Teddy Bridgewater Buys Mom Pink Escalade | Page 2 | Syracusefan.com

Teddy Bridgewater Buys Mom Pink Escalade

A couple things I would like to say in response to this thread. There is nothing wrong with an athlete taking a loan out from his agent since the NCAA made money off of them the entire time they were in college. If they want to buy a car who cares they have earned the right to spend their paycheck how they want. In this case I thought it was a special moment that Teddy who told his mom at the age of 9 he was going to buy her this car was able to do it. It's not like this Escalade will put him in the poor house. This is a great story and I love things like this and the nice moment Durant had with his mother during his MVP speech.
 
TBCuse11 said:
syr02esq lost me when he said "there is a VERY good chance" that Bridgewater might not be drafted.
I would literally bet you my entire net worth vs. 100 bucks that he gets drafted.
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Where did I say that TBCuse11? I think I said quite the opposite.
 
Anything can happen from now until then AND it is very possible, although unlikely, that he won't be drafted.


my bad. you said "very possible". Thats pretty much the same as "very good chance."
 
syr02esq said:
Who is angry Bnoro?
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Rubbed the wrong way, whatever works. Point still stands. I have plenty of friends getting cars they can't afford at the time on financing, maybe you've done so yourself. However, this kid knows the money is coming to him so why not buy your mother a car?
 
He definitely got fronted the money. Standard operating procedure with agents and 1st round talents.
 
TBCuse11 said:
Anything can happen from now until then AND it is very possible, although unlikely, that he won't be drafted.


my bad. you said "very possible". Thats pretty much the same as "very good chance."
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If you read the entire sentence you would note that I said "very possible, ALTHOUGH UNLIKELY". Or did you not read the second part?
 
bnoro said:
Rubbed the wrong way, whatever works. Point still stands. I have plenty of friends getting cars they can't afford at the time on financing, maybe you've done so yourself. However, this kid knows the money is coming to him so why not buy your mother a car?
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I think you are missing my point Bnoro. I applaud Teddy for buying his mom, a cancer survivor, a car. I wish I could do the same for my own mother someday. I like you so I'm not going to belabor this debate with you.
 
AAM62 said:
He definitely got fronted the money. Standard operating procedure with agents and 1st round talents.
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Boom! I think this may be it. Didn't realize this was SOP.
 
syr02esq said:
Boom! I think this may be it. Didn't realize this was SOP.
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please make it stop then.

nobody here really understands how you didnt know this, or could at least...figure it out.

enjoy the draft.

teddys mom is likely certainly enjoying her Pink Cadillac.

and his agent wants his cash back.
 
KaiserUEO said:
please make it stop then. nobody here really understands how you didnt know this, or could at least...figure it out. enjoy the draft. teddys mom is likely certainly enjoying her Pink Cadillac. and his agent wants his cash back.
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Thanks KaiserUEO. You are a real class act. Hope you enjoy your day.
 
syr02esq said:
I understand what you are saying. I actually talked to a few friends of mine in the banking business. One in particular is the CEO of a regional bank in Texas. His viewpoint was that because there is no contract yet signed and no matter how much potential the athlete has to be drafted, you still do not take the risk to make this kind of unsecured loan. Why? Because in the slim chance the athlete doesn't get drafted then you have to re-possess the auto and foreclose on the loan and obtain a deficit judgment on the athlete. Most importantly, EVERY person in the business will know what kind of loan you just did and your reputation is going to take a huge hit which in the banking business, you cannot afford. In short, he says you CAN do it but realistically, a prudent manager WOULD NOT do it. I spoke to a few other execs at other banks who relayed similar thoughts.

Makes me think that the money did not come from the bank, possibly the agent or other third person.
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Do you know what the management fees are on a $100M portfolio per year? I'd take that bet 20 times and eat the $30,000 loss of value on the car 19 times if #20 is going to let my investment team manage his assets.
 
syr02esq said:
Thanks KaiserUEO. You are a real class act. Hope you enjoy your day.
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He isn't an amateur anymore, so once he declared for the draft, he can get any amount of money from representation hoping to represent him.

And, as others have said, endorsement deals can go into effect now that he isn't an amateur.

And there is zero chance Bridgewater goes undrafted. You saying very possible, although unlikely, is a double negative, so you have to understand how people can be confused by that.

The only chance he would go undrafted is if something career ending occurred. And then the insurance policy I am sure he has on himself would kick in and he could still afford the car.
 
timkay99 said:
He isn't an amateur anymore, so once he declared for the draft, he can get any amount of money from representation hoping to represent him.

And, as others have said, endorsement deals can go into effect now that he isn't an amateur.

And there is zero chance Bridgewater goes undrafted. You saying very possible, although unlikely, is a double negative, so you have to understand how people can be confused by that.

The only chance he would go undrafted is if something career ending occurred. And then the insurance policy I am sure he has on himself would kick in and he could still afford the car.
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Thanks Timkay99. I think this thread has somehow evolved to a discussion on how high Teddy will be drafted which was not my original goal. I agree I can be clearer on my posts. Thanks for pointing that out.
 
cuseinchina said:
Do you know what the management fees are on a $100M portfolio per year? I'd take that bet 20 times and eat the $30,000 loss of value on the car 19 times if #20 is going to let my investment team manage his assets.
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Are you confusing investment management with personal banking? Regardless, I understand your point, thanks.
 
syr02esq said:
Are you confusing investment management with personal banking? Regardless, I understand your point, thanks.
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I'm saying most banks have investment management and private wealth management divisions that work closely with the retail side to provide preferential treatment to clients and potential clients. Even small banks tend to have trust officer who allocate funds to outside investment managers for a management fee. I certainly don't think they are going to be parking $100M in a CD.
 
syr02esq said:
If you read the entire sentence you would note that I said "very possible, ALTHOUGH UNLIKELY". Or did you not read the second part?
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LOL. ok man. not worth the time. Very possible although unlikely is like saying very rich although poor.
Get it together dude. Happy Hump Day.
 
As mentioned above, Cadillac provided the car for Teddy. I helped produce the segment for GMA. Teddy.jpg Mom.jpg
Pics of Teddy and I at the studio and mom outside with the pink Caddy.
 
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