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).
About a month ago, the Bulls said they hadn’t discussed a buyout with Dwyane Wade.
Have the two sides progressed since?
Nick Friedell of ESPN:
Dwyane Wade isn’t long for the organization’s future and is expected to reach a buyout agreement at some point in the next few months.
Expected by whom?
People with direct knowledge of momentum toward a buyout?
Or everyone who can see that a 35-year-old earning $23.8 million fits poorly on a rebuilding team?
For the Bulls to now drop their biggest name and a large expiring contract that could prove useful in trades should require Wade surrendering a large portion of his salary. He doesn’t sound like someone inclined to do that yet.
A few months is a long time. As long as Wade gets bought out by March 1, he could join another team’s playoff roster. It’d surprise nobody if he gets bought out after the February trade deadline, which we already knew. I don’t see strong indication of something more imminent.
LeBron James has done a terrible job shooting down rumors about him leaving the Cavaliers
Except this one from Chris Sheridan, who cited a source saying LeBron would “100 percent” leave Cleveland next summer due to a rift with Cavs owner Dan Gilbert.
Joe Vardon of Cleveland.com:
Sheridan’s source saying LeBron is leaving doesn’t make that true. But other anonymous sources denying it doesn’t make the denials true, either.
The Pelicans have been crushed by injuries the last few years.
Why? That’s an incredibly complex question.
But the New Orleans Saints – who share an owner (Tom Benson), a front-office leader (Mickey Loomis) and other staff with the Pelicans – have found culprits for their own injury woes.
Mike Triplett of ESPN:
The Saints have fired team orthopedists Deryk Jones and Misty Suri, per source, after it was discovered that CB Delvin Breaux has a fractured fibula and will require surgery expected to sidelined him for 4-6 weeks. Breaux was originally diagnosed with a contusion
Suri is a Pelicans team physician.
Scott Kushner of The Advocate:
Fairly or not, Suri – after the Saints deemed him unacceptable – will be in the crosshairs if he keeps his job with the the Pelicans and their injury woes continue.
Chris Sheridan was ahead of the crowd in 2014, reporting LeBron James would likely leave the Heat for the Cavaliers – which obviously happened.
But Sheridan called it a “90 percent chance,” a small – but large enough – hedge. He also said LeBron would announce the decision on LeBron’s personal website. Of course, LeBron revealed his choice in a Sports Illustrated essay.
So, maybe Sheridan knows what he’s talking about. Maybe he doesn’t.
But the longtime NBA writer just fanned the flames of the already hot LeBron-leaving-Cleveland rumors.
Of course, the denials came quickly.
There have already been plenty of warning signs about LeBron’s relationship with Cavs owner Dan Gilbert, which didn’t restart in a great place.
It’s entirely believable LeBron would leave Cleveland, in large part due to Gilbert.
But it’s also fun to speculate about that salacious storyline.
Maybe Sheridan or his source got carried away for that very reason. Or maybe they know something.
Neither possibility should be discounted.