poor j. smith

[pastis]

Smith will make $1.5M from the Clippers this season, and will also get a reported $5.4M annually through 2020 from Detroit -- but wants more: "At the end of the day I do have a family. So it is going to be a little harder on me this year. But I'm going to push through it and try to do something long term after this year."




:applause: :applause: :applause: what a loser. so many people in the us without any insurance or with less than 1k a month.

smith getting 7 mio a year and its getting hard because he has a family.

[Nuff Said]

I don't u understand his reasoning. Is he not making enough to sustain his family?

[Clifton]

When you have a family, you always want more money. It's natural.

It takes an extraordinary amount of perspective to say to yourself, "No. I have enough." Because you can always have more. Maybe you can pay for your kids to attend private school and private university... now you want enough to buy them a house when they move out. Give them a trust fund of their own.

I've never known someone who was worth more than $1 million to stop trying to get more money for one reason or another. Some are motivated by family, some by luxuries, some by charity. Others by what was called "empire-building" (or what is "the empire business?") in Breaking Bad. But nobody stays put with millions of dollars. You wouldn't either if you were in that position, probably.

But this does sound an awful lot like the Sprewell situation. JSmith's career could very well be over at any point. His ceiling is quite high, as we saw in the Clippers series, but his floor is as low as Lamar Odom's.

[LoneyROY7]

Earn that money, son. :applause:

[Nuff Said]

When you have a family, you always want more money. It's natural.

It takes an extraordinary amount of perspective to say to yourself, "No. I have enough." Because you can always have more. Maybe you can pay for your kids to attend private school and private university... now you want enough to buy them a house when they move out. Give them a trust fund of their own.

I've never known someone who was worth more than $1 million to stop trying to get more money for one reason or another. Some are motivated by family, some by luxuries, some by charity. Others by what was called "empire-building" (or what is "the empire business?") in Breaking Bad. But nobody stays put with millions of dollars. You wouldn't either if you were in that position, probably.

But this does sound an awful lot like the Sprewell situation. JSmith's career could very well be over at any point. His ceiling is quite high, as we saw in the Clippers series, but his floor is as low as Lamar Odom's.

Nah judging from that quote it doesn't sound like he was wanting more money just to have it. It sounded more like his family would be struggling with the money he'll be making. Like it's not enough to provide for them. Or maybe he's providing for his extended family as well like Hammer did.

[Xiao Yao You]

what a douche!

[QuebecBaller]

http://static.vibe.com/files/article_images/latrell%20sprewell%20arrested.jpeg

[boozehound]

When you have a family, you always want more money. It's natural.

It takes an extraordinary amount of perspective to say to yourself, "No. I have enough." Because you can always have more. Maybe you can pay for your kids to attend private school and private university... now you want enough to buy them a house when they move out. Give them a trust fund of their own.

I've never known someone who was worth more than $1 million to stop trying to get more money for one reason or another. Some are motivated by family, some by luxuries, some by charity. Others by what was called "empire-building" (or what is "the empire business?") in Breaking Bad. But nobody stays put with millions of dollars. You wouldn't either if you were in that position, probably.

But this does sound an awful lot like the Sprewell situation. JSmith's career could very well be over at any point. His ceiling is quite high, as we saw in the Clippers series, but his floor is as low as Lamar Odom's.
the point is that his measly 1.5 million (not including the money from detroit) is the equivalent of a 50k (more than the average US wage) yearly salary for 30 years.........


If he has trouble taking care of his family on a million bucks, this goes beyond just perspective. Anyone who can make these types of comments is massively out of touch with reality.

[Velocirap31]

He'll be one of the broke ones in ten years.

[Haymaker]

Most ballers are stupid. They buy these huge homes when they have like, a wife and two kids. They also spend in expensive cars and shit instead of investing their money wisely.

[Clifton]

Nah judging from that quote it doesn't sound like he was wanting more money just to have it. It sounded more like his family would be struggling with the money he'll be making. Like it's not enough to provide for them.
You're right. But that is how people talk about and negotiate over money. Anyone who's ever bought a car knows this. It's automatic and you don't think about it. He shouldn't be saying things like that... or he should be phrasing them differently... but sometimes things come out stupid.

I'm not denying the words he said were out of touch with reality. Most people with national exposure and/or a great deal of money are out of touch with reality. It goes with the territory. There is another reality for people like that, which most of us will never go near. In that world, you buy $200,000 cars, and you have your clothes shipped to you when you travel. In this world, you look on Craigslist for a $2,000 car that looks legit, and take books out of your bag and stuff them into your jacket at baggage check so you won't get fined by Southwest.

