TOPIC:

Kept working;

Free agent JaKarr Sampson has agreed to a one-year, fully guaranteed minimum contract to return to the Indiana Pacers, his agent Aaron Turner tells @TheAthleticNBA @Stadium.

Many including myself thought Jakarr leaving early was a mistake. Gladly wrong on that one, he has had a nice career for himself as has Moe.

For anyone wondering NBA minimum for this year was projected at around $1.6 million.

Jakaar's career earning......

JohnnyFan wrote: Jakaar's career earning......

Think he might qualifiy for nba pension also

JohnnyFan wrote: Jakaar's career earning......

I hope he is living small. A large % of former NBA players are broke 5 years after their career ends.

If he got by his first three years alright. Last year and this years should be a breeze and he can build on what he has earned. Hopefully so.

Very happy for Jakarr. He stuck with us after that prep school debacle.He always played with a smile on his face.

It seems like Jakarr needed time to mature. I don't think he had the type of coaching in college that he needed to be ready for the NBA at a relatively young age.

Beast of the East wrote:

JohnnyFan wrote: Jakaar's career earning......

I hope he is living small. A large % of former NBA players are broke 5 years after their career ends.

W the money he makes he doesn’t have to live small. Just be prudent and don’t spend everything he makes and invest some of the money.

richard A Steinfeld wrote:

Beast of the East wrote:

JohnnyFan wrote: Jakaar's career earning......

I hope he is living small. A large % of former NBA players are broke 5 years after their career ends.

W the money he makes he doesn’t have to live small. Just be prudent and don’t spend everything he makes and invest some of the money.

That's not really true. About half or more goes to income tax. If he bought a place I hope he has a small mortgage. A big mortgage requires a big salary after your playing days end. And then there is upkeep on the home, real estate taxes, etc. Buy a luxury car at close to 100K and it costs 200k in salary to buy.

So lets say he made 5 million in 5 years. 1 million a year becomes 500K. If you buy a house at 2 million after 2 years, and put down 500K, you have a 1.5 million mortgage, plus taxes plus upkeep. On and on.

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