Andre Jackson could easily rise up to late lottery prospect next year | Page 3 | The Boneyard

Andre Jackson could easily rise up to late lottery prospect next year

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BigErnMcCracken said:
I don’t think there’s been a single person on this board to suggest that Andre wouldn’t be a second round pick this year if he stays in. Everyone knows that he would be so I don’t know why you keep acting like you’re breaking news.

You’re the only one talking about getting picked in the second round like it’s some kind of winning lottery ticket.

Your percentages are just made up nonsense. You have no idea where he is in his decision-making. If he was just looking for a guarantee that he’s getting picked 55th overall he probably wouldn’t be holding open the door to coming back.
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I think if he is 55th, and it’s guaranteed that he will get an nba deal, he goes. Agents talk all the time.

Y’all act like him staying for one more year is in his best interest. Top 40 in nba draft is what you want at this point.

3 year, $6 million contract is what he would get as a second rounder.

Second round picks aren’t career death sentences anymore. We need to understand that.

G League and two way roster spots > college in many instances.
 
JohnFSilver said:
3 year, $6 million contract is what he would get as a second rounder.
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I guess I haven't been paying attention, but when did 2nd round draft picks start getting $6 million 3 year guaranteed contracts? If that's the case then it's worth giving it a go if it looks like he's going to get drafted at least in the top half of the 2nd round.
 
Chief00 said:
Jim Calhoun is even more right today than when he said it. He gave good advice and knew exactly what he was talking about. The concept that earning $4 million in your early twenties sets you for life today, is total nonsense. And this assumes a second round best case. You are paying a very high tax rate on much of the money - much higher than if you made $4 million over a 30 year career. The agent takes his cut of the pie too and you have a 21 year old making the same financial decisions we would have made at that age. Many people make over $4 million in their career (look at the annual earnings in your Social Security Statement). You may be comfortable but not this set for life fantasy that you calculate.
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You can't be serious.

$2m grows at a rate of 7% a year means you can take 5% of the annual growth ($100k) and live on it. And your money will still grow. This is already better than a kid getting a $100k salary because the investment will be taxed at 15%.
 
HooperScooper said:
I guess I haven't been paying attention, but when did 2nd round draft picks start getting $6 million 3 year guaranteed contracts? If that's the case then it's worth giving it a go if it looks like he's going to get drafted at least in the top half of the 2nd round.
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Not all guarantees. But what nba players thinks he isn’t going to be able to play for his contract?

. Check out what guys get in the nba even as second rounders.

4 year, $8m contracts with 2 years guaranteed for early second round rounders

Nba minimum is $953,000 on rookie scale. I think it goes up with new nba contracts. There are now 3 two-way contracts as well. Two way contracts are worth 1/2 of rookie minimum, essentially $500k per year.

Tyrese Martin, 51st pick. Signed a 2 year deal for $2 million. Second year not guaranteed. His option is set to be picked up in July. No reason to think he won’t have to picked up. If he doesn’t, he made $1 million this year.

www.hoopsrumors.com

2022 NBA Draft Pick Signings

We're tracking which of the 2022 NBA draft picks have signed contracts and what those contracts look like.
www.hoopsrumors.com www.hoopsrumors.com

I just don’t see how Jackson falls out of top 40 with his athleticism and defensive versatility and ball handling. If he is like the 35th pick, he will sign an nba deal.

Nba isn’t looking for Jackson to be an all star. Rather a possible Rotation player who is versatile defensively. Will Jackson ever be a double digit nba scorer? Probably not. But there are a lot of people who score points. You can find shooters. Can they defend, rebound, dribble and play with the speed that Jackson does?

I always think of San Hauser. Unstaffed, Celtics sign him to two-way. After one year, bump him to a fully guaranteed 3 year deal at just over $6 million.

The G league isn’t paying players $80k anymore .
 
Silver, I think you are arguing under the belief that Andre's preference is to turn pro. This may actually be the case but everything written suggests that he would rather return but will follow Hurley's guidance and Hurley has told him that if he has guaranteed money (which only happens if he has some assurances from somewhere that he will be a first round pick) he will advise him to turn pro. I doubt Hurley will advise him to turn pro to chase a G-League deal.
 
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upstater said:
You can't be serious.

$2m grows at a rate of 7% a year means you can take 5% of the annual growth ($100k) and live on it. And your money will still grow. This is already better than a kid getting a $100k salary because the investment will be taxed at 15%.
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The taxes and agent commissions come out up front. Would we have so many athletes ending up broke if they just spent $100k a year? What investment returned 7% last year? Most lost money and the non risk investments we were still getting very little interest on until towards the end of the year.
 
Chief00 said:
The taxes and agent commissions come out up front. Would we have so many athletes ending up broke if they just spent $100k a year? What investment returned 7% last year? Most lost money and the non risk investments we were still getting very little interest on until towards the end of the year.
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And the year before +14 percent wasn't uncommon. What's the average dow index rate of return the last 20 years (I'll give you a hint, it's higher than 7 percent)?
 
