Sunday, April 14, 2013

How Early Is Too Early To Declare For The NBA Draft?

The Following is the 2013-14 and 2014-15 Rookie Pay Chart by NBA draft pick according to Forbes.  In other words, If you're picked in the first round you're guarenteed the following amount of money for these two years:

Draft Pick
2013-142014-15
1$4,479,800.00         $4,672,700.00
2$4,008,200.00 $4,180,800.00
3$3,599,400.00 $3,754,400.00
4$3,245,200.00 $3,385,000.00
5$2,938,700.00 $3,065,300.00
6$2,669,100.00 $2,784,100.00
7$2,436,600.00 $2,541,600.00
8$2,232,200.00 $2,328,300.00
9$2,052,000.00 $2,140,300.00
10$1,949,200.00 $2,033,200.00
11$1,851,800.00 $1,931,600.00
12$1,759,300.00 $1,835,000.00
13$1,671,300.00 $1,743,200.00
14$1,587,800.00 $1,656,100.00
15$1,508,200.00 $1,573,200.00
16$1,432,900.00 $1,494,600.00
17$1,361,200.00 $1,419,800.00
18$1,293,200.00 $1,348,900.00
19$1,235,000.00 $1,288,200.00
20$1,185,600.00 $1,236,600.00
21$1,138,100.00 $1,187,100.00
22$1,092,700.00 $1,139,700.00
23$1,049,000.00 $1,094,100.00
24$1,007,000.00 $1,050,300.00
25$966,700.00 $1,008,400.00
26$934,600.00 $974,900.00
27$907,700.00 $946,800.00
28$902,100.00 $941,000.00
29$895,600.00 $934,100.00
30$889,100.00 $927,400.00


So best case scenario if you're the 1st pick in the draft you got over $9 mill guarenteed, and if you're the 30th pick you got a little over $1.8 mill guarenteed for you're first 2 years. 

Let's assume that a person's career (non pro athlete) spans 40 years. And let's say they average $50,000 a year (less in the early years, more in the later years). That means they will have earned $2,000,000 in their lifetime. Someone with an average of a six-figure income ($100,000) will earn $4,000,000.

PEOPLE THE 30TH DRAFT PICK WILL MAKE 1.8 MILLION GUARENTEED IN 2 YEARS.  ITS A NO BRAINER IF YOU'RE A COLLEGE KID THAT WILL GO IN THE 1ST ROUND EVEN IF THEY AREN'T READY FOR THE NBA, GO, AND LET THEM GO. 

Sorry for the Caps.  Hopefully this puts into perspective when you visualize the numbers on paper.  Yes i said paper.  So print this out and hang it on your wall and the next time you want to call Johnathan Coachman or Scott Van Pelt and talk shit, let this remind you, you're a fucking moron. 

Let me digress.  I understand people want college ball to be great like it was in the 70s, 80s, and early 90s, but were in a new era.  I would love to see Carmelo Anthony, Lebron James, and Kobe Bryant play 4 years in college like most of you.  But its a bad business decision honestly. 

Lets say you think a player like Nerlens Noel isn't ready for the NBA, he needs to hone his skills a little if you will.  Lets dive into the details here.  Medical Doctors, were talking Pediatricians, General Surgeons, Radiologists, Plastic Surgeons,  and Cardiologists make on the conservative side $100,000 - $400,000 annualy.  THESE GUYS AINT DOCTORS.  They're getting degrees in underwater basketweaving so they can pass enough classes to be eligible to play ball.  Thats not a knock on them.  Hell if i were going to college why would i want to work my ass off if i knew i was gonna be a 1st round pick, high school all american etc? 

I mean even many early 2nd round draft picks are highly regarded by most NBA teams and given guarenteed contracts, and folks these numbers are the bare minimum many of these players will be given multi year deals right out of the gate. 

So lets say you're taken 30th and you don't pan out, they send you to the D League.  Well the D League pays like shit, it really does.  i mean entry level journalists make more than D League players, its bad.  But if you make 1.8 mill for 2 years then make $12,000 - $30,000 a year in the D league to do something you love, why not?  But you'll notice a lot of people will play overseas because it pays a lot more than the D League, and Millions too, including endorsements.  A lot of times overseas you can get $65,000 even if you aren't that good.  Also, endorsements are huge overseas.  Basketball is global. 

So what if you're a bust?  you make 2-10 mill who cares.  Now do most of these guys make horrible financial decisions?  Yes.  But whether their making $20,000 a year or $20,000,000 its not going to change their finiancial responsibility either way. 

But WTF do i know im just a Zombie. 

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