Sixers’ rookie Michael Carter-Williams is putting up the best rookie numbers in Philadelphia since Allen Iverson. Which is a good comparison. A very good one. But there is one area where Carter-Williams is not following the pattern of Iverson (a notorious spender):
MCW has yet to touch a dime of his salary this season. That’s $2.2 million guaranteed this season (and $2.3 million next season) that he is just putting in the bank.
All of his money right now is going into a trust set up by his family, as reported at the Philadelphia Inquirer (via The 700 Level at CSNPhilly.com).
Nowadays, (his mother) Carter-Zegarowski and her best friend, Tracie Tracy, are running his management team. They are taking a proactive approach to make sure he doesn’t spend all his money in a couple of years.
His rookie contract guarantees him $4.5 million over his first two seasons. He could make a total of $10 million if the Sixers pick up the final two seasons of his contract.
But his salary is deposited into a trust he can’t touch for three years. Carter-Williams is living off endorsement deals with Nike and Panini trading cards.
Smart. You don’t want to go Iverson and just buy new clothes in every town so he didn’t have to carry luggage on the road.
He’s likely to have a few more endorsement deals rolling in soon the way he has played as a rookie averaging 17 points and 7.1 assists per game. He is fast becoming the face of the Sixers.
The perception of the casual fan follows what Patrick Ewing said back in the day — NBA players make a lot of money and spend a lot of money.
The reality is some do live beyond their means even though they make millions, some are smarter about their money. It’s the same with every pro sport. And before you get all preachy on that soapbox answer me this: What would you have done if you had millions at age 21? Bought treasury bonds?
Like everyone else, NBA players need some support around them to help them make good decisions. Carter-Williams has that and it shows in his play on the court, and that he will now be set up for life (and maybe generations).
First it was Darryl Dawkins. Then it was Moses Malone.
Two all-time great players who recently died — and at t0o young an age, 58 and 60 respectively — from undiagnosed heart conditions. Even before that, recognizing the issue the NBA players union and the league itself were setting up supplemental health coverage to provide cardiac screening for retired players, something ESPN’s Jackie MacMullan recently broke.
The joint effort between union executive director Michele Roberts and NBA commissioner Adam Silver — at a time when there still may be potentially acrimonious labor negotiations looming for their sides — is intended to ease the health concerns of its retired players.
Roberts said action from the players’ association on providing screening for its retired players is “imminent.”
“I wish I could give you an exact timetable, but we have to make sure all the components are in place,” Roberts told ESPN recently. “I will tell you we hope to have something sooner than later.”
The Cardiologists are affiliated with the NBA already, and some of the money will come from the league, while the union is both pitching in a chunk of cash and is the one organizing this, according to the report.
It’s good to Roberts and Silver working together on this. While you’d like to think this would be the kind of no-brainer move that the league and union would work together on, in the past the relationship didn’t always facilitate this sort of cooperation even on the obvious.
I’d like to think this bodes well for future labor talks, but I’m not willing to completely draw that parallel.
Somebody is in midseason form.
Stephen Curry put up 30 on Portland in a preseason game Thursday night, hitting six threes and getting to the line 15 times over the course of his less than 26 minutes. It was quite a show.
Portland won the game 118-101 behind 25 points from Allen Crabbe and 22 from Damian Lillard. Not a lot of defense in this one but it was fun to watch.