[triangleoffense]

god some NBA players are so entitled..

"at the end of the day I have a family"

say that to the millions of families in ACTUAL poverty

[HylianNightmare]

Maybe he should invest

[kennethgriffin]

this means hes blowing through 6 mill+ a year


bankrupt within 5 years after hes retired

he has ZERO money saved basically... thats what hes saying

[kennethgriffin]

a salary to do basically whatever you want and buy your wife/kids anything they desire is 100k a year

youre set...


50-60k is enough to have a good life


30k is enough to sustain a family


20k is enough to live on your own

[Lakers Fan]

http://static.vibe.com/files/article_images/latrell%20sprewell%20arrested.jpeg

:oldlol:

Don't forget Patrick Ewing. “Sure we make a lot of money, but we spend a lot, too" :oldlol:

http://cdn.bleacherreport.net/images_root/slides/photos/000/920/452/235223_crop_650x440.jpg

If they ever charge for air, he's gonna need every cent of those millions just to stay alive.


Make your money boys, just don't appeal to hard working Americans sympathies, that you need more to just to get by.

[kennethgriffin]

people need to understand that 3 out of 4 lottery winners go bankrupt


because theres a reason average people arent rich to begin with. theyre not meant to have allot of money.


stupid people stay stupid whether or not theyre getting paid to throw a ball at a rim


give a dumbass 100 million dollars and that dumbass will find a way to spend it all in under 5 years


the only reason those dumb idiots arent bankrupt during their career is because the nba only gives them 100k every month



so they get 10 credit cards and line of credits... put everything on interest/loan

pay 10% every month. blow the rest. then after theyre retired the bank collects everything they own cause they cant make the payments anymore.

[el gringos]

a salary to do basically whatever you want and buy your wife/kids anything they desire is 100k a year

youre set...


50-60k is enough to have a good life


30k is enough to sustain a family


20k is enough to live on your own
Your parents still have a lot to do to prepare you for the real world.

[MEB2kDeez]

people need to understand that 3 out of 4 lottery winners go bankrupt


because theres a reason average people arent rich to begin with. theyre not meant to have allot of money.


stupid people stay stupid whether or not theyre getting paid to throw a ball at a rim


give a dumbass 100 million dollars and that dumbass will find a way to spend it all in under 5 years


the only reason those dumb idiots arent bankrupt during their career is because the nba only gives them 100k every month

so they get 10 credit cards and line of credits... put everything on interest/loan

pay 10% every month. blow the rest. then after theyre retired the bank collects everything they own cause they cant make the payments anymore.

That's the truth tho..

[Cocaine80s]

My parents only make about $1 million a year and trust me it does get rough sometimes. Lets stop being judgmental and realize how expensive living costs are. He is an nba player and probably has multiple kids so 1.5 million would be tough for him

[kamil]

I don't u understand his reasoning. Is he not making enough to sustain his family?

A LOT of NBA players are complete retards when it comes to things off the court.

People are getting by on 30k/year... and he cant get buy with multiple millions of dollars?

[Uncle Drew]

I'd almost hope he goes bankrupt after his career. What a phony.

[33teeth]

Your parents still have a lot to do to prepare you for the real world.

Seriously. $100k is barely scraping by where I live. You surely aren't doing whatever you want unless that means living in a modest dwelling, driving a used car and eating what's on sale at the grocery store.

It's not near poverty but it's below average and not enough to even roll middle class.

[FireDavidKahn]

[QUOTE=Lakers Fan]:oldlol:

Don't forget Patrick Ewing.

[FireDavidKahn]

Seriously. $100k is barely scraping by where I live. You surely aren't doing whatever you want unless that means living in a modest dwelling, driving a used car and eating what's on sale at the grocery store.

It's not near poverty but it's below average and not enough to even roll middle class.
100k would be fine anywhere in the world:roll:

[buddha]

I don't u understand his reasoning. Is he not making enough to sustain his family?

bro he has 5 super cars he has to payoff.

[Droid101]

Seriously. $100k is barely scraping by where I live. You surely aren't doing whatever you want unless that means living in a modest dwelling, driving a used car and eating what's on sale at the grocery store.

It's not near poverty but it's below average and not enough to even roll middle class.
:roll:

[Thunderfan86]

a salary to do basically whatever you want and buy your wife/kids anything they desire is 100k a year

youre set...


