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Lobby General Discussion topic #13228253

Subject: "didn't realize draftees get in so much debt." Previous topic | Next topic
tariqhu
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Mon Jan-22-18 04:19 PM

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"didn't realize draftees get in so much debt."
Mon Jan-22-18 04:20 PM by tariqhu

          

prior to the making the real money.

https://www.youtube.com/watch?v=408-KwVBa3E

don't follow it close enough, but this is a lot of pressure for folks who know nothing about money and parents that only add pressure to the situation.

so many of these player support loved ones. It's gotta be hard saying no to your parents, especially when you're on the cusp of money.

Y'all buy those labels, I was born supreme

  

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Topic Outline
Subject Author Message Date ID
Why TvOne still look and sound like public access though?
Jan 22nd 2018
1
new school BET?
Jan 22nd 2018
3
those dudes are a walking talking downpayment.
Jan 22nd 2018
2
which is bound to happen...
Jan 22nd 2018
5
      Not even guaranteed money like NBA/MLB contracts
Jan 22nd 2018
10
           A woman told me she worked at a bank in Charlotte for a minute
Jan 23rd 2018
14
                they prolly think they're gonna
Jan 23rd 2018
16
You never seen 30 for 30 Broke?? Cats own family's be robbing em
Jan 22nd 2018
4
I saw it. don't remember much talk
Jan 22nd 2018
7
When 20yr olds show up on draft day rocking louboutins and presidential
Jan 22nd 2018
8
sho you right.
Jan 22nd 2018
9
RE: I saw it. don't remember much talk
Jan 22nd 2018
13
      fuck
Jan 23rd 2018
23
           Big question. Did she have his permission or nah?
Jan 23rd 2018
27
I remember in ATL...Dominique Wilkins had TWENTY car notes
Jan 23rd 2018
31
30 for 30 Broke was real as shit.
Jan 22nd 2018
6
shit's brutal.
Jan 22nd 2018
11
Saw the post and was like I’ll just wait for the 30 for 30 drop
Jan 22nd 2018
12
ex-girl from back in the day had a lil brother HS prospect
Jan 23rd 2018
18
and these dudes only get paid for the season. not the whole year
Jan 23rd 2018
15
it gotta be tuff trying to budget when
Jan 23rd 2018
17
if financial literacy classes dont help, what will?
Jan 23rd 2018
19
2 letters.. N.O.
Jan 23rd 2018
20
^
Jan 23rd 2018
22
financial mentors.
Jan 23rd 2018
21
      Man. Half these dudes have them already and end up getting robbed
Jan 23rd 2018
24
           but that's what I mean,
Jan 23rd 2018
28
                You're literally describing the very people who do them over the most lo...
Jan 23rd 2018
30
There should be some Power of Attorney service these cats get
Jan 23rd 2018
25
I feel like Jay-Z could have changed the game here.
Jan 23rd 2018
26
      yep
Jan 23rd 2018
29

Buddy_Gilapagos
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Mon Jan-22-18 04:22 PM

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1. "Why TvOne still look and sound like public access though?"
In response to Reply # 0


  

          


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

  

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tariqhu
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Mon Jan-22-18 04:26 PM

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3. "new school BET?"
In response to Reply # 1


          

Y'all buy those labels, I was born supreme

  

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BrooklynWHAT
Member since Jun 15th 2007
85074 posts
Mon Jan-22-18 04:23 PM

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2. "those dudes are a walking talking downpayment."
In response to Reply # 0


  

          

pray to god you dont blow out a knee or something

<--- Big Baller World Order

  

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tariqhu
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Mon Jan-22-18 04:27 PM

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5. "which is bound to happen..."
In response to Reply # 2


          

>pray to god you dont blow out a knee or something

that football money is short term fa sho.

Y'all buy those labels, I was born supreme

  

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flipnile
Member since Nov 05th 2003
13573 posts
Mon Jan-22-18 04:40 PM

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10. "Not even guaranteed money like NBA/MLB contracts"
In response to Reply # 5


          

>that football money is short term fa sho.

Sign for $400k/yr? Better hope he doesn't get cut.

