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Memo to all NBA rookies !!!
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sebstar
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7/2/2008  4:21 PM
It can never be enough when it is geared towards the benefit and welfare of employees. They never ask if they are making too much profits.

As of now, what they do is bare minimum.

My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
AUTOADVERT
djsunyc
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7/2/2008  4:23 PM
Posted by sebstar:

It can never be enough when it is geared towards the benefit and welfare of employees. They never ask if they are making too much profits.

As of now, what they do is bare minimum.

what do other sports do? is there a clear seperation in how the nfl/mlb/nba/nhl educate it's players?
sebstar
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7/2/2008  4:26 PM
This doesnt necessarily have to be NBA specific...one could indict all leagues and organizations. Whats the point?

Let me ask you, do you think what they do is enough? Is what they do directly proportional with the pressures pro athletes are faced with?
My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
djsunyc
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7/2/2008  4:31 PM
Posted by sebstar:

This doesnt necessarily have to be NBA specific...one could indict all leagues and organizations. Whats the point?

Let me ask you, do you think what they do is enough? Is what they do directly proportional with the pressures pro athletes are faced with?

no...but do you think the government does enough to help the pressures that everyday people are faced with? unfortunately, there is no pressure to change. maybe the players association needs to do something here.
crzymdups
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7/2/2008  4:32 PM
Posted by sebstar:

This doesnt necessarily have to be NBA specific...one could indict all leagues and organizations. Whats the point?

Let me ask you, do you think what they do is enough? Is what they do directly proportional with the pressures pro athletes are faced with?

i don't know if this is the NBA's responsibility, but it is certainly the NBA players association's responsibility. I believe they have classes about this, but I don't know how mandatory they are.
¿ △ ?
sebstar
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7/2/2008  5:02 PM
Posted by djsunyc:
Posted by sebstar:

This doesnt necessarily have to be NBA specific...one could indict all leagues and organizations. Whats the point?

Let me ask you, do you think what they do is enough? Is what they do directly proportional with the pressures pro athletes are faced with?

no...but do you think the government does enough to help the pressures that everyday people are faced with? .

point well taken

My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
TrueBlue
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7/2/2008  5:03 PM
Posted by sebstar:
Posted by TrueBlue:
Posted by sebstar:

There are other things they teach, and emphasize, so its more than likely they devote one day to financial matters and if they do teach it throughout then it probably averages out to about a one day seminar.

ROTFLOL while SMH!

what, you weirdo? It even says on your itinerary sheet that finance only is taught for a segment of one day. I was even giving you the benefit of the doubt.


Those are at the end of the day... interactive activities-role playing Wise Guy and it didn't break down the time spent on each activity, meanwhile you have no idea if they spend 1, 2, 3, 4, 5, 6days of the 6 day seminar discussing anywhere from 9:00a.m. to 9:00p.m. on how the rookies should manage their Finances. And who says giving Financial advice is any more important than the other Life Lessons they provide for the rookies during the 6 day seminar?

Man I was giving you the benefit of the doubt here to put two and two together.


[Edited by - TrueBlue on 07-02-2008 4:13 PM]
LMFAO @ the Bio [url]http://en.wikipedia.org/wiki/Stephon_Marbury[/url]
Vmart
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7/2/2008  5:09 PM
You want to avoid agents and Lawyers as much as possible. The anount of money these guys make they don't need to do anything for the rest of their lives. They can live off the interest.
sebstar
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7/2/2008  5:29 PM
Posted by TrueBlue:
Posted by sebstar:
Posted by TrueBlue:
Posted by sebstar:

There are other things they teach, and emphasize, so its more than likely they devote one day to financial matters and if they do teach it throughout then it probably averages out to about a one day seminar.

ROTFLOL while SMH!

what, you weirdo? It even says on your itinerary sheet that finance only is taught for a segment of one day. I was even giving you the benefit of the doubt.


Those are at the end of the day... interactive activities-role playing Wise Guy and it didn't break down the time spent on each activity, meanwhile you have no idea if they spend 1, 2, 3, 4, 5, 6days of the 6 day seminar discussing anywhere from 9:00a.m. to 9:00p.m. on how the rookies should manage their Finances. And who says giving Financial advice is any more important than the other Life Lessons they provide for the rookies during the 6 day seminar?

Man I was giving you the benefit of the doubt here to put two and two together.


[Edited by - TrueBlue on 07-02-2008 4:13 PM]

Damn, somebody failed you as a child. Its just sad.

You dont know how long they teach certain things either, so what the hell are you talking about?!?

For the LAST time, my ultimate point is that matters of such importance should not be shoehorned inside of a week long seminar that covers so many wide-ranging topics. Too much to encode.

