There’s been far too many cases of NBA players going broke after leaving the league, so it’s no surprise current NBA players have become smarter on how to spend their money.
Take former Minnesota Timberwolves player Latrell Sprewell, who declined a three-year, $21 million contract from the Wolves back in 2004, stating “I have a family to feed … If Glen Taylor wants to see my family fed, he better cough up some money. Otherwise, you’re going to see these kids in one of those Sally Struthers commercials soon.”
Fast forward four years, and Sprewell was deep in financial trouble, unable to pay repayments on his boat and house, with both being repossessed by the bank.
Thankfully, since the days of the early 2000’s, when even Allen Iverson was having money issues at one point, players have become more savvy, hiring financial advisors and spending their paychecks carefully. But the Los Angeles Clippers Lou Williams may be one of the most frugal players in the league, almost to a fault.
Williams explained on Twitter how his spending habits have changed since he entered the league back in 2005.
“I stop caring about fashion maybe 5-6 years ago. I bought a gucci t shirt for $400 wore it once, washed it, and decided i wouldn’t make a habit of buying that stuff. Polo tees. Slim fit medium. 3 for $40.”
3 polo tees for $40? That’s a bargain.