Michael Carter-Williams is putting his rookie salary in a trust fund

Dec 1, 2013; Auburn Hills, MI, USA; Philadelphia 76ers point guard Michael Carter-Williams (1) goes to the basket in the second quarter against the Detroit Pistons at The Palace of Auburn Hills. Mandatory Credit: Rick Osentoski-USA TODAY Sports

Michael Carter-Williams leads all rookies in scoring at 17 points per game, assists at 7.1 per game, and minutes at 36 per game. I was wrong about MCW. When I watched him in Summer League, he looked like a guy who lacks confidence, and he made some pretty poor decisions. Well, he started the season out with 22 points, 12 assists, 9 steals, 7 rebounds in a win over the Heat, and he certainly hasn’t lacked confidence.

By now, we’ve all seen Broke–the ESPN movie about how pro athletes who have lost all their money. Well, Carter-Williams is also making smart moves off the court, as he is doing everything he can to stay away from the athletes in the documentary, according to Philly.com:

Nowadays, Carter-Zegarowski and her best friend, Tracie Tracy, are running his management team. They are taking a proactive approach to make sure he doesn’t spend all hismoney in a couple of years.

His rookie contract guarantees him $4.5 million over his first two seasons. He could make a total of $10 million if the Sixers pick up the final two seasons of his contract.

But his salary is deposited into a trust he can’t touch for three years. Carter-Williams is living off endorsement deals with Nike and Panini trading cards.

This is a smart move, and more guys should try this. If he can keep up this type of play, he could see himself earning a lot of money in the NBA, and it seems as if he will be smart with it.

 

Topics: Michael Carter-Williams, Philadelphia 76ers

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  • Carla Jacobs

    pretty wise for his age. he’s fun to watch play, too.

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