In an era when it is far too common to hear stories of
millionaire athletes going broke, it is refreshing to hear the story of rookie point guard Michael Carter-Williams of the Philadelphia 76ers.
Carter-Williams is having the salary for his first three years in the NBA deposited directly into a trust that he cannot touch for three years according to Keith Pompey of Philly.com.
Carter-Williams, who was the 11th pick of this year’s draft, signed a 2-year, $US4.5 million contract and will make $US2.2 million this season. The 76ers also have a $US2.4 million option on Carter-Williams for the 2015-16 season that they will almost certainly pick up.
That means Carter-Williams will likely make $US6.9 million playing in the NBA before he can spend a single penny.
Carter-Williams does have other income. According to Pompey, the rookie is living off money made through his endorsement deals with Nike and Panini cards.
Business Insider Emails & Alerts
Site highlights each day to your inbox.