50-60k is enough to have a good life


30k is enough to sustain a family


20k is enough to live on your own
Yeah, you can live off that amount here in Oklahoma. Being Native American makes it even better......they gave me a free house and all kinds of other benefits. Apparently, white people did some horrible things to my people in the past and because of that I get to live like a king today.

[bluechox2]

james harden hooked him up with a line of strippers to take care of, that family needs some lovin

[Nash]

didn't sacramento offer him big money that he turned down? with sac money + detroit money he would have been set

[TripleA]

He was misquoted look at the press conference he said it was tough to be away from his family. How about you look at the source before you attack a dude.

[JimmyMcAdocious]

I guess you can live off 20k without a family, but you better not have a girl (unless she's your sugar mama) and you're in deep shit if something happens like your car breaking down.

[kennethgriffin]

Seriously. $100k is barely scraping by where I live. You surely aren't doing whatever you want unless that means living in a modest dwelling, driving a used car and eating what's on sale at the grocery store.

It's not near poverty but it's below average and not enough to even roll middle class.

you can rent a nice house for 2000 a month ( 24,000/year )

lease a really nice car for 500 a month ( 6,000/year )

spend 500$ on groceries a month ( 6,000/year )

spend 130$ on car insurance a month ( 1,560/year )

spend 500$ on clothes a month ( 6,000/year )

spend 150$ on cable/internet a month ( 1,800/year )

spend 300$ on alcohol a month ( 3,600/year )

spend 500$ on entertainment a month/movies/games etc.. ( 6,000/year )

spend 1000$ on escorts a month ( 12,000/year )

spend 500$ on strippers a month ( 6,000/year )


thats 66,960$ total

and you still have 33K to buy some dumbass shit for your family or invest



you'd have to be a god damn f*ggot not to be able to live comfortably on 100k a year

[Rake2204]

He was misquoted look at the press conference he said it was tough to be away from his family. How about you look at the source before you attack a dude.I was totally ready to counter your take but listening to the press conference over again, with your perspective, I think that could hold weight, particularly since the sentence prior was "It wasn't about the money because of the Detroit situation."

I'm not sure if that's considered a misquote or not, or simply a poor conveyance of thought and subsequent misunderstanding. Then again, there wasn't much supporting speech alluding to uprooting, moving, or leaving his family, so it's tough to say with certainty either way.

[bigkingsfan]

you can rent a nice house for 2000 a month ( 24,000/year )

lease a really nice car for 500 a month ( 6,000/year )

spend 500$ on groceries a month ( 6,000/year )

spend 130$ on car insurance a month ( 1,560/year )

spend 500$ on clothes a month ( 6,000/year )

spend 150$ on cable/internet a month ( 1,800/year )

spend 300$ on alcohol a month ( 3,600/year )

spend 500$ on entertainment a month/movies/games etc.. ( 6,000/year )

spend 1000$ on escorts a month ( 12,000/year )

spend 500$ on strippers a month ( 6,000/year )


thats 66,960$ total

and you still have 33K to buy some dumbass shit for your family or invest



you'd have to be a god damn f*ggot not to be able to live comfortably on 100k a year

IRS / State taxes

- 30 to 40 k

[kennethgriffin]

I guess you can live off 20k without a family, but you better not have a girl (unless she's your sugar mama) and you're in deep shit if something happens like your car breaking down.


anyone can stretch 20k and even have 5 b*tches on the side


bare minimum costs


room mate rental, shared living house = 600$/month ( 7,200/year )

all included rental internet = 0$ /month

streaming sites for tv = 0$ / month

wifi phone app = 0$ / month

130$ a month car insurance ( 1,560/year )

don't drink alcohol unless with women

don't do drugs unless with women

300$ a month on food ( 3,600/year )

wear new clothes only on dates 300$/month ( 3,600/month )





thats basically 16,000 a year

4,000$ left over


83.33$ for every weekend to drug women or get them drunk beyond repair for cosby rape


easy peasy

[kennethgriffin]

IRS / State taxes

- 30 to 40 k


24% up here

off of 33k left over youre still looking at 9 grand left over even after living like a king

[Richie2k6]

It's all relative you idiots. He went from making 15m to just over 5m. 2/3 of his pay check was removed. It doesn't matter how much you're making, losing 2/3 of it hurts. He had a lifestyle that he lived with certain expectations and standards that he and his family were used to and he was used to providing. Now he has to downgrade. Don't take his words out of context - he never said "I dunno what I'm gonna do, my family has to eat". He did't Sprewell it. All he said is it'll be a bit of a struggle but he'll push through it. Go from working your ass off for years and building up to earning a salary of 90k a year only to be told by your next employer "welcome aboard, but over here we'll pay you 30k" and tell me you won't have to push through it. Sure he's not living in poverty and millions upon millions have it WAY worse, but guess what, he worked to build that income and a MASSIVE chunk of it was taken away. You don't adjust overnight. It's easy to say "5.4m is a lot of money, stop complaining" when your salary is 50k. It's not easy to say that when you salary WAS 15m.

