Money, fortune, fame: These are three typical guarantees generally when someone signs a contract as an NBA player. But Josh Childress recently shared what really happens when one starts a career as a professional baller and how to maintain that immense wealth.
Let’s just say it’s not all in the wrist.
Signing a four-year, $11.7 million contract was only the beginning for Childress. When he was chosen in the 2004 NBA draft as the sixth pick, he knew he would need more money.
Millions Disappear
“The first mistake is, people say, ‘Okay, I’ve got $11 million,’ ” Childress told Business Insider. “You’ve got five [million dollars after taxes] over four years. So that million-dollar house that you thought you had $11 million, that you had $10 million more,…
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