17 February 2008

NBA players are not so good with money

The NBA Players Association reports that 60 percent of NBA players go broke within five years of leaving the league.

That's astounding, yet the cynical part of me is not surprised. The lowest-paid players get hundreds of thousands of dollars a year, the highest tens of millions. They quickly establish an expensive lifestyle, huge houses, multiple cars, parties, gambling, etc.

Saving money is not exactly on the radar.

So once the well dries up, they're finished.

This also underscores the problem with throwing money at social problems like poverty. People can always spend whatever money they have, no matter how much it is. Unless they have the ability to manage it, all the money in the world won't do much.

On a happier note, Dwight Howard is insane. His off-the-backboard-around-the-front dunk was the best dunk I've ever seen. Here's a Youtube video of his performance last night.



Amazing.

7 comments:

Stu said...

I have to say I really (as in really really) liked the "blow out the candle" dunk a little better than this.

Sure this one was more difficult in a technical sense (and more impressive to boot). I just thought that the candle dunk was a bit more creative :)

Stu said...

I also have to say, I think the behind the backboard dunk was more impressive than his final dunk (it wasn't even a "dunk" for crying out loud... just a really "interesting" and "long jumping" push jump shot... if you want to be technical :))

Stu said...

I suppose I should stop commenting... but I should correct myself... I was just referring to the "superman" dunk. Not his last dunk.

Filbert Karo said...

the superman dunk was awesome.

and like stu, i liked the candle dunk better.

The Village of Randomity said...

SICK. That's the only word that I can use to combine Dwight Howard and dunking.

The Village of Randomity said...

I just decided that the dunk where he tips it with the left hand and dunks it with the right is the best one of the night. It was pretty good...

Graham & Heather said...

Wow that was awesome, thanks for sharing!