Former NBA Star. Caught panhandling.

[A_A_G]

I think it is fucked that they give big money to idiots that have no financial sense. Throwing a ball doesn't give one life sense. The players should be forced to invest 50% of their salary in a fund that begins to disperse upon retirement, as well as classes that teach them how to budget.

Would you be ok if your employer forced you to invest 50% of your money?

[71chevellejohn]

It doesn't have to be government directed. The NBA could easily mandate that a percentage of a player's salary is automatically placed into a pension of some sort that starts annual payouts upon leaving the NBA.

It may have been implemented after Iverson entered the NBA, but the NBA and NFL both have rookie seminars that are mandatory. They cover the basics of handling the media and I believe an entry course on finances/money management. Nothing is automatic, but there is an effort made by the leagues to try and prevent broke-dick ball players.

[Sean88gt]

What's up big government?

Man I'm all for letting people stimulate the economy with their massive pay day!!!

Where did I say anything about the government?

[GrayStangGT]

Net worth of $650MM!

Last I read he was worth a billion. He makes stupid money off of Jordan shoes.

[UserX]

Mo' money, mo' problems.

[Nash B.]

And when he gets that pay check he'll be broke again when he's 60. That's why it's important to also get an education in college.

How much of the issue is education and how much of it is intelligence?

[Chili]

What's up big government?

Man I'm all for letting people stimulate the economy with their massive pay day!!!

It doesn't have to be government directed. The NBA could easily mandate that a percentage of a player's salary is automatically placed into a pension of some sort that starts annual payouts upon leaving the NBA.

[CJ]

And when he gets that pay check he'll be broke again when he's 60. That's why it's important to also get an education in college.

[Ruffdaddy]

I think it is fucked that they give big money to idiots that have no financial sense. Throwing a ball doesn't give one life sense. The players should be forced to invest 50% of their salary in a fund that begins to disperse upon retirement, as well as classes that teach them how to budget.

What's up big government?

Man I'm all for letting people stimulate the economy with their massive pay day!!!

[David]

30 for 30 had a good episode on broke athletes. Some of those fuckers are still pay check to pay check employees.

[mstng86]

They talkin bout practice?

investment practices

[Mike]

They talkin bout practice?

[Sean88gt]

I think it is fucked that they give big money to idiots that have no financial sense. Throwing a ball doesn't give one life sense. The players should be forced to invest 50% of their salary in a fund that begins to disperse upon retirement, as well as classes that teach them how to budget.

[Baba Ganoush]

Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.

Yeah, no sympathy for someone that irresponsible.

[Mach1]

He has a bright career in porn ahead of him if he would apply at this site.

www.dogfart.com

oh my god, that place is crazy! I didn't know such a thing existed!!