Michael Carter-Williams is putting his rookie salary in a trust fund
By Ryan Donoho
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.