just laugh all day. Like, i'm sure most players could do what they do...


Weagle25
Auburn Fan
THE Football State.
Member since Oct 2011
37107 posts

re: Steph Curry takes home only 44% of his $34.6m salary
There's also more to being an agent than negotiating their NBA contract


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Weagle25
Auburn Fan
THE Football State.
Member since Oct 2011
37107 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Because Lebron is just an everyday NBA player right?


TigerStripes06
Houston Astros Fan
SWLA
Member since Sep 2006
29006 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Must be tough.


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LNCHBOX
LSU Fan
70001
Member since Jun 2009
54977 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Because Lebron is just an everyday NBA player right?


Was Tim Duncan?


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slackster
Stanford Fan
Houston
Member since Mar 2009
57996 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Only $18K into his 401K? Those are rookie numbers

Well this guy outed himself as poors


It's funny because people ITT are acting like $18k, $18.5k, or $19k is the maximum.

It isn't, and Steph should absolutely be putting in more.

ETA - I'm sure he is putting in more. These numbers are just some goofy back of the napkin calculation.
This post was edited on 5/16 at 9:30 am


Bunk Moreland
Michigan Fan
Detroit, MI.
Member since Dec 2010
24757 posts

re: Steph Curry takes home only 44% of his $34.6m salary


TthomasJR
Houston Astros Fan
Houston, TX
Member since Sep 2006
16691 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Slack, wut?

How much do you think he can put into a 401k?


hiltacular
Georgia Tech Fan
CHI
Member since Jan 2011
15050 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Why even include the 401K contribution in a summary like this?


TthomasJR
Houston Astros Fan
Houston, TX
Member since Sep 2006
16691 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Why even include the 401K contribution in a summary like this?



Millionaires gotta save for retirement too, lol


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PT24-7
Member since Jul 2013
2589 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

I'll never understand how he isn't allowed to have political or social opinions because he's great at basketball.

Bet you want it both ways.


?

Who said he's not allowed to have opinions?


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slackster
Stanford Fan
Houston
Member since Mar 2009
57996 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Slack, wut?

How much do you think he can put into a 401k?


$55,000 in 2018 and $56,000 in 2019.

Supposedly the NBA matches 140% of a player's contribution, so in 2019 that's another $26,600. Steph's contribution would be $19,000, leaving him the ability to contribute $10,400 of after tax money, if the plan allows.

After tax contributions don't make sense for everyone in every situation, but they very likely do for an NBA player. They're handled through payroll deductions just like a regular contribution, and if you're going to include traditional contributions in a graphic like this, after tax deductions make sense to include as well.



BCMCubs
Chicago Cubs Fan
Durango, Colorado
Member since Nov 2011
21007 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Because Lebron is just an everyday NBA player right?


At this point, yeah.


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11
slackster
Stanford Fan
Houston
Member since Mar 2009
57996 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

Bruh.
IRS 401(k) limits.


I know what the limits are.


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Kracka
North Carolina Fan
Grand Isle, Louisiana
Member since Aug 2004
36919 posts

re: Steph Curry takes home only 44% of his $34.6m salary
What is the escrow for in that? I know what escrow is for with my mortgage, but what is it for in contracts like that?


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dawgfan24348
Georgia Fan
Cumming, Georgia
Member since Oct 2011
34481 posts

re: Steph Curry takes home only 44% of his $34.6m salary
100 bucks says you never been to San Francisco. Nice place to visit and if you can afford to live in the best spots then you got it made


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yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6876 posts

re: Steph Curry takes home only 44% of his $34.6m salary
Don't they have to pay taxes in each state they play in and their income is based on the contract value broken down by games and how many you played in X state?


yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
6876 posts

re: Steph Curry takes home only 44% of his $34.6m salary
it appears they have a defined benefit plan, I'd doubt they also have a defined contribution plan/401k. From my experience they most likely would utilize a SEP IRA which is $56k max contribution.


slackster
Stanford Fan
Houston
Member since Mar 2009
57996 posts

re: Steph Curry takes home only 44% of his $34.6m salary
quote:

it appears they have a defined benefit plan, I'd doubt they also have a defined contribution plan/401k. From my experience they most likely would utilize a SEP IRA which is $56k max contribution.


They've got both.

Benefits in Collective Bargaining Agreement


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ZIGG
Member since Dec 2016
3486 posts

re: Steph Curry takes home only 44% of his $34.6m salary
and it’s thanks to the Democratic Party. It’s nothing more than legal theft to take THAT large of a percentage and the sad thing is to them it’s still not enough. If they truly had their way it would be closer to 80-90% taxed.

Punishing people for being financially successful in life is disgusting.


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