NBA finance 101

31 01 2008

With an average salary of $5.36 million, NBA players get paid a pretty penny to shoot hoops. Nevertheless, according to one estimate ’60 per cent of retired NBA players go broke five years after their NBA paycheques stop arriving’. This statistic should come as no surprise, really. Just take a look at Shaquille O’Neal‘s monthly expenditure (including a $24,300 gas bill). Reminds me of what PR genius and Gold Club patron Patrick Ewing said during the 1998 lockout: ‘We might make a lot money but we spend a lot of money, too. ‘

Via Truehoop and B-boy.

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