Yang Yi: Even if you earn hundreds of millions of dollars, it is not enough for the NBA people to spend?

The league is booming, with a maximum salary of 70 million yuan a year, and the full middle class is 14.1 million yuan. The 19-year-old new top pick Flag had already locked a starting salary of 13.8 million yuan without playing. Charles Barkley once criticized black Americans for only wanting to train athletes and never wanting to train mathematicians or physicists. What should we do if we do this forever? Now it seems that Ba Xun's heartbroken heart is vulnerable to the direction of real money and silver. The javelin he threw can only stab the scarecrow he presets, and it cannot truly hurt the hearts of the tribe.

Just lifting up a corner of the dazzling and beautiful carpet, maggots can still be seen twisting. According to news a few days ago, Ariza finally went bankrupt.

Except in the Rockets' dream of a certain year, Ariza has never been a top expert and has not caught up with the best time, but he is a qualified rotation player. He has played in the league for 18 years and his contract book revenue exceeded 116 million. The bankruptcy of Ariza at 39 is news, but it is not too surprising. A few months ago, he had submitted relevant documents to the court, explaining the current hardships of life and begging the court to reduce the cost of child support.

Ariza is not the first NBA player to go bankrupt and it doesn't seem to be the last one. The data given by Sports Illustrated Research in 2008 was that 60% of NBA players would go bankrupt within 5 years, and the situation in the NFL would only be worse. 78% of players were already bankrupt or in financial difficulties after retirement two years.

It is obvious that the money NBA players get is not as much as they show on the books, but even after deducting taxes, broker share, etc., they can get at least about 40%. Based on Ariza's revenue of over 100 million yuan, 40 million income is still not a small amount. Consistent with the bankruptcy of many rich people, the main paths for players who once had a lot of income were still two: one was investment and the other was divorce.

There have long been arguing about the poverty caused by investment. The rich second generation with strong career aspirations is far more dangerous than the rich second generation who are rich. Or it is difficult for people to make money beyond their perception. Most of the professional fields of NBA players are still in basketball. If they want to invest with the money they earn from playing basketball, it is difficult to avoid being trapped in the roots.

The main direction of NBA players' investment is real estate or private equity funds. They generally use more than 50% of their assets to invest in private equity funds, more than 15% of their assets are invested in real estate, and the remaining 5% is allocated to publicly issued securities. Although it is difficult to empathize with billionaires, I believe some readers have a deep pain in how real estate investment can quickly destroy their wallets. The well-known bankruptcy scholar Anthony Walker earned 108 million yuan in his career and eventually went bankrupt mainly because of the failure to invest in real estate. In terms of private equity investment, the most attractive things in the past were those beautiful creative projects and the high returns claimed by these projects. Players invest in inspirational movies that "will definitely sweep the world", "won't miss" rock-themed cafes, beauty technology that "let oxygen fully absorbed by the skin", and pop-style T-shirts that "occupies the fashion highland and triggers a craze"... Like Glenn Rice, he basically spent all the 67 million he earned in his career with smart investment.

Contemporary players may be more keen on investing in Silicon Valley high-tech. Now we have the news that they have all succeeded, but simple logic tells us that this universal path to wealth cannot exist. News such as "Iguodala led NBA players to succeed in venture capital in the field of high-tech" may take time to truly evolve into a classic success story of Magicians making a fortune through physical investment after retirement.

FTX, the second largest cryptocurrency trading platform in the world in 2022, burst, and celebrities such as Tom Brady, Stephen Curry, O'Neal are their spokespersons and shareholders. Curry and O'Neal said in an advertisement filmed for FTX: "I am not an expert in cryptocurrency, nor do I need to be, because of FTX, I have everything to buy, sell and trade cryptocurrencies safely." After the platform collapsed, spokespersons were also involved in class action lawsuits. As for how much they have lost in this investment, it is still unknown whether they only pay for people but not money or both. Many celebrities and their teams later said that they did not invest their funds in FTX, but some industry experts said: "Even if every celebrity invested in FTX, they are embarrassed to admit this fact now." What's more, if FTX is as good as these celebrities said when promoting it, but they did not invest a dime, some of the internal logic in it might be even more terrible.

