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).
ATLANTA (AP) A year ago, Atlanta’s magical season ended with a resounding sweep by Cleveland in the Eastern Conference final.
Now, the Hawks have another shot at LeBron James and the Cavaliers.
Feeling confident after an opening-round victory over Boston, the Hawks returned to practice Saturday to begin preparations for the best-of-seven series.
Game 1 is Monday night in Cleveland.
The Hawks were the top-seeded team in the East last season after a record 60-win campaign. It didn’t do them much good against the Cavaliers, who steamrolled Atlanta in four straight games.
Even though they slipped to 48 wins and fourth in the conference, the Hawks actually sound a bit more confident heading into this matchup, largely because of their improved defense and rebounding.
For the second consecutive year, the Warriors have lost their lead assistant to another team. When the Pelicans hired Alvin Gentry during last year’s playoffs, Steve Kerr promoted Luke Walton to associate head coach and added former journeyman big man Jarron Collins to the bench. Now that Walton is headed to the Lakers as their next head coach, the Warriors will go outside the organization to find a replacement, according to ESPN.com’s Marc Stein. And one name that will likely not be in the mix is David Blatt, who very nearly became an assistant under Kerr in 2014 before being offered the Cavaliers’ head job.
Given Walton’s success this season as interim head coach while Kerr recovered from back surgery, this will undoubtedly be the most attractive assistant job in the league.
In the last few years, NBA head coaching salaries have skyrocketed, and new Lakers coach Luke Walton is no exception. According to the Los Angeles Times‘ Mike Bresnahan, Walton is getting $25 million over five years, which is the same as Steve Kerr’s deal with the Warriors, now-former Knicks coach Derek Fisher’s deal in New York, and Fred Hoiberg’s deal with the Bulls.
This kind of money has become standard for head coaches who don’t also have front-office power. Tom Thibodeau and Stan Van Gundy both get between $7 and $8 million annually to do both jobs. Given how good Walton’s current situation with the Warriors is, the Lakers probably had to be on the high end of the coaching spectrum to get him to leave.
On Friday night, the Lakers announced that they’re hiring Luke Walton as their next head coach, effective as soon as the Warriors’ playoff run is over. It’s a good hire, but it’s especially interesting given Walton’s close relationship with Phil Jackson and the rumors that never seem to go away, that Jackson might be set up to return to the Lakers to run the team alongside fiancée Jeanie Buss after next season, when he has an opt-out in his contract with the Knicks.
But that doesn’t mean Walton will be running the triangle, as he said in his first comments to reporters since the news broke.
Via the Orange County Register‘s Bill Oram:
Regardless of whether Jackson eventually gets back in the picture in Los Angeles, Walton has been a successful assistant in Golden State and has the right temperament to lead the Lakers into the post-Kobe era.