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[QUOTE="Ward, post: 2255356, member: 1958"]
First, I really hope our staff and program is setting up all of our former players who play professionally with trustworthy, smart financial teams to help them with their new money.

I'm not sure I follow when you say Tyler doesn't have time when it comes to compounding interest. I'm in the finance field and judging by your post you are well read on this but Tyler has nothing but time. It doesn't take that high of a savings rate with his income and age profile to give him a sizable cushion later on in life.

Let's say he saves just 4% (which some people won't even notice missing from their paycheck) of the $7.5M from years 1-4 + 2 years of $1.6M so 2 years from now of his $10.7M in earnings he has "just" $420k invested/saved from his NBA contracts. Throw it in the S&P index and hope it conservatively compounds at 8% on an annualized basis the next 20 years. He'll be in his early 40's with ~$2 million in the bank and that doesn't count any money he's earned from the time he is 23 years old and on. If he doesn't touch it until he's in his early 50's it grows to $4.3M and $9.3M in his early 60's.

Tyler can still go back and get his degree and upon graduating have plenty of connections to get a fine job and live upper middle class. Personally, I would be shocked if he didn't end up a coach right after he hangs them up.
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