Re: 2012-13 NBA Random Thoughts Thread IX: Ode to Joy
Interesting proposal on how to keep players from going broke. Instead of guys making X million a year, everybody makes $500k, then the rest of the contract is put into an annuity they get for the rest of their life. It's overkill, players can obviously do this by themselves, but it is a shame how quickly a lot of these guys go bankrupt. I'm not sure I wouldn't do the same thing if I'd become a millionaire at 20 years old.
Interesting proposal on how to keep players from going broke. Instead of guys making X million a year, everybody makes $500k, then the rest of the contract is put into an annuity they get for the rest of their life. It's overkill, players can obviously do this by themselves, but it is a shame how quickly a lot of these guys go bankrupt. I'm not sure I wouldn't do the same thing if I'd become a millionaire at 20 years old.
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