  

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legsdiamond
Member since May 05th 2011
79600 posts
Tue Jan-23-18 09:27 AM

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14. "A woman told me she worked at a bank in Charlotte for a minute"
In response to Reply # 10


          

said Carolina Panthers would come in with signing bonus checks for like 200K or 300K and it would be GONE within 6 months.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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tariqhu
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Tue Jan-23-18 09:32 AM

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16. "they prolly think they're gonna"
In response to Reply # 14


          

be rich forever.

Y'all buy those labels, I was born supreme

  

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ambient1
Member since May 23rd 2007
41077 posts
Mon Jan-22-18 04:26 PM

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4. "You never seen 30 for 30 Broke?? Cats own family's be robbing em"
In response to Reply # 0


  

          

and people they trust do em dirty all the time
and people(professionals) they get recommended to em do em dirty all the time

=======================================
Coolin...

  

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tariqhu
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Mon Jan-22-18 04:30 PM

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7. "I saw it. don't remember much talk"
In response to Reply # 4


          

about what happens pre-draft. I know the fam and other hangers on are leaching but we normally hear about it after the checks have slowed or stopped. not before the first one is cashed.

Y'all buy those labels, I was born supreme

  

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ambient1
Member since May 23rd 2007
41077 posts
Mon Jan-22-18 04:31 PM

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8. "When 20yr olds show up on draft day rocking louboutins and presidential"
In response to Reply # 7


  

          

Rollie's of course they in debt lol


=======================================
Coolin...

  

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tariqhu
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Mon Jan-22-18 04:32 PM

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9. "sho you right."
In response to Reply # 8


          

I don't watch drafts tho. lol

Y'all buy those labels, I was born supreme

  

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RobOne4
Member since Jun 06th 2003
56697 posts
Mon Jan-22-18 04:50 PM

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13. "RE: I saw it. don't remember much talk"
In response to Reply # 7


  

          

i think I remember reading Tyson Chandler's mom was able to get a 500k credit line when he was a senior in HS based off his future earnings.

November 8th, 2005 The greatest night in the history of GD!

  

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Dstl1
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Tue Jan-23-18 11:03 AM

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23. "fuck"
In response to Reply # 13


          

.

...I'm from the era when A.I. was the answer, now they think ai is the answer - Marlon Craft

  

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legsdiamond
Member since May 05th 2011
79600 posts
Tue Jan-23-18 11:32 AM

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27. "Big question. Did she have his permission or nah? "
In response to Reply # 23


          

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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Castro
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Tue Jan-23-18 01:14 PM

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31. "I remember in ATL...Dominique Wilkins had TWENTY car notes"
In response to Reply # 4


  

          

he was paying for family. LOL.

Then he got married, and the wife had the good sense to force him to cut off his family...and they HATED her ass. That was part of the reason for him leaving ATL for Greece and then the Celts, Spurs and such. But now, 20 years later, he still got some coin.

------------------
One Hundred.

  

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legsdiamond
Member since May 05th 2011
79600 posts
Mon Jan-22-18 04:27 PM

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6. "30 for 30 Broke was real as shit. "
In response to Reply # 0


          

Dude said the worst criminals don’t were mask, they were suit and ties.

..and family? Whew. Another dude said they sit by your car after practice with their bills.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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tariqhu
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Mon Jan-22-18 04:43 PM

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11. "shit's brutal."
In response to Reply # 6


          

Y'all buy those labels, I was born supreme

  

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Atillah Moor
Member since Sep 05th 2013
13825 posts
Mon Jan-22-18 04:44 PM

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12. "Saw the post and was like I’ll just wait for the 30 for 30 drop "
In response to Reply # 6


  

          

Great doc

______________________________________

Everything looks like Oprah kissing Harvey Weinstein these days

  

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j.
Member since Feb 24th 2009
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Tue Jan-23-18 09:44 AM

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18. "ex-girl from back in the day had a lil brother HS prospect"
In response to Reply # 6


  

          

hoops, dude was All-Dade, getting D-1 recruitment letters, he was on his way

Girl was all "I can't wait til he makes it to the league, he's gonna buy me a car, yadda yadda yadda..."

