Michael Carter-Williams salary going into trust he can’t touch

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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).

Report: Dewayne Dedmon opts in for $6.3 million with Hawks

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The Hawks’ rebuild got going with big John Collins. Though they’re reportedly eying Luka Doncic with the No. 3 pick, they could easily draft another big – Jaren Jackson Jr., Mohamed Bamba, Marvin Bagley or Wendell Carter.

And then there’s veteran center Dewayne Dedmon.

He no longer fits in Atlanta (never did, really). But he’s not bypassing a chance to earn $6.3 million.

Shams Charania of Yahoo Sports:

There just wasn’t going to be that much money for the 28-year-old Dedmon in a tight market this summer.

Dedmon is a good defender, and he developed his ball skills – as a 3-point shooter and passer – in Atlanta last season. The Hawks could look to trade him. Maybe, in a deal primarily about his expiring contract, he adds extra value to the other team due to his playing ability.

If Atlanta doesn’t move him, Dedmon will be a fine player on a likely tanking team. At least he’s not good enough to subvert the Hawks’ tank, especially with the new lottery format.

Nick Young says ‘everybody needs to do cocaine,’ later insists he was joking

AP Photo/Mary Altaffer
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Nick Young will say and do nearly anything for attention.

Empowered by the Warriors’ championship, he swung for the fences when asked about Canada passing marijuana legalization.

Young, via TMZ:

“I want people to pass cocaine,” the NBA star told TMZ Sports outside 1 OAK on Tuesday night … “Everybody needs to do cocaine!”

Predictably, that caused a bit of an uproar. Then, Young backtracked:

Chill. You know I was just joking

A post shared by Nick Young (@swaggyp1) on

Too late, Nick. People are already asking questions you don’t want asked.

Report: 76ers trade No. 39 pick to Lakers

AP Photo/Chris Szagola
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The 76ers have too many 2018 draft picks – Nos. 10, 26, 38, 39, 56 and 60.

Philadelphia already has 11 players under contract for next season. Plus, the 76ers have the space to add premier players. There just isn’t room for everyone on the roster.

So, Philadelphia unloaded one of those selections.

Adrian Wojnarowski of ESPN:

This is good return for the 76ers, who everyone knew had to trade a draft pick. The rebuilding Bulls could easily land a higher second-round pick than No. 39 next year.

Why do the Lakers want an extra second-rounder this year? Second-round picks don’t count against the cap until signed, and they can always slightly sweeten a trade offer. They’re helpful for a team with big plans and little wiggle room.

Kyle O’Quinn opts out of Knicks contract

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The Knicks have the No. 8 pick, and tomorrow’s draft will be the most important part of their offseason.

Will they also have cap space to add talent in free agency? That hinges on Enes Kanter‘s player option.

If Kanter opts out, New York will have even more room to operate thanks to Kyle O'Quinn declining his $4,256,250 player option.

Adrian Wojnarowski of ESPN:

The Knicks expected this for a while, and they’re probably not disappointed. Steve Mills and Scott Perry want to put their stamp on the franchise. O’Quinn is a leftover from the Phil Jackson era and a reminder of the recent tumult in New York.

O’Quinn’s combination of block percentage (6.1) and defensive-rebounding percentage (27.8) was unmatched last season. He just really struck a nice balance between contesting shots and remaining in position on the glass. He’s also a smooth mid-range shooter with an improved ability to distribute.

How much is that player worth?

It’ll be a tight market, especially for bigs. For his sake, I hope the 28-year-old O’Quinn already has assurances from other teams. He might get a similar salary or, more likely, a larger overall guarantee on a multi-year deal. But it’s also possible he comes out behind by testing free agency.