Why do players take pay cuts?

[lunchbawks]

Some nba players throw away millions of dollars just to join a winning team!!!


At the end of the day they're all millionaires but that's another million that could go to their children's children...

[ThisGuy]

Price of happiness

[nikeboyz]

Cause they dont want to end up like KG or Lebron and play so many years with 1 team for nothing.

[brooks85]

^^^

[Ian]

Because they are dumb.

[michalis]

because they have enough money, and they also want the glory

[SteveAndMark]

endorsements

[Philavanh]

Being a World Champion means higher endorsement bonus > 2-3 Mil/per year

[Chi_archie]

their children's children? most of these guys are broke, in debt, in court within 5 years of retiring....


but to answer the question.... if you don't take a pay cut somtimes you end up like Jermaine Dye did this year....

what is better? 4 million for 1 year? or no million for infinity?

[sweetjones55]

Because it's not about the money. They'd rather make a little less and play somewhere they want to and where they have a chance to win. Endorsement deals come along with winning so the pay cuts sometimes pay off with championships

[pavyracer]

The speech fees are much higher for NBA champions. Also endorsements after retiring. If you were a car dealer at a small town would you have someone who made 50 million in the NBA and no ring or someone who made 40 million and has a ring to endorse your business?

[lunchbawks]

i'd rather be king sh-t in some bum ass town making 20 million per year.

[elchampion33]

these guys know theyre gonna get paid, if anything i respect what lebron did way more than joe johnson who the only way he was staying with Atlanta is if he got that max deal where he was ridiculously overpaid, if he cared about winning he would have gone to the Bulls because him and Derrick Rose would have been picture perfect together, Rose, JJ, Deng, Boozer and Joakim is a starting five that would be better than what Miami has right now, and Joe threw that away so that he can stay on a team that is good enough to make the playoffs but not gonna make any actual noise

[Sunde91]

You play to win the game.

[ThisGuy]

i'd rather be king sh-t in some bum ass town making 20 million per year.

The options usually aren't that extreme. Make 20 mil on a bum ass team or 16.5 mil as a winner (esp if the winner is in a state where you pay less in taxes - Miami anyone?)

[lunchbawks]

You play to win the game.

no you play for money. you think NBA players would be ballers without getting paid>>??


that's RIDICULOUS

[Reload]

Like the saying goes, you have to spend money to make money.

[HustleGetPaid]

Like the saying goes, you have to spend money to make money.

This.

[ijrod21i]

They make just as much as they're missing out on through endorsements and their money doesnt go to their children's children because their children will be uneducated and wnt invest it.

[LT Profits]

Would your lifestyle be any different if you were making 10 million per year compared to 15 million per year? It really does reach a point where it becomes monopoly money and the players are more concerned with winning a championship before there careers end.

[Doug]

their children's children? most of these guys are broke, in debt, in court within 5 years of retiring....


but to answer the question.... if you don't take a pay cut somtimes you end up like Jermaine Dye did this year....

what is better? 4 million for 1 year? or no million for infinity?

you got that right

[Donkwin47]

Sometimes it's not always about money..

[PlatinumBerg]

I would take a relatively small pay-cut for some glory too, especially if I can recoup the lost, and then some through potential endorsements.

[5050]

I understand about taking a pay cut that could be used for future generations, but if managed correctly from good advice, their kids kids won't have to worry anyway. Its all about money management and lifestyle. Do you really need 10 cars and 4 houses? Of course not, but some just don't get good advice to start.

[Doug]

Take a pay cut simply because you are no longer a star in your prime but still want to play.

Common in baseball. Perhaps a Jason Giambi without looking up his current salary.

[Masu485]

fukk their children's children. I wish even their regular children would have to slave away at a job like most people.

[marcoloco]

depends on if they are willing to relocate and where.

also st tax plays a big role in how much $ they actually get. taking millions less in a st with no st tax may be more money take home than in a place where there is a high st tax

[Climate]

A lot of these contracts are back-fitted, meaning the balance of what they would have gotten comes at the end of the contract so the money they are giving up this year they're gonna get anyway.

That's what's happening and still may happen with Udonis Haslem and Mike Miller of the Miami Heat. Ilgauskas wasn't gonna get much more than he's getting now no matter what. He's signing right at the league minimum for a vet with his number of years.

Their kids usually don't have any problem getting education and will be more educated than their daddy's for sure. If someone said they need the money for their babies and their babies' mamas', that would have made a lot of sense. Pro athletes and entertainers (Clint Eastwood has 7 kids from 5 babies' mamas', a record for a white guy, if I'm not mistaken) can really spread some seed around.

[Tilt360]

All that money is spend on strip club or some hooker anyway, only a few using that money to invest.

[Tilt360]

I willing to take a paid cut too if i could recoup in the long run or add an extra year in the contract.

[suckerforparlays]

whats the difference between having a family with 2 million and having a family with 3 million?

[Climate]

whats the difference between having a family with 2 million and having a family with 3 million?

Nothing, until it's your money. lol

It's all about money management.

[Doug]

These NBA guys have like 80 IQ's

You can't go from ghetto to 10 million+ a year....It could be 250 million a year for 10 years....they'd still find a way to blow a 2.5 billion dollar contract and be broke 5 years after their Glory days.

[VTranX]

Some nba players throw away millions of dollars just to join a winning team!!!


At the end of the day they're all millionaires but that's another million that could go to their children's children...

To some players winning a Championship is more important then money. A player that would take pay cut probably makes more money on endorsements anyway.

[zogdog]

LeBron at least will easily make up for the money he's lost if the Heat win multiple championships.