Needless to say he didn't make it, but it was ill how she was already planning shopping sprees

  

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legsdiamond
Member since May 05th 2011
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Tue Jan-23-18 09:29 AM

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15. "and these dudes only get paid for the season. not the whole year"
In response to Reply # 0


          

so once their season ends in January they take out loans with terrible interest rates until August roles around.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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tariqhu
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Tue Jan-23-18 09:33 AM

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17. "it gotta be tuff trying to budget when"
In response to Reply # 15


          

you don't know how money works and your fam is leeching.

Y'all buy those labels, I was born supreme

  

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seasoned vet
Member since Jul 29th 2008
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Tue Jan-23-18 09:57 AM

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19. "if financial literacy classes dont help, what will? "
In response to Reply # 0


  

          

  

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legsdiamond
Member since May 05th 2011
79600 posts
Tue Jan-23-18 10:02 AM

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20. "2 letters.. N.O."
In response to Reply # 19


          

tell yourself and your people NO often and watch how easy things are financially. You will definitely take a hit with fam and friends tho.

A friend of mine has a son in the league. You would never know it when meeting him. Dude looks like the typical Pittsburgh nigga in his late 40's and still has a job.

He said his son's money is his son's money.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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BrooklynWHAT
Member since Jun 15th 2007
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Tue Jan-23-18 10:28 AM

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22. "^"
In response to Reply # 20


  

          

<--- Big Baller World Order

  

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tariqhu
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Tue Jan-23-18 10:05 AM

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21. "financial mentors."
In response to Reply # 19


          

someone that actually has the players lives in mind rather than eating of them.

Y'all buy those labels, I was born supreme

  

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legsdiamond
Member since May 05th 2011
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Tue Jan-23-18 11:12 AM

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24. "Man. Half these dudes have them already and end up getting robbed "
In response to Reply # 21


          

It’s so hard to find a trustworthy accountant. You have to get an accountant to look over your accountant.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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tariqhu
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Tue Jan-23-18 11:48 AM

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28. "but that's what I mean, "
In response to Reply # 24


          

someone that's not trying to make money off them. not accountants, agents or managers because all of them are gonna cake off the athlete.

I mean mentor like you'd mentor your boy or sibling, where they really have someone that doesn't have a financial stake in the person's wealth, but just want to help them with money/life decisions.

I know this is a pipe dream since this is capitalism.

Y'all buy those labels, I was born supreme

  

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ambient1
Member since May 23rd 2007
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Tue Jan-23-18 12:18 PM

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30. "You're literally describing the very people who do them over the most lo..."
In response to Reply # 28


  

          

>I mean mentor like you'd mentor your boy or sibling, where
>they really have someone that doesn't have a financial stake
>in the person's wealth, but just want to help them with
>money/life decisions.
>
>I know this is a pipe dream since this is capitalism.



who wants to help ANYBODY for free ANYTHING these days

it's not like their is the National Association of We Actually Give A Damn About You regardless of $$.....that's not named family

=======================================
Coolin...

  

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nonaime
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Tue Jan-23-18 11:26 AM

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25. "There should be some Power of Attorney service these cats get "
In response to Reply # 0


          

enrolled in. Should be a trusted service that we establish for us...pipe dream, I'm sure.

~~~~~~~~
A bad Samaritan averaging above average men (c) DOOM

  

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Triptych
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Tue Jan-23-18 11:30 AM

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26. "I feel like Jay-Z could have changed the game here."
In response to Reply # 25


  

          

I know he was thinking about sports management way back when. Not sure what happened with that.

Actually Steve Stout could get into this too if he gets bored at Translation or just wants to become the street's Elon Musk lol.

____________________________

http://instagram.com/yogikenan
http://instagram.com/shotbykenan
http://stackoverflow.com/users/43089/triptych
http://github.com/djtriptych

  

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nonaime
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Tue Jan-23-18 12:11 PM

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29. "yep"
In response to Reply # 26


          

>Actually Steve Stout could get into this too if he gets bored
>at Translation or just wants to become the street's Elon Musk
>lol.

~~~~~~~~
A bad Samaritan averaging above average men (c) DOOM

  

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