he would probably say it would be life changing for Trey Galloway
Romeo about to be out of the league?
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Again, you're only looking at it by your own definition. 20 million, 16 million, 9 million are life changing amounts. My cousin in college was digging around in a used couch for his car keys and pulled out a wad of about $10K. He and his roommates flew to NYC for the weekend and blew it. That's not life-changing. But, if on $9 million you can do that almost every weekend for 5-10 years on top of buying your parents a home and yourself a Maserati, then yeah, that's life-changing, you just didn't make the best choices.
No it wasn't. Early in the year he wasn't projected to go in the draft at all or 2nd round at best. It wasn't until Jan after he showed he could run a team that be became a 1st round pick.
But, yes, from Jan on it was expected.
You don't need to win the PowerBall to comfortably provide for your family for the rest of your life Sherlock.
Actually winning the Powerball could be worse. If you take the 1 time payout, I think it comes out to about half the total payout, which is paid in 20 annual installments. And I think when the Powerball prize resets, it starts around 25-30 million dollars, so half of that in a 1 time payout is less than what Romeo's career earnings have been so far, and that's before any endorsements!
There is no chance romeo will provide for his family for the rest of his life based off this money only.
"Hey Grandpa! My AI clone sent me an article that showed you playing basketball in a Boston Celtics jersey?! You never told me you played in the NBA!!!"
"Oh, yeah, I guess I did Lil Mini Romeo. I always forget about that time in my life...so insignificant. In fact, it was such a nothing burger that I enrolled in community college right after because that's what I would have done if I hadn't played those 5-6 years of basketball. Just picked up where my life would have went without basketball. Can't remember where all that money went?! Hmmm, oh well."
"Oh, yeah, I guess I did Lil Mini Romeo. I always forget about that time in my life...so insignificant. In fact, it was such a nothing burger that I enrolled in community college right after because that's what I would have done if I hadn't played those 5-6 years of basketball. Just picked up where my life would have went without basketball. Can't remember where all that money went?! Hmmm, oh well."
Let’s hope so on Harper, but don’t give JHS credit for that one just yet. That said, four year players can tout the experience to others just as well as those 5-star one’ers.
I'm not saying Romeo will or won't be able to live off this money for the rest of this life but you have zero concept of the real world if you don't think $9-10 million is enough to live comfortably off of to the extent of never having to worry about working to provide for your family.
Figured you'd learn that after 7 years of school.
I learned a lot, enough to make much more than you ever have per year. I also have much more real life experience, and realize the reality is most young people are going to spend far more of the money given to them rather than save it. Whether it be 100k or a million. It goes quick when you are 20 years old. That is the reality.
Laugh out effing loud
$500 is life changing money if caught stealing it from a Speedway gas station.
No chance? He'll have gotten 8 million in NBA earnings. Probably another million overall from whatever endorsements he's done. I believe he had a New Era one at some point. I doubt that was for nothing.
Average male lives what, 75 years...so 50 ish more years. If he's relatively frugal, he might have spent half of it. 4-5 million, that's 75-100K a year for 50 years. If he were to invest even a million of that, he could probably have 150K ish a year for 40 years, then more than that a year for his twilight years.
And that's if he literally doesn't earn another penny. So it would be possible. However unlikely.
Since you and Bloom are just assuming he blew all that money...to make your point...I'm going to assume he invested 2 million bucks in early 2020 in Bitcoin...bought in at 10K, sold at 50K a year or so later. Reinvested that money in to the market right before Covid, and doubled it. So he's currently worth about 20 million bucks.
Or...he'll either get another NBA contract in the 2 million per range...or he'll parlay his NBA stint in to a good overseas career for the next 4-5 years where he makes 4-500K a year. He'll then come home and partner with some businessman in Southern Indiana and put his name on 8-10 car dealerships...making himself a passive 700K-1M a year off that. On top of that, he'll partner with some other people to start the Romeo Langford basketball academy. A Spiece like southern Indiana sports complex, that'll be more of a tax write off, but it'll be pretty big in Southern Indiana as well, and generate some decent cash every year. That window will be probably about 5 years after his playing days are over. So he'll have had 15 years or so since HS to figure out what he wants to do with his life. By then, he'll have played in the NBA, played overseas, owned a company, and started a kids bball program...All because he was a horrible shooter that got lucky and had coaches that just allowed him to keep shooting, and keep shooting.