FfldCntyFan said:
Silver, I think you are arguing under the belief that Andre's preference is to turn pro. This may actually be the case but everything written suggests that he would rather return but will follow Hurley's guidance and Hurley has told him that if he has guaranteed money (which only happens if he has some assurances from somewhere that he will be a first round pick) he will advise him to turn pro. I doubt Hurley will advise him to turn pro to chase a G-League deal.
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This 100%. Rob Dauster said in Top Dogs he's getting the sense that Andre doesn't want to play in the G League next year and that if he had to settle for a two-way deal that he would rather come back to school. Obviously a first round pick would be too enticing to turn down.
 
Samoo said:
And the year before +14 percent wasn't uncommon. What's the average dow index rate of return the last 20 years (I'll give you a hint, it's higher than 7 percent)?
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You realize some guys are buying one car worth close to the $100,000 of annual spending money cited by a poster here. It’s not a one size fits all. And to think the last 20-30 years of perfect storm stock market performance (relatively low interest rates and inflation) is going to repeat itself is foolish. And the model you seem to be using is 0% asset diversification into anything other than stocks. I wonder how many financial planners agree with that? Every guy’s situation is different and some guys should go and others shouldn’t.

A few years ago I thought James should have stayed in school another year, and despite being the 10th pick in the draft I still do, due to hooefully benefiting from another year of maturity.

Obviously, Andre fortunately doesn’t have those issues - so let’s see what NBA feedback he receives - I am confident he will make a good decision based on the feedback. He will definitely turn some heads at the combine and in interviews. He’s an outstanding young man.
 
Chief00 said:
The taxes and agent commissions come out up front. Would we have so many athletes ending up broke if they just spent $100k a year? What investment returned 7% last year? Most lost money and the non risk investments we were still getting very little interest on until towards the end of the year.
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The fact that they squander their money has little to do with the fact that they could live on the proceeds from $4m.

Did you miss where my calculations were made AFTER removing taxes and commissions up front?

I calculated what you could do by investing $2m in the S&P and withdrawing $100k every year.

The true amount left over from a $4m salary is $200k to the agent (5%) and $1.4m to the Feds (37%), which leaves $2.4m.

If anything, I was conservative i my calculation.
 
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Andre could nearly double that $4 million if he puts it all on red at Mohegan and hits.
 
Has anyone ever heard of the base consumption theory. What was written about $4m one time payment is only accurate in the area of agent fees and taxes. $100k a year is an ok living. It puts you in the lower end of middle class in CT. Getting $4M in your early 20’s and then living on $100k a year is not possible IMO. No matter how disciplined you are. And $100k in 20 years with 6% inflation is a lot less. The financial advisor did not consider the cost of goods. A Lincoln Navigator is about $100k right now. And that’s low end luxury compared to the foreign counterparts.
 
Oh and if your net worth is $2.4 m and you’re taking private jets for travel, you will burn through much of that if you travel at all. Net jets round trip coast to coast depending on the jet starts right around $35k.
 
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SilentDog said:
Has anyone ever heard of the base consumption theory. What was written about $4m one time payment is only accurate in the area of agent fees and taxes. $100k a year is an ok living. It puts you in the lower end of middle class in CT. Getting $4M in your early 20’s and then living on $100k a year is not possible IMO. No matter how disciplined you are. And $100k in 20 years with 6% inflation is a lot less. The financial advisor did not consider the cost of goods. A Lincoln Navigator is about $100k right now. And that’s low end luxury compared to the foreign counterparts.
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It sure does take money to have money.
 
August_West said:
Ah the good ole boneyard.

Everyone has a killer financial advice a private jet and a 9.5 inch whatever.
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Both can either make a wife really happy or be way too much.
 
SilentDog said:
Has anyone ever heard of the base consumption theory. What was written about $4m one time payment is only accurate in the area of agent fees and taxes. $100k a year is an ok living. It puts you in the lower end of middle class in CT. Getting $4M in your early 20’s and then living on $100k a year is not possible IMO. No matter how disciplined you are. And $100k in 20 years with 6% inflation is a lot less. The financial advisor did not consider the cost of goods. A Lincoln Navigator is about $100k right now. And that’s low end luxury compared to the foreign counterparts.
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I don't understand the world some of y'all live in. 100k does not put you in the lower-end of middle class in CT.

Financial advisors are a waste of money for 95% of people in the 100k salary ballpark.
 
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Kathy said:
Bike ride away from Bethany Beach in Southern Delaware with water access.
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THAT makes sense and Delaware seems like an underrated place to be.
 
Kathy said:
Wow- I must be doing something right - have a great life full of travel, golf, entertainment, nice house, nice car all on 55k a year.
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I presume you paid cash for all that stuff and then live on 55k in income?
 
husky429 said:
I don't understand the world some of y'all live in. 100k does not put you in the lower-end of middle class in CT.

Financial advisors are a waste of money for 95% of people in the 100k salary ballpark.
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It does not take much to do the research. Y’all should really check the facts. CT is one of the most expensive states to live in and my math is correct. Due some research and get the facts b4 making statements. I am not a financial advisor just old with forty years of real business experience.
 
SilentDog said:
$100k a year is an ok living. It puts you in the lower end of middle class in CT. Getting $4M in your early 20’s and then living on $100k a year is not possible IMO. No matter how disciplined you are. And $100k in 20 years with 6% inflation is a lot less. The financial advisor did not consider the cost of goods. A Lincoln Navigator is about $100k right now. And that’s low end luxury compared to the foreign counterparts.
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Sir, your trust fund is showing.
 
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