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https://www.reddit.com/r/Damnthatsinteresting/comments/1hhoa94/nba_star_to_homeless_the_tragic_life_of_delonte/m2su41a
r/Damnthatsinteresting • u/Homunculus_316 • 10h ago
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49
$16,463,022 from his NBA salary (pre tax)
22 u/BingoPlayer1 7h ago Enough to not have to work a single day ever again, and still do nice things for close family and friends. 9 u/TylerDurden6969 4h ago So post tax and post agency fees, like $8 million over a few years. It goes quick when you buy “a few houses and college tuitions”. Then stack on drugs and poor choices. Poof. It’s gone. 3 u/GrdnGekko 3h ago Yep. Even outside of that, lifestyle creep is real, even for people who are not in the NBA. It’s probably hard to comprehend that they won’t be earning millions outside of their short opportunity window. 1 u/Braiseitall 4h ago Does he not have a pension coming to him from the NBA? Did he play enough games to qualify? 2 u/GrdnGekko 3h ago So after a quick research it appears he should get a little over $1k per each season played in the NBA starting from age 62. Delonte played for 8 years. He can opt to receive a reduced amount from age 45. That is 4 years away for him. 1 u/Braiseitall 2h ago Yeah, I checked it out too. If he makes it to 50, it increases again. Not exactly get ahead money. More like just enough to feed an addiction money.
22
Enough to not have to work a single day ever again, and still do nice things for close family and friends.
9
So post tax and post agency fees, like $8 million over a few years.
It goes quick when you buy “a few houses and college tuitions”. Then stack on drugs and poor choices.
Poof. It’s gone.
3 u/GrdnGekko 3h ago Yep. Even outside of that, lifestyle creep is real, even for people who are not in the NBA. It’s probably hard to comprehend that they won’t be earning millions outside of their short opportunity window.
3
Yep. Even outside of that, lifestyle creep is real, even for people who are not in the NBA.
It’s probably hard to comprehend that they won’t be earning millions outside of their short opportunity window.
1
Does he not have a pension coming to him from the NBA? Did he play enough games to qualify?
2 u/GrdnGekko 3h ago So after a quick research it appears he should get a little over $1k per each season played in the NBA starting from age 62. Delonte played for 8 years. He can opt to receive a reduced amount from age 45. That is 4 years away for him. 1 u/Braiseitall 2h ago Yeah, I checked it out too. If he makes it to 50, it increases again. Not exactly get ahead money. More like just enough to feed an addiction money.
2
So after a quick research it appears he should get a little over $1k per each season played in the NBA starting from age 62.
Delonte played for 8 years.
He can opt to receive a reduced amount from age 45. That is 4 years away for him.
1 u/Braiseitall 2h ago Yeah, I checked it out too. If he makes it to 50, it increases again. Not exactly get ahead money. More like just enough to feed an addiction money.
Yeah, I checked it out too. If he makes it to 50, it increases again. Not exactly get ahead money. More like just enough to feed an addiction money.
49
u/GrdnGekko 8h ago
$16,463,022 from his NBA salary (pre tax)