Jun 24 2010
John Wall at Madison Square Garden for the 2010 NBA draft

Ask a 2010 NBA Rookie: First Paycheck? House, Car, or Nothing

Tonight at Madison Square Garden, 60 childhood dreams will be realized at the 2010 NBA draft. For a minute, let’s put aside the chance they have to play basketball on a professional level, and talk about the twin benefit: someone is about to get paid! Financially, becoming a professional athlete forever changes the lifestyle of a few, and gives a brief glimpse of an ‘upgraded’ lifestyle to others.
Yes, it could brief. If you don’t manage your money, it will find a home in all kinds of unproductive places: newly extended family and entourage support, bad investments - both personal and Madoff. It’s not called the NBA lottery for nothing, it’s just like hitting one, with the exact same concerns.

Let’s not get all Suzie Orman on the first night. There is some fun (and needs) to be had with a freshly stacked bank account.

Skeets and Tas of The Basketball Jones asked a handful of NBA rookies what they are going to do with their first paycheck. I guess the answer is the same every year, because they bet it would be: house, car, or nothing. The rooks fell right into the pattern.

Check it out.

 

Tagged: Athletes

☼ What's Your Opinion? ☼

1 SEXY 1 Wed, Jun 30, 2010 - 10:58 pm

WHY YOU LOOKIN SO STUPID YEAH YOU’LL BE BROKE YOU WILL BLOW YOUR FIRST NBA CHECK CHASIN COOHIE YOU COCK SUCKA.

2 bin Sat, Aug 21, 2010 - 3:02 pm

how bout house and car???

3 NBA analyst Fri, Sep 17, 2010 - 1:39 pm

I use to have a tremendous amount of respect for John Wall… watched him grow up displaying the most dominant high school game since KG… Now, he has yet to play an official NBA game and has already called out President Obama as his “homeboy” saying he wants an invitation to play at the white house. Since he entered the league i have not seen 1 ounce of humbleness in who i use to think was a fantastic talent. I wish you well John Wall, but i hope you grow up as well.

4 rr Sat, Feb 19, 2011 - 12:37 am

HES GONNA GO BROKE WHEN HE RETIRES

5 kiwanna Tue, May 17, 2011 - 11:26 am

john wall you is a good player to me sp poeple say your not but i don’t care what they think this is what i think so

6 nicegirl Tue, May 17, 2011 - 11:27 am

OMG YOU IS THE LOVE OF MY HEART

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