My and Bloom assumptions are based on facts about young NBA athletes. Literally documentaries about it. You just made up some BS that would also be worthy of a documentary.
The NBA stopped letting him shoot lol. He never played.
Forget about it.
You're arguing with somebody who needed 6 years to get a BS degree who is still likely single in their mid to late 30's. Literally the last person in the room anybody needs to be taking some kind of advice from.
Are we not talking about money? Wouldn't someone that is much closer to their 20s than 80s, and someone that has made significant money in that time frame be the one that would have more of a feel for this conversation.
You have been retired for what a decade? WTF do you know about 20 year old athletes spending habits. I currently give athletes NIL deals and know their spending habits very well.
Tell me about your real world experience here gramps. Im all ears.
Stop making sense old man. Bad bidnez here.
I’ll raise your 2 pesos and add a Modello (now America’s number 1 selling beer).
The allowance money you gave Tamar to get Taco Bell on the weekends doesn’t equate to a fraction of the real world money we’re talking about in this situation.
Sean I stand absolutely nothing to gain discussing real world applications with you because you haven’t a clue. It is a waste of my time.
For f***s sake, you can't define "life-changing" money. For someone struggling to feed his or her family, that might mean $100; for someone who wishes to live a lavish lifestyle, it might be $100 million.
Has he stepped inside Assembly Hall since he graduated? That is, any urinal sightings if not stall squeakers to vouch for…things of that nature seen or heard? If not, why not? Did he find Zero Tolerance bothersome, so much so that he couldn’t let go at some point? I know he’s a Christian man in which forgiveness is often stressed.
you are being very disrespectful to coach geez. he is the most knowledgeable poster basketball wise on this board. Romeos finances who the hell knows? can you live a comfortable life and never work again if you have 10 million banked at the age of 23 hell yes. everyone is making all kinds of assumptions about something they know nothing about. Romeo came from a middle class 2 parent background. was slated for the NBA since he was about 15 years old. do you think it's possible that he has hired some great financial advisors? do you know for a fact he has paid taxes at a 40 percent rate? the tax system favors the rich and high earners is it possible he has used some loopholes to avoid paying at such a high rate? Antoine walker blew through a 180million in earnings. rob Gronkowski reportedly has never touched a dollar of his NFL earning, has lived off other sources of income. Romeo's career could be looked at as disappointing. so was Steve Alford's do you think he's broke?
He has. I saw him give a speech there during the Davis years. Might been the 25th anniversary celebration of the 76 team in 01. Can't remember anymore.
Can someone lock this thread? Between dudes who can't play a lick themselves judging NBA players and people who will never make 8-9 million in their lives commenting on what defines wealth, I think we've hit rock bottom.
Maybe Romeo has great spending and investing habits. I know no one on here knows.
Maybe Romeo has great spending and investing habits. I know no one on here knows.
IU has had great players and extremely irritating when so many posters here install a player in IU’s pantheon and then the NBA’s simply because some idiots rated them five star and they have a slam highlights video production on FaceTube.
The negative (but true) comments are often a reaction to the cluelessness of the five star fanboys that are overactive at the outset.
The negative (but true) comments are often a reaction to the cluelessness of the five star fanboys that are overactive at the outset.
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Absolutely nothing wrong with self defense etc. It's why my father (Marine) would always have me training in boxing from age 7- up til I got out of it in my late 20s. Also the 2A. Everywhere and everytime.
But the first contract money can most definately be life changing money in your early 20s if you do it right. But this is also coming from someone who only averages 76-95k a year. Not what most of these heavier hitters earn.
That kind of talk comes with being about 5'9" small hands, prostitutes while traveling and baby boobs.
Easy. You are describing your hero, except he wears depends on tour now.
I thought he would be an nba player for sure. Could be wrong, but still could be right. Much stranger things have happened.
I don't even look at Tamar's 3 shooting. He had to be among the very worst drivers of the ball to the rim that IU has had. He just had such a hard time finishing a drive. I don't know if it was a coordination issue, bad hands, lack of concentration or what. He reminded me of Geronimo taking it to the rack. Not pretty.
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