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Allen Iverson lived beyond his means and Antoine Walker was an out of control gambler.
Many players invested in real estate and lost like crazy (See Rick Mahorn and Dr. J)
but one looks at someone like Brandon Jennings who purchased a Ford Edge
with his rookie contract money and not all players are dumb. The rookie
contract scale for first rounders goes from near $4 million for #1 down to
$827,000 for pick #30 over the first two years with an option between years two and
three. One figures a 33% tax rate with agent costs and such and a sizable chunk
of money goes away. The NBA is at least better about the money than the NFL.
The problem is the vast majority of NBA players are broke within 5 years of finishing their career no matter how much they made. See Allen Iverson and Antoine Walker both of who made over $100 million in their career yet are now broke. Hopefully X has more smarts than that but based on the average outcome of NBA players I wouldn't bet on it.
Julian Wright is not out of the game. He is on the Krasne Krilya Samara Russian
Pro League Team with Aaron Miles of all people. They play CKSA Moscow
which has Sasha Kaun. The salaries in Russia are higher than other
Eurobasket League countries but a little bit lower than the NBA league
minimum of $473,000 which is what both Tyshawn Taylor and Jeff Withey
will make this season.
I'm glad some of you can throw away $6m for a shot at $12-$20m....guess even now you've got bids in to buy the LJW. Because another scenario is he gets hurt and is so-so the next year in college and eventually ends up another upper classman that had some skills and potential. Take the NBA $6, put it in the bank and then like some have pointed out, go play overseas and make some more. Bank it when you can.
I watched Xavier play against the Thunder a year ago in OKC. He and Daniel Orton are both
from OKC High Schools. In spite of all the hating by the couch coaches can one
imagine the thrill of playing for an NBA team in your home town? If these players
weren't used as trade commodities for salary cap reasons they'd develop longer with the
same teams. Marcus Morris, Cole Aldrich, and Thomas Robinson were all used as trade
commodities in the last year. From a wider perspective the last NBA Labor agreement
created this situation where the owners acting like Mitt Romney don't want to deal with
guaranteed rookie contracts which were created during the previous labor stoppage of
the late 1990's so they just ship the players around like salary credits and don't worry
about developing the players. If one goes back to when high schoolers went to the NBA
one can remember Jermaine O' Neal who sat behind Rasheed Wallace and Arvidis
Sabonis until his time came and then he was quite the player with the Pacers.
Kobe didn't blow up immediately either. Besides is going overseas really that bad?
they pay better over there than any borderline end of the bench job in the NBA
and young men have their minds opened to other cultures and gather worldly
knowledge. Sasha Kaun is a millionaire many times over from playing
for CKSA Moscow with players like Andrei Kerilenko and Nenad Kristic.
Keith Langford played with CKSA and Maccabi Tel Aviv and Russell Robinson
has done good for himself as has Jacob Pullen in the Georgian Republic.
If you're mad about Xavier start looking at the 2014 NBA Mock Draft.
KU has four players in the first round. Even Perry Ellis which was a shock to me.
KU is about to be like Kentucky.
At one level I have to agree with bwag. X was projected to go high in NBA draft after his freshman season. It was a no brainer from the financial stand point. On another level, even one more year of "seasoning" and conditioning may have better prepared him for the next level, but why risk a career ending injury for one more year? He made the right decision.
The guy has made about $6 million in 4 years. Assuming he's had any sense at all you cannot call that a bust. If only my post college years had been such a bust.
Xavier is just another example of a one and done who will fail in the NBA. He was good in college but he wasnt outstanding. Another year or two and he would have been much better prepared to handle the pro game. What a waste. He'll be out of the league in 2 years. Or at least playing overseas.
Xavier Henry is a young man that didn't need the money and jumped too soon to the NBA. He should have stayed in college, worked on his game, got stronger, and got a degree because you can hurt your knees to the point they can't play ball anymore. Then he should have gone pro. He read too many of his own press clippings.
"College recruiters, by the way, cannot evaluate players at practices at Lyle’s Huntington Prep, Yahoo!Sports has reported. The NCAA has declared Huntington Prep and Findlay Prep in Nevada off limits at this time because they have been classified as “non scholastic.”
Since when has college ball or one-and-done-ism been about scholastics? It's a surprise these coaches and "student-athletes" aren't tripping over their noses.
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