Basketball is one of the few sports where fans can get so close to the action and the players themselves. There are no helmets, hats or heavy padding. When you were in high school, you probably felt like you knew your hero personally.
But, the NBA will draft only three in 10,000 high school senior boys*. You’re one of the fortunate heroes now, but as you may already know, making the league doesn’t guarantee a lifetime of financial freedom.
The average NBA salary for the 2004-2005 season was $3,864,241, but 229 of the league's 468 players made less than $2 million, with the minimum for rookies only $398,762**. With the average career length in the NBA only 4 years*, that hero status and your earning power may have a very short life span.
The right financial planning now is critical to your family’s long-range financial future. We can help you explore your options and develop the financial plan that best suits your needs.
