Too much, too little on dining? You can easily spend 10k on eating out in a years time.
Tyler Herro
- Thread starter ukhoops1_rivals58511
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i am guessing he spent a lot more than 10k.
Especially if he had a party in NYC with his family, friends, and agent.
Meh, he’s killing it so far. He already has a guaranteed multi year contract worth like $14 million and he will absolutely get another multi million $ contract in a few years.
He’s splurging a little but he’ll be aight.
He’s splurging a little but he’ll be aight.
There’s no income tax in the state of Florida. Outside of an agent’s fee I really don’t know what else would be taken out. Agents typically receive a 4% fee on NBA contracts. This also doesn’t include endorsement money.
Would still leave him north of 2 million not including endorsements. Considering that car was his biggest purchase for him I’d say he’s handling his money better than most would.
Not on their team contracts. They can get 10-20% on their endorsements. I believe the max is 4% on player team contracts.
I see nothing, aside from maybe the MB, that will appreciate in value.
Dude needs a financial advisor big time.
Presuming he doesn't become injured. Even $14 million, which sounds like a lot, can be spent away very quickly.
IF he hasn't invested this money he may wind up selling insurance one day.
Federal income tax. What about a shoe contract, he probably has one or will have one.
State income taxes are 6 7 8 in general so Florida being no tax is not huge. Uncle Sam does not pass on taking a bite. 35%+. Sales tax on everything he purchases. Another 6%. He easily could have nearly half taken by other entities.
Or he may not lol? Selling insurance one day? Cmon that’s silly.
Don’t hate. Herro is a good dude with a good head on his shoulders. Smart, good family. He will be fine. He currently has a net worth of about $10 MILLION $ and (barring injury...) will probably get at least a $50 million contract in 2 years.
My maximum sunglasses budget is $5 and will remain that way for life.
I broke a pair of fancy Oakleys diving for a fly ball in high school. College me lost a pair of Raybans on campus. Adult me drunkenly donated an expensive pair of Oakleys to the bottom of Lake Cumberland.
Lake Cumberland has eaten a lot of sunglasses, car keys, etc.
He paying $20k for a private chef! Doesn’t eat out maybe all that often, but you guys are probably correct in that he spends more than 10k on eating out. Do the Heat provide meals on road trips?
he actually spent $10k on sunglasses (10 pair at $1k each), but he only spent $670k of the million. A few of you must have missed the part where he said the FIRST thing he did was hire a financial planner and put money up so he never has to worry about life after basketball. Read people, read, or listen. I had the CC on because I was at work. he is not blowing thru money, he just rewarded himself and his family when he made it big. Also, loved the bleacher Report deal called "Take it there with Taylor Rooks" She interviews him on a nice boat. it is a cool little feature they do with different players. the Ja Morant one is good, Chris Paul is also a good one, Shai is there at a bowling alley with Paul and Taylor Rooks. Check them out.
I had to learn the hard way as well. Cave Run and Guntersville have a few pair of mine, oh and the ocean. My budget is $20, where can you buy sunglasses for $5 lol? Walmart don't even have those. You getting Dollar Store glasses?
Hell yeah.
Got my most recent pair for $4 at dollar general. Pair before that came from Dollar Tree.
I only need them for driving and limited outdoor activities. My last Dollar Tree pair is wherever the Barren River goes. Fell off my hat bill while kayaking. There’s a reason I don’t get good ones. Lol.
Hahaha you sound just like me, can not keep a pair. I'm a muskie fisherman a lot of time and need polarized ones to see the follows, dollar tree make those or not? lol I get mine in the fishing section of Walmart.
The NCAA should allow athletes to attend "Life" classes that focus on such things. Doubt Tyler is silly enough to waste his money but look at how many athletes end up broke after their careers are over.
Herro is fortunately being very smart about it all. Already has hired a financial planner and has already put away enough money for him to live comfortably for the rest of his life even if he doesn’t make another dime. He will though. He’s got a net worth of about $12 million as we speak and will most assuredly get at least about $40-$60 million on his next contract in a couple years.
He being smart about the money and saving some. He also doesn't have to worry about income tax for half of his games
60K for clothes? 60K apartment? 200k for a car? That boy ain’t as bright as I though the was.
I can see clothes (image)...
I can see apartment (location/security)...
But the $200k car made me flinch a little.
Wasn't he the one driving the Maserati around town right after declaring for the draft? What happened to that?
He spent it just fine. He’s getting like $14 million guaranteed and he WILL get a nice sized 2nd contract.
He/his parents have a good head on their shoulders. He went a little crazy as all of us would. He will be perfectly fine.
While I agree with that, I also think about all the people hurting during This lock down and then to see someone spending money this way, when they could use that money to help people in need makes me feel sick to my stomach.