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.
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Photo: USATSI
