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Chris Livingston contract

$7.7 million for 4 years, after taxes, agent fee's, etc..., is not life changing money. Its "spending habit: changing money, for sure though. Hopefully he gets good financial advice, puts that money to work for him. Take a million, invest it, live off your signing bonus for a minute....

But lets make no mistake, $7.7 mill, even with $4million guranteed, is not life changing..
 
Maybe. But something’s going on. Maybe you think Biden got 81.million votes.

CL didn’t get that deal based on his bb skills.
No, he got it based on his skills being good enough to work with and match his athleticism.
Sharpe and Livingston are talked down by almost all fans on this board and it's all because they didn't want to stay around for your enjoyment. I wanted both back , but for anyone to say they can't see Livingston having bball skill is just not true. After watching him in the Bahamas it sure sounded different. I guess a couple of 3 pointers going in blinds everyone's ability to see a kid can improve.
 
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I wish I was in the position where 4 million wasn't life changing money, must be nice.
It changes your situation....sure. But its not like hes getting $4 mill. Taxes, agents, that adds up. More money = different spending habits. If you spend that $$ like its always going to be there, thats a problem.

I'm as poor as the next dude---and would take that type of money in a second. Would it change my life? I guess. It would certainly solve a lot of problems...But it COULD also create a lot of problems. Spend it recklessly, and well...........

By you a home....moms/pops a home...Some cars....Clothes...trips, etc...I mean shit goes faster than you think. And I didn't include the possibility of "the bling".

$4 million is a lot of money----until its not.
 
Why all the hate against him though? Most of ya'll got jobs and you're probably grossly overpaid for the amount of work you do. He put his time in the blue and white. Let's applaud him and wish him well. Way too many haters and jealous folk.
 
Good for him. Glad he got a contract and has the chance to make his dreams come true. I just wish there was an explanation of why so many guys make these types of decisions. If you look at the rookie contract scale if he would have improved to a top 15 pick next year he would get almost as much guaranteed money in his first two years than his 4 year deal he just signed.


So if he comes back to Kentucky he gets NIL money and then if he improves then he makes more money and is in a much better position.

I suppose the argument to this would be if he doesn’t improve the NBA is no longer an option and 7.7 million is better than $0.
 
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Invest some of it. Live off the dividends.

I mean. I don't get it. Money is complicated, but it's not THAT complicated.
I get that to stay in top shape they do have to invest a lot in their bodies. I know LeBron invests over a million a year and that’s not including all the home equipment he buys. Sure that’s nothing to him but for a guy like Chris it’s unattainable right now.
 
I wish I was in the position where 4 million wasn't life changing money, must be nice.
In context it’s a great start to his life but being his age you just can’t spend this money like it will come every year. After taxes and agents commissions he’s likely going to pocket around 1.8 million for his first 2 years or 900K/year. Great money yes but I’d agree not life changing.
 
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I wish I was in the position where 4 million wasn't life changing money, must be nice.


I think what he’s saying is the kid is 18 years old. After taxes the 4 million will be around 2 million. He’s a rookie not an accountant - he doesn’t have this job for 30 years. So if this is his only contract it would be equivalent to someone that made 66k for 30 years. Except they didn’t get 66k a year spread out, they got it as a lump sum all at once. And he doesn’t live in small town Kentucky where he can buy a house for 200k, he lives in a big NBA city where a condo is 1.5million. I think that’s the point - he’s certainly not set for life. I mean a top level trainer for him is probably 6 figures a year alone.
 
He should've come back (snicker)

And next year, fans will still argue Ugo or whoever shouldn't enter the draft.
You do know most players that enter the draft with his draft stock wind up making a few hundred thousand dollars and then getting bounced from the league, best case scenario for most is being on the bottom of nba rosters but getting traded around enough and just barely staying on rosters for 7 years, pocketing a few million.

This is an anomaly of a contract, and while Chris' ceiling is worthy of a lottery pick if he had displayed more shades of it, he didn't, but a shady management agency has manipulated this situation into Chris getting a bizarrely high contract, seemingly as an advertisement to entice other kids into signing with the agency.
 
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We're all in the wrong line of work folks.
I was having this conversation with a friend one time. He looked at me , and serious as a heart attack said, "If I had to do it all over again, I'd drop out of school and only train on hitting a golf ball or kicking a football". Wisdom.

Don't believe me? Look up what some of the golfers, that no one has ever even heard of, pull in.
 
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I was having this conversation with a friend one time. He looked at me , and serious as a heart attack said, "If I had to do it all over again, I'd drop out of school and only train on hitting a golf ball or kicking a football". Wisdom.

Don't believe me? Look up what some of the golfers, that no one has ever even heard of, pull in.


So are you under the impression that you can simply practice enough to become a professional athlete?
 
