It seems like we're always hearing about a former professional athlete losing all of their money. Well, apparently Philadelphia 76ers rookie Michael Carter-Williams has heard those stories, too, and doesn't want that to happen to him down the line. The Philadelphia Inquirer explains the steps he and his mother, Mandy Carter-Zegarowski have made to make sure he saves money: Nowadays, Carter-Zegarowski and her best friend, Tracie Tracy, are running his management team. They are taking a proactive approach to make sure he doesn't spend all his money in a couple of years. His rookie contract guarantees him $4.5 million over his first two seasons. He could make a total of $10 million if the Sixers pick up the final two seasons of his contract. But his salary is deposited into a trust he can't touch for three years. Carter-Williams is living off endorsement deals with Nike and Panini trading cards. LINK
I like this kid, and this appears to be a good story initially. But having mom and her friend run your business? Nothing could go wrong there, completely aside from the friend having a dandy of a crapty name.
Yea, the cynic in me says in 3 years we read how mom drained his account jet setting around with her friend. Till then, I'll be blissfully naive...
its good to see someone taking a smart approach to their money. lets just hope that he doesnt end up out in the cold when the friend of the family steals all his money one day
this kid is going to be a star and the sixers are going to be a force to reckon with in the not so distant future.
As a division rival fan. I must admit I am impressed with Sam Hinkie and how the entire organization has embraced the new Analytics approach to basketball. they could be on to something big.