The NBA cant slap each other on the back and say they did all they could just because some fool gets on the stage for an hour and tells them not to blow all their money on call girls, Red Lobster, ice, and rims.

You're trying to annoy me by splitting hairs with me.

[Edited by - sebstar on 07-02-2008 5:30 PM]
My saliva and spit can split thread into fiber and bits/ So trust me I'm as live as it gets. --Royce Da 5'9 + DJ Premier = Hip Hop Utopia
oohah
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7/2/2008  5:54 PM
The NBA is filled with young kids, mostly who are not from privileged backgrounds. Most people under 30 have no clue how to handle millions of dollars and avoid grifters, let alone these kids from working class backgrounds. They don't know jack about money. They don't understand finance. The NBA should make sure they are educated, and even provide an approved network of financial handlers(Maybe they do.).

If they make an honest effort of that as opposed to the rookie orientation B.S., they players losing money is all on themselves (It is anyway, but you know what I mean.).

That would be smart business on top of responsible toward the players.

oohah



Good luck Mike D'Antoni, 'cause you ain't never seen nothing like this before!
TrueBlue
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7/2/2008  6:12 PM
Posted by oohah:

The NBA is filled with young kids, mostly who are not from privileged backgrounds. Most people under 30 have no clue how to handle millions of dollars and avoid grifters, let alone these kids from working class backgrounds. They don't know jack about money. They don't understand finance. The NBA should make sure they are educated, and even provide an approved network of financial handlers(Maybe they do.).

If they make an honest effort of that as opposed to the rookie orientation B.S., they players losing money is all on themselves (It is anyway, but you know what I mean.).

That would be smart business on top of responsible toward the players.

oohah

Most of these players aren't bankrupt because of bad business decisions. They are bankrupt because they make choices to waste their money. Many of them are so pompus because they have money, they think they are exempt from paying taxes or feel they don't have to pay for things they purchase. They go out and have babies by Woman without committing or breaking committments to them which in results in being sued for Alamony/Child Support. The NBA isn't responsible for this kind of recklessness.

The seminars, along with the PA, and their own personal Agents and Managers should be more than enough. Good grief these guys get to live a life of a rock star and yet there's this pity party for them because hey choose to be irresponsible arrogant idiots.

Please go sell this crap to someone who'll buy it.

[Edited by - TrueBlue on 07-02-2008 5:13 PM]
LMFAO @ the Bio [url]http://en.wikipedia.org/wiki/Stephon_Marbury[/url]
TMS
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7/2/2008  6:54 PM
another way is to get in touch w/Eny's suppliers & set up their own business.



[Edited by - TMS on 07-02-2008 3:54 PM]
After 7 years & 40K+ posts, banned by martin for calling Nalod a 'moron'. Awesome.
Bippity10
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7/3/2008  4:26 AM
Nobody's responsible for themselves anymore
I just hope that people will like me
Bippity10
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7/3/2008  4:30 AM
I grew up poor and now have some money.I spend everyday trying to learn what decisions I should be making in order to make sure that I am never poor again. The problem is that when these guys get out of their situations and are handed millions they think they've made it. They think all the learning is done(some never started learning). They think the money is never going to stop. They buy stuff to keep up with the Joneses. They let their friends hang on because they want to be the kool guy. It's the NBA's responsibility to warn them of the pitfalls. But at what point does the NBA's responsibility stop and the players' begin. Some say it stops the day the contract is signed. Some say after a 6 day seminar. Some say longer. Personally I think the seminar should be enough for you to know that you now need to seek further aide. But the players obviously don't. Many of them probably sleep walk through the thing and then blame the NBA when it all falls apart.
I just hope that people will like me
playa2
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7/3/2008  5:46 AM
If the NBA REALLY CARED for the young players today, they wouldn't just have someone get up in front of them for a few minutes or a day.

The method they are using might be well taken by past generation ball players, but these guys make a significant more amount of money in such a short amount of time it ain't funny.

IMHO to reach this generation the NBA should put together a filmed documentary of interviews done with former players who never planned for their future and thought the money would last forever.

We live in a video generation now, so if you really want to get something across to young people you don't just lecture them with knowledge, you also put it in a cinema(video) type form, then you would get their undivided attention.

Show them the players who played decades before them who also thought they knew it all, have them explain and discuss their extravagant lifestyles and baby making adventures.

Then after you show the bad news on what not to do, show a video on those who made some intelligent and wise decisions after playing ball and then have some financial experts to give some sound advice on what to do with some of their money that won't even affect their current lifestyle.

This would show me that the NBA "really cared"
JAMES DOLAN on Isiah : He's a good friend of mine and of the organization and I will continue to solicit his views. He will always have strong ties to me and the team.
Solace
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7/3/2008  8:42 AM
Posted by sebstar:

Good piece as usual from him, but just remember that rich "broke" doesnt translate into the same definition as our "broke."

