Monday, March 30, 2009

Joakim Noah on basketball players' business habits

Joakim Noah, power forward/center for the Chicago Bulls:

People say, "How come NBA players lose all their money?" It's because we're making money like a 40-year old businessman would make. If a 40-year old businessman made money like us, he's very successful. Right? But at 40 years old, you're established, you have a family, you don't have people pressing you for money, you know what I'm saying? We're 23. Single. A lot of people are single. A lot of people come from areas where they don't have the means, and don't understand the whole money situation. They don't understand that when it says $1.5 million, half of that goes to taxes, and the house, and the agent. I mean, it goes.

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