Yes, yes we do.
Based on what?
Yes, yes we do.
So he was crying out of sadness? That makes no sense. I'm sure there was a whole lot of relief but people need to stop pretending to know what is running through a person's mind via facial expressions.that look was not joy. I bet anything he was promised to be in the lottery. Did you see some of those kids that went ahead of him. One guy hasn't played that much in two years. It may have been a good choice to go and I would have taken the money also but this kid was only going to improve. One more year he would have made life a lot easier. Had three years guaranteed and also would have had another year getting bigger. Now it's up to him. He has to get some breaks and get a second contract. After that he's set. The second contract is the important but one.
There's more money for free agents with the cap rising, but the rookie contracts actually don't increase.I don't have it handy but isn't the cash situation much better after this coming season in the NBA including for kids getting drafted.
Seems another year on a top 15 team, all ACC stuff and a higher pick would yield a lot more money.
Kid just needs that second contract.
I don't have it handy but isn't the cash situation much better after this coming season in the NBA including for kids getting drafted.
Seems another year on a top 15 team, all ACC stuff and a higher pick would yield a lot more money.
Kid just needs that second contract.
So his agent works for free?He will earn 2,944,440 guaranteed for the first two years. The California Tax Rate for over $1M is 13.3% or $391,610.52 for the first two years. The Fed Tax will be 39.6% or $1,165,998.24. This leaves him with $1,386,831.24. He IS a millionaire.
*this assumes -0- endorsement money.
** this assumes that he is taking Zero deductions like (401K, IRA, Residential Mortgage Interest and Taxes, Dependent Care, etc.). These deductions will just decrease his tax liability and increase his take home income.
*** other taxes like Social Security are not included, but they are capped at $100K so they are nominal.
Congrats MR and thanks for taking us to the Final Four.
So his agent works for free?
Actually the Forbes article states agents' for rookies take their endorsementsOK -so his agent gets 10%, right? If its 10% of the gross contracts, then he's still a millionaire.
There's more money for free agents with the cap rising, but the rookie contracts actually don't increase.
Actually the Forbes article states agents' for rookies take their endorsement
I'm no mind - reader but the way he looked and his "everything happens for a reason" statement when asked if he thought he made the right decision screams disappointment.Or (c): He was overcome with emotion because his life-long dream of becoming an NBA player just came true.
(Hint: (c) is the correct answer)
300 k for a house? i dont think so
Or if he returned and didn't appreciably improve his draft stock, he left nothing on the table.
And if he returned and his performance somehow exposed elements of his game, or if he returned and suffered some delibilitating injury, well...
Where would McCullough have gone in this draft?Look I understand the perspective of take the money now because the future is uncertain. I'm just pointing out that if he came back and was a lottery pick, he stood to earn far more. That's all.
well, he has more talent than Mal...and the kid with 2 broken feet went before him, so with a nice jan-april burn behind him...maybe top 10??Where would McCullough have gone in this draft?
I live across the street from a NY Jet whose salary is between $3 and $4mil. He rents the house. In fact, we've had 3 other Jets live in the neighborhood over the past 6 years and they've all rented. It makes sense for these guys to rent because they move around frequently and a lot of them actually go somewhere else for their offseason training.
So maybe Mali will rent a place and save some of his money.
This is a fallacy. It doesn't work like that. People like to post this nonsense as some kind of justification, but it just doesn't happen nearly as often as people think it does. Occasionally? Sure and usually with some extenuating circumstances (e.g., Dunn and his injuries). Generally, if a player isn't good enough to get drafted in the first round as a frosh, they're not going to get drafted in the lottery the next year just because.Look I understand the perspective of take the money now because the future is uncertain. I'm just pointing out that if he came back and was a lottery pick, he stood to earn far more. That's all.