For them its all about funneling money into different accounts, selling off a couple of cars, and possibly downsizing homes. Doesn't mean they're moving back in with moms.

That sort of depends. For some of them, broke actually means in debt. When you spend big, you can also go in debt bigger than we can. I agree with the general premise.

I agree with the general premise about increasing the education of financial responsibility. Most people are clueless because their parents were also clueless about managing finances, and so they don't have great role models to learn that from. Their most prominent influences will be friends and family who henceforth only see $$$$$ when they're around.
Wishing everyone well. I enjoyed posting here for a while, but as I matured I realized this forum isn't for me. We all evolve. Thanks for the memories everyone.
Bippity10
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7/3/2008  11:18 AM
From my inside sources the learning doesn't stop with the front office, the responsibility is then handed to the teams who try to teach as well. Teams recommend financial advisors, lawyers, accountants etc. My source says that most players turn it down. Some because they feel more comfortable with someone that another player recommended. Others for the person that sells their services the best or provides the most "perks". And others to provide payroll to another friend or family member that wants to be part of the team and has no skills. Teams also try to get involved with the breaking up of posses and preach constantly about the negative affects of too many people. Team veterans with their heads on their shoulders constantly tell these kids to get money for mom and leave the rest alone. They tell horror stories of hanging out late at night and messing with too many woman.

My source was a well adjusted middle class fellow with a strong family background. He says many times players won't listen to guys like him because he "doesn't know what it's like". Instead of listening to guys that know what they are talking about they listen to guys that are making the same mistakes they are because "they are speaking the same language". Management is also looked at as stodgy old men trying to curb behavior "they aren't comfortable with" instead of trying to educate. They are often times fighting a losing battle. My "source" claims there are unlimited resources for the young guys to pull from but they simply don't take advantage of it.

He feels the NBA should do more because they have to. He feels It's not their responsibility to hand hold the players every step of the way but that they have to in order to protect the current group that is hard of hearing. He says the league is constantly changing it's methods and so are the teams. They are getting college coaches involved more and more as well. Over the next few seasons we will see more "behavior management" rules that will be frowned upon and considered racist by some in public. The NBA and the teams don't like the rules but feel they have to in order to protect the players.

[Edited by - bippity10 on 03-07-2008 11:19 AM]
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TrueBlue
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7/3/2008  11:22 AM
Posted by Bippity10:

Nobody's responsible for themselves anymore

Exactly.


These guys have agents, business managers, personal assistants, etc etc and some of us think the NBA should wipe their ass before and after they take a chit.


POOF POW BAM BE GONE with this Wackness!!!!!!
LMFAO @ the Bio [url]http://en.wikipedia.org/wiki/Stephon_Marbury[/url]
newyorknewyork
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7/3/2008  11:52 AM
If the majority players knew how to manage there money to the point that there money is making them more money rather then wasting away then they would be on the right path.

If that was the case more then likely that shows they have enough fiscal responsibility that they probably wouldn't even spend all the money they would make in the yrs of playing in the NBA.

Then if I dared to dream they could do something really positive with there money and make an impact in there lifetime by trying to fix up the ghetto's in America. Like getting with the gov. of the towns they grew up in and building huge library's, building a history museums, building and funding a center to teach others about saving & managing money, and having there money work for them, helping fund schools, getting up to date books, higher quality teachers. They would be setting up the foundation for education for the future.

Only if there was someone to step up as a leader and set up an organization combining all nba, nfl, actors, singers, etc... who combined have billions of dollars who have grown up in poverty stricken areas to fund a movement like that.

Maybe Mutombo who is building a hospital in Africa could give some of these guys some pointers.
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Nalod
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7/3/2008  12:07 PM
Posted by playa2:

If the NBA REALLY CARED for the young players today, they wouldn't just have someone get up in front of them for a few minutes or a day.

The method they are using might be well taken by past generation ball players, but these guys make a significant more amount of money in such a short amount of time it ain't funny.

IMHO to reach this generation the NBA should put together a filmed documentary of interviews done with former players who never planned for their future and thought the money would last forever.

We live in a video generation now, so if you really want to get something across to young people you don't just lecture them with knowledge, you also put it in a cinema(video) type form, then you would get their undivided attention.

Show them the players who played decades before them who also thought they knew it all, have them explain and discuss their extravagant lifestyles and baby making adventures.

Then after you show the bad news on what not to do, show a video on those who made some intelligent and wise decisions after playing ball and then have some financial experts to give some sound advice on what to do with some of their money that won't even affect their current lifestyle.

This would show me that the NBA "really cared"

Maybe cartoons can help.

Don't blame the NBA, the Union does plenty to help them.

Instant money is not an easy thing to digest.
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