League teaches players importance of financial management
Once practice concluded and the players completed their media obligations, they gathered in the team’s film room back in the locker room at Bankers Life Fieldhouse. There, they sat through a mandatory league meeting centered on financial education.
Managing their money is important and can’t be stressed enough. The players were instructed to always know where their money is going, and shown why hiring a business manager can be a huge help. Audits, what they are and what is needed, were also discussed.
Lance Stephenson, whose salary is worth just over $1 million after incentives, was the first player to post a photo posing with the $1 million in cash spread out over a table.
George Hill later sent out a photo of his own, with a question posed to them during the meeting:
Million Dollars in Cash Looks Amazing!!! But What Would You Do If You Had A Million Dollars In Cash!!! pic.twitter.com/CrWddqYAhX
— INDIANA GEORGE HILL (@George_Hill3) February 26, 2014
Throughout the year, the NBA does a nice job of teaching players around the league. They’ve previously sat through meetings on investments, relationships and healthy living.
So, what would you do if $1 million was in front of you?