Of course, players do not always do it themselves when investing, and it is common for them to let their relatives and friends perform specific operations. But the intimate relationship you are in is not much better than you. In 2001, NBA defender Stretland invested in real estate at the suggestion of a "close friend" and so he asked his business manager, his father Matthew, to do the business. Matthew, who was a lieutenant colonel in the Air Force, checked the relevant documents and sold the house for 1.8 million and was valued at 3 million. This business can be done. Stretland paid the money, but of course it was a big loss. The lesson he learned was that "You can't blame your father because he really doesn't understand." Another point is: in the face of money, friendship is not reliable, and he secretly took a kickback from it. Shohei Otani has a similar case, of course the situation is a bit different. Yutan's translator and close friend, Ichipei Suwahara owed 4.5 million yuan in gambling. Suwahara said that Yutan helped him pay off the gambling debt, but Yutan said that Suwahara misappropriated his account and he was completely unaware of it. If it is the former, Otani will be ruined, because it can be said that Mizuhara is your white glove for Otani gambling. If it is the latter, Otani is a model of being cheated by people around you.

Friends and friends are not reliable, so professionals should be fine. In fact, when you have a lot of money and know nothing about financial management, those professionals who are close to you are often even more terrifying.. Scott Pippen lost 25 million to invest in financial institutions. It took 9 million yuan for Jabbar to realize that the financial adviser Tom Collins, who is around him, is a liar. Mark Jackson found a business manager he thought he could trust, but his buddy forged Jackson's signature and wrote a check to gamble, which cost an estimated 2.6 million yuan. Jackson suffered from the double pain of money loss and self-doubt: "I think I am quite an expert." Howard was cheated of 7 million by Calvin Darden, saying that he was going to acquire the WNBA team. Chandler Parsons was also cheated by the same person, but it is hard to say whether he was deceived. After all, the project he invested in was the career development of former Warriors Tanhua Show Wiseman.

Tim Duncan, who looks a little like a cultural person in the NBA, was also deceived by his own economic adviser, for example, he guaranteed a loan of 6 million yuan to a sports and entertainment company, and the company was on the verge of bankruptcy, and the boss was the economic adviser. Duncan found out the problem after changing to an economic adviser and recovered 7 million, but the total loss was estimated to be 25 million. Richard Jefferson also found professionals to manage his own finances through an agency, giving him 250,000 yuan a year. So the experts took away a total of 6.99 million yuan from Jefferson's property from 2004 to 2013. Mike Miller, Lewis and Jones, 2013 Heat champions, were also involved in a financial fraud case. Miller was cheated of 1.7 million yuan. It is said that this liar was recommended by the Heat staff. My buddy also used 700,000 yuan of it to buy the Heat season tickets, which may be a kind of reward.

The impact of investment may not be that fast, and the efficacy of divorce is much faster. According to statistics, 75% of NBA players divorced after retirement. As for why that is another story. As we all know, divorce in the United States is very expensive. Jordan paid 150 million yuan in divorce that year, setting a record for the highest divorce cost in the cultural and sports industry at that time. Jordan's agent David Falke later became an expert in prenuptial agreements. It is difficult to tell whether it has anything to do with this matter. Divorce or child support is also expensive. Players do not like family planning, and the historical scars of enslaved rubber plantations in the South may also make them instinctively oppose rubber products, which in short causes them to show mercy and seeds everywhere. They are still rich when giving birth, but it is not necessarily true when raising children. Former champion Bulls member Jason Kafi earned 29 million in his career and gave birth to 8 children with seven women. Bankruptcy is not his final outcome. Kafi ended up in jail for owing 200,000 yuan in child support for one of the children. In 2018, Griffin will pay a total of 50 million yuan in child support for the illegitimate child for 258,000 yuan per month for 2016 years, and pay 30,000 yuan per month after reaching an agreement. The ex-girlfriend also has a child with another athlete and can also receive child support, which can be said to be very professional. At this time, you should praise Howard's wisdom. He does have many children, but he is "herself" and focuses on spending less money on one company. At the same time, you should also think carefully about what the future of Edwards will be.

Ariza's bankruptcy is related to supporting the child. He also divorced. He has to pay 14,000 yuan in child support from his ex-wife, 1,000 yuan in child support from his son, and 4,000 yuan in a divorced spouse, which is 28,000 yuan. Ariza is very restrained in giving birth, but his bank account balance is minus $230,000 and the property value is minus $4.7 million. It is really difficult to not go bankrupt.

Although bad habits such as squandering, pornography, gambling, and drugs are difficult to lead to the bankruptcy of the rich, these depravity stories usually make us grass people find a sense of moral superiority. If there is really no causal reincarnation in this world, life will be so fucking sad. Iverson likes to bet and has to bring 50 entourages when going out. While spending money like flowing water, child support is also indispensable. In 2012, AI confided to a judge in Georgia that he was penniless and unable to repay the jewelry debt of $860,000. It should be noted that my buddy's salary alone is 154 million yuan, and the endorsement fee is 30 to 50 million yuan. Pippen spent 4.3 million to buy a private plane, but it was scrapped soon after it flew. Sprayville, who had a three-year, 21 million contract, was not enough to support his family, raised a yacht, and was finally confiscated by the bank and mortgaged the debt. As soon as he returned home, the bank cried again, and the bank took his house. Boxing champion Tyson earned $400 million in his career. He once made 30 million in one fight, but went bankrupt in 2003. Relevant documents show that Tyson was having a hard time. He spent $400,000 a month to raise his pet White Tiger, pay attorney fees, and rent a luxury car.