I was having this conversation with a friend one time. He looked at me , and serious as a heart attack said, "If I had to do it all over again, I'd drop out of school and only train on hitting a golf ball or kicking a football". Wisdom.

Don't believe me? Look up what some of the golfers, that no one has ever even heard of, pull in.
If only it worked that way. 99% of people could dedicate their entire lives to hitting a golf ball and still be nowhere close to a professional level golfer. It’s an elite skill that takes a huge amount of natural ability PLUS the dedication it takes to reach that level.
 
Glad for the young man and his family.

The way of things now in sports is just bizarre
 
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Yeah, I read the whole conversation. You’re the one that came off as a jerk. I’m not going to spell it out for you or argue about it with you. Message board or not, how you talk to people has a great effect on how others respond to you. If you don’t like the responses you’re getting (and it seems that way in this case) look first in the mirror.

Have a good night and feel free to have the last word. I’m moving on to other threads and topics.
I see it as the opposite.
 
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So, nearly 2M a year. And basically guaranteed 4M-ish.

That's almost set for life money.

We're all in the wrong line of work folks.
That's easily set for life money. Live on two million for the next ten years (200k/year). Invest the other 2M. At the end of that ten years, that invested 2M should be worth around 4.3M (with and avg annual return of 8%, and that's leaning modest returns). By then he's still only 30? Keep repeating that process, and who knows, he might end up getting a better contract after that. It ain't rocket science if he is smart about things.
 
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I was having this conversation with a friend one time. He looked at me , and serious as a heart attack said, "If I had to do it all over again, I'd drop out of school and only train on hitting a golf ball or kicking a football". Wisdom.

Don't believe me? Look up what some of the golfers, that no one has ever even heard of, pull in.
Would be easiest to become a professional bowler. Size, strength, athleticism all thrown out the window. Just you, the ball and the lanes/pins. No defense, no weather conditions, just the oil slickness of the lanes to adjust too.
 
$7.7 million for 4 years, after taxes, agent fee's, etc..., is not life changing money. Its "spending habit: changing money, for sure though. Hopefully he gets good financial advice, puts that money to work for him. Take a million, invest it, live off your signing bonus for a minute....

But lets make no mistake, $7.7 mill, even with $4million guranteed, is not life changing..
7.7 million for some, sure.

My new forwarding address would be ----------------[12 hour flight]---------------------------------> over there.
 
Good for him.

I just don't see it. He didn't show anything last year to believe he deserved that money NOW. But maybe it was all Cal's fault and he didn't use him correctly.
 
I don’t understand the hand wringing about NBA contracts. The CBA says the payers have to get 50% of revenue. Would you rather the owners keep 90% and players salaries are lower? Would that make you happy?
 
7.7 million for some, sure.

My new forwarding address would be ----------------[12 hour flight]---------------------------------> over there.
Curious where would you move 12 hours away to live out your life?
 
$7.7 million for 4 years, after taxes, agent fee's, etc..., is not life changing money. Its "spending habit: changing money, for sure though. Hopefully he gets good financial advice, puts that money to work for him. Take a million, invest it, live off your signing bonus for a minute....

But lets make no mistake, $7.7 mill, even with $4million guranteed, is not life changing..
Damn sure life changing for me.
 
How the f is Livingston worth that kind of money when he has no experience in nba or even showed that much potential in a college game.

In the NBA salary landscape, they contract is basically nothing. There are plenty of players getting very limited minutes making 8 figures a year. The league generates so much money they have to spend it somewhere.
 
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If only it worked that way. 99% of people could dedicate their entire lives to hitting a golf ball and still be nowhere close to a professional level golfer. It’s an elite skill that takes a huge amount of natural ability PLUS the dedication it takes to reach that level.
It also takes the right body type, especially today you have to be 300+ off the tee to be able to compete weekly. There may be 2-3 in the world who are average 270 or so that compete but it’s hard when guys like McElroy are hitting it 370 with ease. Taller players are more likely to generate the club head speed needed for that.
 
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But… but… a lot of adults on this message board were telling us how stupid he was and how he shouldn’t listen to his agent and cancel his workouts and would’ve been better off coming back to UK to play for free?

What happened?
 
It also takes the right body type, especially today you have to be 300+ off the tee to be able to compete weekly. There may be 2-3 in the world who are average 270 or so that compete but it’s hard when guys like McElroy are hitting it 370 with ease. Taller players are more likely to generate the club head speed needed for that.
I agree with pretty much everything you said, but the irony in your post is that McIlroy is about 5’8”. One of the shortest guys on tour and hits absolute nukes.
 
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Well now we know why he didn't come back.... there clearly was a wink wink deal between Klutch and Milwaukee

Good for him I recon... life changing money for a European type talent.

I recon you’re mad a teenager is earning more than your entire bloodline combined to play a game.
 
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