Brooklyn Nets star says $1.33 million-a-year salary is not enough to rent an apa

[manl_lui]

It's always good to read the original source:

http://www.wsj.com/articles/rondae-hollis-jefferson-seeks-a-smooth-transition-to-the-nba-1442343927

It sounds like he's being smart with his money, and doesn't want to spend $96k per year on housing.  He's considering moving into the city when the new Brooklyn practice facility is opened, though, because he doesn't enjoy the commute.

He could buy a place pretty easily. Bank would loan him whatever he needs within reason. Could get a nice apartment/townhouse for $1.5 to 2 million and get some growth rather than rent for 60-80k a year. His deal is guaranteed and he should stop ****ing and buy.

I agree as well, however, I think it's still respectable that he's trying to be financially responsible. Maybe he will buy a house sometime in the near future

[slamtheking]

tough to feel pity for someone making 1.3 mill a year playing a kid's game.  even if a good chunk of that is lost to paying taxes, agents and other non-negotiable/discretionary obligations, there's a lot of people in NYC/Brooklyn that have to get by on making much less money while working real jobs.

Yeah, no pity for the guy, just saying he doesn't have 1.33 million to work with, or particularly close to it. 

If anything, despite the grumbling I think it speaks well of him.  Better to be frugal about housing than blowing his money trying to get the most badass place he possibly can like a lot of players do.  Save your money til the 2nd contract at least.

sounds like we're on the same page then. 

[Tr1boy]

And he is no star. Not now anyways. Maybe the NBA should look into this "problem" and raise rookie salaries.   

[the_Bird]

Good for him.  I mean, what percentage of NBA players end up broke within five years of retirement?  Even if he *could* afford to live in the city if he'd rather save the money then that's, frankly, to be commended. 

[D.o.s.]

And he is no star. Not now anyways. Maybe the NBA should look into this "problem" and raise rookie salaries.

Cosigned, but only if Ainge drafts me with one of his picks in the next few years.

[Roy H.]

Random question, but what's the in-season per-diem?  I think that that is technically separate from salaries, but it's never mentioned.

EDIT:  Research indicates it's somewhere between $106 and $127 per day when the team is on the road (plus, obviously, travel and hotel).  It won't make you rich, but I'll take it.

[TheTruthFot18]

Not that I feel bad but should the NBA be a little responsible for this?

Think about when you work for a company, your position gets paid X dollars but if you worked in New York City, Boston, SF, LA, etc vs. Memphis, Detroit, Oakland, etc you would be compensated more for cost of living.

Maybe playing and living in Minny or Utah is not as flashy as NYC or Miami but they sure get more bang for their buck.

[bdm860]

Not that I feel bad but should the NBA be a little responsible for this?

Think about when you work for a company, your position gets paid X dollars but if you worked in New York City, Boston, SF, LA, etc vs. Memphis, Detroit, Oakland, etc you would be compensated more for cost of living.

Maybe playing and living in Minny or Utah is not as flashy as NYC or Miami but they sure get more bang for their buck.

Are you saying a team like the Knicks should be able to pay players more because the cost of living there is higher?

[D.o.s.]

Random question, but what's the in-season per-diem?  I think that that is technically separate from salaries, but it's never mentioned.

EDIT:  Research indicates it's somewhere between $106 and $127 per day when the team is on the road (plus, obviously, travel and hotel).  It won't make you rich, but I'll take it.

Yeah it's a little over $100.

[Roy H.]

Not that I feel bad but should the NBA be a little responsible for this?

Think about when you work for a company, your position gets paid X dollars but if you worked in New York City, Boston, SF, LA, etc vs. Memphis, Detroit, Oakland, etc you would be compensated more for cost of living.

Maybe playing and living in Minny or Utah is not as flashy as NYC or Miami but they sure get more bang for their buck.

I would actually be curious.  If you polled the average rookie, would they rather play in NYC (high taxes, high cost of living) or Salt Lake City.  Yeah, they'd make more money in Utah, but would that be enough?

Miami is a bit different, because there's no state income tax.  The appeal of the city, plus the favorable tax situation, makes it a no-brainer for rich single guys.

[GC003332]

Not that I feel bad but should the NBA be a little responsible for this?

Think about when you work for a company, your position gets paid X dollars but if you worked in New York City, Boston, SF, LA, etc vs. Memphis, Detroit, Oakland, etc you would be compensated more for cost of living.

Maybe playing and living in Minny or Utah is not as flashy as NYC or Miami but they sure get more bang for their buck.

One might argue that living in major market places gives you a greater chance to increase your earning capacity through off the court deals, endorsements etc

[KG Living Legend]

Tp to Rhj, for actually counting his dollars now, no I don't think he should buy a house or rent for 100k a year. I think he should slum it with his buddies for now until hopefully he earns his second contract, he can always get a nice hotel if he meets a lady Freind.

 Hats off to the kid, I bet he will be one of the few that are not broke after his career is over.

[slamtheking]

Tp to Rhj, for actually counting his dollars now, no I don't think he should buy a house or rent for 100k a year. I think he should slum it with his buddies for now until hopefully he earns his second contract, he can always get a nice hotel if he meets a lady Freind.

 Hats off to the kid, I bet he will be one of the few that are not broke after his career is over.

and hopefully those roomies will help him appreciate how much more difficult it is for them not raking in that kind of money.

[SHAQATTACK]

I could crib it up and make do about anywhere at that age.

But most of these guys seem to have to have an " entourage" of friends and family they feel obligated to "keep up" and hang out with .....paying for everything.

Not feeling much sympathy ......after being a homeless college grad once my self.

[BornReady]

Yeah but players don't usually want to buy a house right away
As they can get traded
So could end up buying a house at one city then have to move to another the next season