As for Ariza, in addition to paying support, there are 37,000 fixed expenses per month, including mortgage loan of 18,850, house maintenance fee of 458, health care 2,000, grocery fee of 2,000, water and electricity fee of 1,000, mobile phone fee of 600, laundry fee of 500, clothing fee of 500, education fee of 2,000, car fee of 4,300, and car loan of 3,300.

This is the case. Ariza said that he has no job and no income, and can only live by spending pensions in advance. He has not paid taxes since 2022. Then he still has to live a living standard of the Rockets holding the ball and the core? Calculated based on 40% of the income, only salary income, not talking about endorsement, Ariza's career totaled 46 million yuan. According to Ariza's current monthly expenses, it will take 59 years to spend... So there may be only one conclusion: never empathize with the rich, even if he is a bankrupt rich man.

As for why we took this path, it is not difficult to understand. NBA players have an average career of less than 5 years. They made a fortune when they were very young, retired before the age of 35, and then lived for 45 years at the age of 80. Perhaps because they are too young and only know how to play basketball, they cannot realize that this wealth is indeed a lot, but they have to support their next 45 years of life. When a lot of wealth appears somewhere in an open way, a bunch of people will come to them, including their family, friends, sisters, younger brothers of elementary school classmates, and they also want to get a piece of the pie. It is said that Pippen has to support 30 families, plus those agents and financial consultants who are always ready to suck blood. Everyone around you will only nod and agree. No one will tell you that the service fee behind buying 15 cars will cost 5,000 yuan a month, and 100,000 yuan taxes.

Like Barkley met a good person. He bought three or four cars when he first entered the league, but his mentor "Dr. J" Owen warned him not to over-consuming it. Dr. J said: "Chuck, you have to spend all your life. Everyone knows who you are. You drive a Kia, they know it is Charles Barkley. You drive a Mercedes-Benz or Rolls-Royce, they know it is Charles Barkley."

But relying on others is never as good as relying on yourself. They were indeed a child, but they would also grow to 30 years old. They have the opportunity to learn, but they didn't. The history of NBA players is very close to winning the lottery, but life is not without giving them enough time to adapt and study.

Of course, it is unfair to say that these players have suffered from uneducated losses, and it is not fair to never learn anything in their entire lives. In 2021, 18 former NBA players followed suit through their own experiences. They forged invoices to defraud about 4 million from the NBA health and welfare program, of which Kenyon Dulin was fined and confiscated 450,000, Alan Anderson confiscated 120,000, and the big baby Davis was 80,000, and they also got the opportunity to have a public meal. Someone else went to jail. The big baby may have been inspired by Anthony Walker's book-writing and promoting bankruptcy stories. Writing books is just a means, and the purpose is even elsewhere. So he said that he wanted to make a documentary to warn the world not to break the law and discipline, and asked the court to postpone his time of joining the phone.

Tyson also got a clue after going bankrupt. He said that he learned to reconcile with the world with love and charity when he got old. "Love is not buying a mansion or a luxury car for himself, but love is buying things for others. It has only been in the past few years that I have learned this. The more you give to others, the less you need." Tyson said that, now he is doing charity everywhere and looks amiable. This is something that the NBA has been doing for a long time. Washington, who beat Tom Janovic's face back then, started charity when he was in his 70s, and then he embezzled hundreds of thousands of charity funds to his girlfriend every month for shopping and plastic surgery...

As for whether there are people in the NBA who can save money, of course there are also people. Dalius Myers declared bankruptcy in 2016. The following year, he sold a batch of personal belongings, including LeBron's signature jersey, Green Cad Bird's jersey, Dirk and Odom's signature sneakers, two pistols, two toasters, totaling 13,000 yuan. At this time, his personal assets were less than 500,000 yuan, and the total debt in the bankruptcy documents had reached 1.57 million yuan, of which 280,000 yuan was tax owed and 20,000 yuan was child support. Myers' NBA salary totaled 60 million, and in the end, James' signature jersey was the most valuable, selling for $1,500.

Antescoundrel may have studied this case carefully. The Greeks used Google phones and drove a BMW X6 that they bought for one day's salary. There was a whole room where they placed signature jerseys and signature star cards, not because they loved basketball and their culture, but because "selling them after bankruptcy can get a lot of money." Antetokounmpo said it very well: "Dad has always taught me to have a plan B in everything, and this is one of my plan Bs."