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Michael Carter-Williams doesn’t see a dime of his NBA salary… yet

Dec 2, 2013, 12:45 PM EDT

mcw.bulls.rose

Tales of pro athletes burning through the millions they’ve made are too commonplace these days.

The one about Allen Iverson never bringing bags on the road and purchasing new clothes in every city they went to is a personal wtf/fave of mine.

But every now and then a guy comes along and wins Player of the Week honors in his first days in the NBA. And he also just happens to have family around to keep his finances in check. Or, more specifically, in the case of Philadelphia 76ers rookie Michael Carter-Williams, keep his paychecks locked up in a trust for a couple of years before he can ever touch them.

From a profile on the talented rook by the Inquirer’s Keith Pompey (via CBS), talking about MCW’s mom keeping things in order:

Nowadays, Carter-Zegarowski and her best friend, Tracie Tracy, are running his management team. They are taking a proactive approach to make sure he doesn’t spend all his money in a couple of years.

His rookie contract guarantees him $4.5 million over his first two seasons. He could make a total of $10 million if the Sixers pick up the final two seasons of his contract.

But his salary is deposited into a trust he can’t touch for three years. Carter-Williams is living off endorsement deals with Nike and Panini trading cards.

This is amazing for multiple reasons. First, that lady’s name is Tracie Tracy. Amazing. And second, players of MCW’s caliber do so well financially they can live off of their second or third income alone. Baller.

Hopefully he’ll turn into an All-Star down the road in Philly and those paychecks coming from the team will balloon to the point where that $4.5 million is just fraction of his wealth.

  1. will - Dec 2, 2013 at 12:52 PM

    tracie tracy. that’s just fantastic.

    Reply
  2. Jim Munnis - Dec 2, 2013 at 2:53 PM

    Is Tracie Tracy related to Kelly Kelly???

    Reply
  3. Andy Schreiber - Dec 3, 2013 at 12:36 AM

    If only AI had this kind of help back in the day.

    Reply
  4. Greg - Dec 3, 2013 at 1:03 PM

    This whole article is silly. He is not exactly roughing it living off two six/seven figure endorsement deals. It is actually insulting to normal people who will never even approach this kind of money. Why is it newsworthy that someone could save a salary and live off of another large salary.

    Reply
    • Abe Lincoln - Dec 3, 2013 at 1:26 PM

      You missed the point, Greggy. The article is not about how he’s roughing it. Its about how he’s managing his money so that he doesn’t have to rough it in the future. How about you go take your “Have/Have Nots” spiel to an Occupy Wallstreet event. They’re still popular, right?

      Reply
    • biggirlcookiemonster - Dec 5, 2013 at 11:53 AM

      I might not be as fortunate as he is and I am definitely not a hater either. Honestly, god for him!

      Reply
      • Cadiblack32 - Dec 9, 2013 at 11:19 PM

        Yeah god for him


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