Z STAFF
The days of NBA rookies blowing their entire fortunes on stupid stuff like ridiculous cars (Antoine Walker), insane jewelry (Antoine Walker) and overpriced suits (Antoine Walker) are over … so says ex-NBA commish David Stern who says rookies are so much smarter now when it comes to cash.
Stern — who ran the NBA for 30 years before handing over the reigns to Adam Silver back in February ’14 — was in NYC this weekend when he told us he was LOVING retirement.
But when we asked the 72-year-old if he had any financial advice for the upcoming rookies so they wouldn’t end up broke, his answer was very interesting … essentially saying players now are MUCH more educated about their finances than players back in the day.
The funny thing is … it’s due in part to guys like Antoine Walker, who blew more than $ 110 million … and is now dedicated to teaching players about how to avoid making the same mistakes he did.
Must’ve been fun though …
http://ce.ivyrc.com/david-stern-nba-rookies-arent-stupid-with-their-money-anymore/