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[QUOTE="JOC44, post: 2551320, member: 613"]
Without wading into the interminable debate of “should he stay or should he go,” I don’t think it’s remotely true that a three-year contract sets these guys up “for life.”  As I understand it, I only the first two years are guaranteed, but let’s just assume three years for a total of $5 million.

Federal and state taxes take, say, $2 million of that.  Agent takes a couple of hundred grand. Let’s say the player is really careful with his money and lives on $500K per year (which I’m sure almost no NBA players do).  That leaves $1 million or slightly more to use to support yourself for the (hopefully) next 60 years. Even if you invest it conservatively and live off the proceeds, you’re talking about $100K or less a year, quite an adjustment from an NBA salary.  Realistically, though, you probably have less because I doubt the average NBA player banks 20% of a $5M contract

Now if the NBA fizzles after three years, you can play overseas, which might not build your nest egg but might reduce the number of years you have to live off the money left over from the NBA.
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