[Clifton]

$100k is barely scraping by where I live.
The more money you have, the more it gets away from you.

I grew up an only child and my dad made $110k/yr. And we never had much of a buffer. Stuff always happens when you have money:

-First of all, if that's your income bracket, your cost of living is probably higher, both because that's the lifestyle proper to your position, and because you probably have to live in a more expensive area.

-Then income and personal property tax is huge.

-You tweak your knee, now you're paying for rehab instead of walking around with a slight limp the rest of your life

-A tree falls in your yard and nobody's around to hear it, does it make a sound? Dunno but it costs about $5-10k to remove and repair all the damage.

-Your car breaks down, $2000 to fix. Car breaks down again - time to buy a new car, because your life depends on having a reliable car because you work a high pressure job 40 minutes away in the city. You buy a new car because you don't want to deal with used car dealers and want a good warranty and a reliable car. $20-30,000, gone, poof.

-Oh, and needless to say, your wife has a car, and so does your son, and you might also have a truck or utility vehicle, you might also have an old Mustang you tool around with, you might also have a boat. All these require insurance as well.

-You work 40 hour weeks, spend another 10 hours a week driving, so you want to make the most of your 2 weeks vacation in the summer. That means a $5-10,000 vacation at least, because you need a good hotel, you don't want to have to cook, etc.

-And for that matter, you probably had to move to get this job, so you're far away from family. That means you're taking at least 2 plane trips a year to visit family, for Christmas and one other time. 500-1000 per person per flight.

-Oh and there's probably a wedding for someone you know, so that's another flight.

And on and on and on. We never really had money. This is largely because my parents were stupid with money. I know that. But most people are. You really need an education, or else the money goes in one end, out the other. That's how the American system works, and it's a select few who game it to their own advantage.

[midatlantic09]

Don't worry guys, your net worth's will likely be higher than his within the next 15 years as I have a strong feeling he'll be flat broke by then.

Get ready for an Antoine Walker situation all over again.

[midatlantic09]

you can rent a nice house for 2000 a month ( 24,000/year )

lease a really nice car for 500 a month ( 6,000/year )

spend 500$ on groceries a month ( 6,000/year )

spend 130$ on car insurance a month ( 1,560/year )

spend 500$ on clothes a month ( 6,000/year )

spend 150$ on cable/internet a month ( 1,800/year )

spend 300$ on alcohol a month ( 3,600/year )

spend 500$ on entertainment a month/movies/games etc.. ( 6,000/year )

spend 1000$ on escorts a month ( 12,000/year )

spend 500$ on strippers a month ( 6,000/year )


thats 66,960$ total

and you still have 33K to buy some dumbass shit for your family or invest



you'd have to be a god damn f*ggot not to be able to live comfortably on 100k a year

Yea, wouldn't it be nice to skip out on taxes...

[redboy]

the problem with this thread is that the relative cost of living is so different in different parts of the world to determine exactly how much you need to survive/thrive

[el gringos]

Yea, wouldn't it be nice to skip out on taxes...
Why would you pay taxes in fantasy land? You're already feeding a family on 500 a month plus you have all that cusion to buy them all that dumbass shit they want.

[LAZERUSS]

It will be tough on 7 mil a year, but with free cheese and food stamps, I think he and his family can survive.

Of course Sprewell wound up with the last laugh. He claimed he couldn't feed his family on 14 mil a year...and sure enough...he went broke.

[avonbarksdale]

god some NBA players are so entitled..

