Summary: Why NBA Athletes Should Be Paid

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Over the Years the National Basketball association has made many athletes successful
After playing in the NBA. Unfortunately not every player reeks the benefits of being paid out seven figures or the ten year retirement plan. Since 1996 67 NBA players have declared for bankruptcy that had seven figure NBA contracts most athletes play by the rule “ Go for broke” and once the ink dries on their contract they make horrible investments, spend money on childhood friends, and make it rain in the nearest clubs. Everything that glitters isn't gold, once these NBA stars touch this hard earned money they seem to lose interest in savings and wise decisions leaving the NBA at fault and the question in the air, what changes can the NBA institute to prevent players from failing financially and declaring bankruptcy. …show more content…
Different level players make different money with a NBA start salary of 700k a year and the most at 15-20 million a year not everyone can spend and save the same way so its best that you manage your money correctly. Getting caught up in the hype can lead to an excessive down fall financially for athletes of all sports trying to look the part instead of being professional, growing up all we think of is just being rich or wealthy and providing for our family nobody thinks long term before during and after the league. You need that good financial team to help you listen that’s actually going to care for you because most agents and workers usually have many clients you might not get all the attention needed but they will
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