NBA Rookie Michael Carter-Williams Sends Earnings To Trust Fund

NEWS

michael-carter-williams-money Recent news infers that the Philadelphia 76er's scored more than the potential Rookie of the ...

Recent news infers that the Philadelphia 76er's scored more than the potential Rookie of the Year in point guard Michael Carter-Williams. The former Syracuse Orangemen may actually be the smartest in the pool of NBA newcomers, because he's placed his professional basketball earnings into a trust fund that can't be touched for three years, according to Philly.com.

Don't credit this remarkable decision solely to Carter-Williams, though. The rising rookie's mother, Mandy Carter-Zegarowski, was who ultimately made the call to ensure that her son's future would be a bit more secure than his peers.

It's a wonder more ballers don't make this decision, considering that a 2009 Sports Illustrated story estimated that a whopping 60 percent of NBA players are broke within five years of retirement.

As it stands, Carter-Williams, 22, will make $4.5 million over his first two years with the 76ers, and a total of $10 million should the organization pick up the last two years on his contract. He's currently making his earnings off of endorsements with Nike and Panini trading cards.

Ironically, Carter-Williams is the 76er's best scoring rooking since Allen Iverson, who could use some financial advice right about now.

--

Photo: USATSI

Subscribe to HipHopWired on YouTube!

Bangin Candy

Mase Sued For Jacking Model's Photo To Promote Struggle Rap Song [PHOTOS]

mase-cheesing
No thanks