"at the end of the day I have a family"

say that to the millions of families in ACTUAL poverty


well none of those families have the talent that josh smith does to make millions per year

[Nuff Said]

It's all relative you idiots. He went from making 15m to just over 5m. 2/3 of his pay check was removed. It doesn't matter how much you're making, losing 2/3 of it hurts. He had a lifestyle that he lived with certain expectations and standards that he and his family were used to and he was used to providing. Now he has to downgrade. Don't take his words out of context - he never said "I dunno what I'm gonna do, my family has to eat". He did't Sprewell it. All he said is it'll be a bit of a struggle but he'll push through it. Go from working your ass off for years and building up to earning a salary of 90k a year only to be told by your next employer "welcome aboard, but over here we'll pay you 30k" and tell me you won't have to push through it. Sure he's not living in poverty and millions upon millions have it WAY worse, but guess what, he worked to build that income and a MASSIVE chunk of it was taken away. You don't adjust overnight. It's easy to say "5.4m is a lot of money, stop complaining" when your salary is 50k. It's not easy to say that when you salary WAS 15m.

Unless he was spending 5-15m a year (which I ****in doubt) it shouldn't be that hard of an adjustment. 5m a year alone is more than enough to afford the "finer things in life" and still have much excess left over.

[ralph_i_el]

I understand that it's hard to look at a millionaire complain about money....but think about it like this. He knows his kids aren't going to be millionaires on their own. Right now he's making money for his grandkids, and their grandkids.

My grandparents worked in stressful fields way longer than they had to (grandma in real estate, grandpa started an accounting firm). They could have retired a long time before they did. They didn't, and now they can just drop tuition payments on me like it's nothing :rockon:

[Richie2k6]

Unless he was spending 5-15m a year (which I ****in doubt) it shouldn't be that hard of an adjustment. 5m a year alone is more than enough to afford the "finer things in life" and still have much excess left over.
Again, he never said his life is over. He never said he's upset that he has to downgrade from $200 filet mignon steaks to $80 steaks. All he said was he and his family will have to adjust and there might be some struggle. Things will be DOWNGRADED. Things he used to provide he might not be able to anymore and his family's standards of living will be lowered. People he used to look out financially he might have to say "I can't anymore" to. Potential investments and businesses he was eyeing or halfway into, he might have to pull out of or drastically lower his investments, thus drastically lowering his returns. We all assume just because he came out of high school and is in the NBA he's a moron, that might be true, or it might not. How do we know he's not actually a pretty knowledgable guy who has big business aspirations? Nobody knows but him and his accountants.

I don't think you guys are really understanding what it's like to downgrade and step BACKWARD in your financial life. It's EXTREMELY stressful, especially when you're 29 and still very skilled at your job (playing basketball). Not like he's 35 and saw this coming. The more money you make the more money you spend, it's that simple. His disposable income just PLUMMETED. His monthly bills and mortgages might not be possible anymore because his income dropped 66%.

And of course don't even get me started on taxes..... it's not like he's taking home all of the 5.4m

[Richie2k6]

I understand that it's hard to look at a millionaire complain about money....but think about it like this. He knows his kids aren't going to be millionaires on their own. Right now he's making money for his grandkids, and their grandkids.

My grandparents worked in stressful fields way longer than they had to (grandma in real estate, grandpa started an accounting firm). They could have retired a long time before they did. They didn't, and now they can just drop tuition payments on me like it's nothing :rockon:
That too

You can't take 66% of a guy's money from under his feet and expect him to not care or be weary about his future for him and his family. Especially when his salary has only gone up, up, up, up from when he first started in the league. Before Houston he didn't know what a pay cut was. Now he's taking a huge one. It matters.

[Dr. Cheesesteak]

Seriously. $100k is barely scraping by where I live.
:lol


the problem with this thread is that the relative cost of living is so different in different parts of the world to determine exactly how much you need to survive/thrive
I agree. Cost of living is different in different places. But $6m, or $4m if you want to be a fgt about taxes, is enough to live in LA comfortably. :facepalm

JSmoove is just another uneducated, entitled idiot whom we all know is what Hulk Hogan was referring to.

[Bosnian Sajo]

Why would you pay taxes in fantasy land? You're already feeding a family on 500 a month plus you have all that cusion to buy them all that dumbass shit they want.

You can easily live off of 500/month for food...wtf are yall eating out at a restaurant every night? Cook for yourself..

[retaxis]

I love kens explanation of how to entertain 5 girls and live off 20k a year. clearly shows he has no idea about life and LOL at internet being the epicentre of his life indicates his lifestyle. Anyway I make between 60-80k a year in australia. rent is 165 a week or 700 a month roughly, food is 500, outings/taxis 1000 a month and other stuff like petrol/insurance etc another 500 a month. I live very well but then again i do entertain only one girlfriend rather than 5. If i was like Ken i would rather focus on getting a real job or career then bullcrapping on the web.:no: