NIL, professional sports and Brown

[cwl1951]

. . . no matter where the rest of his life brings him, if he saves just what he got this year and places it in conservative investments he will be set for retirement . . .

Doubt very seriously he’ll be set for retirement. 100% of NIL funds from Memphis did not go to Jordan alone. His father Dion and agent also got a piece of the pie. “Assuming” after taxes Jordan nets ~$200k and spends some of the funds, being set for retirement would be a reach at this point albeit a nice chunk of change. However, we both should agree it was a business decision and best for him “financially at this point in time.”

[ZoomZoom]

Doubt very seriously he’ll be set for retirement. 100% of NIL funds from Memphis did not go to Jordan alone. His father Dion and agent also got a piece of the pie. “Assuming” after taxes Jordan nets ~$200k and spends some of the funds, being set for retirement would be a reach at this point albeit a nice chunk of change. However, we both should agree it was a business decision and best for him “financially at this point in time.”

After Dion and the agent get “their taste”, Jordan probably isn’t seeing 200k post taxes.

But wisely invested in growth funds, he could be set in 40 years, especially if he continues to contribute to the fund. And keep wags, family and friends off the payroll.

[CajunVic]

200,000 invested at just 5% compounded would give you almost $1,500,000 in 40 years.

[Turbine]

200,000 invested at just 5% compounded would give you almost $1,500,000 in 40 years.

100% true but unless he is a unicorn in this regard there will be a lifteime of coulda woulda shoulda meditation as to where his one-n-done money went.

I hope he is a unicorn when it comes to savings.

[CajunVic]

. . . I’m willing to give him more credit than “he was dumb to go get the money” and “he will be dumb now that he has the money” and I am not willing to go with all of the heathenous and unconfirmed projections about his daddy, agent or aunt-Ty . . . I am also not willing to place him into the category of NBA players who are now broke without giving him the opportunity to seal his fate . . .

[Cajunsmike]

Temporary finances aside ... with the move, the talent level he left with hit a brick wall, that's for sure.

Rust develops quickly.

There is zero doubt he could have improved his game by staying put.

You can't improve by riding the bench, never being able to get in a groove.

Memphis brought in SEVEN guys in the situation Jordon Brown was in. No way to keep all those guys happy either on the court or off. Finding a fit in the system is difficult anytime you move. Jordan does not have the three point game the NBA now requires of most players, even centers. His great moves around the basket may not be a good fit at Memphis according to the way they want to play. In the NBA, he would also get bumped off his spot and fouls are rarely called in those situations. His free throw shooting would also be a problem. As far as playing in Europe goes, you can make good money in Germany, Italy, and Spain. There are plenty of other pro opportunities overseas that will not pay what he is supposedly gaining at Memphis this season. Financially speaking, he made the right move. Basketball wise, he may have been better off spending one more year. Playing more would help to prepare him for his next stop.

[CharlieK]

I love how strangers are so sure of how someone else should capitalize on his talent and opportunity.

[jaxmc1023]

I love how strangers are so sure of how someone else should capitalize on his talent and opportunity.

Guy did alright for himself..

Realized during the off-season he wasn't going to the NBA so took a deal that gave him a little cash, can pay off any debt he might have, and go make a decent living in Europe

[Cajuns1]

200,000 invested at just 5% compounded would give you almost $1,500,000 in 40 years.

$1.5 mill in 40 years ain’t gonna be a whole lot of money my dude.

[CajunVic]

$1.5 mill in 40 years ain’t gonna be a whole lot of money my dude.

. . . that is at a 5% growth and it is a whole lot more money than $0 dollars, wouldn’t you say . . .

[R1Letterman]

$1.5 mill in 40 years ain’t gonna be a whole lot of money my dude.

Checks notes: not a lot now

[R1Letterman]

He only has sent one tweet this entire semester, maybe he broke the NIL deal