As he perhaps approaches a $500 million deal, Dallas Mavericks player Luka Doncic has received financial guidance from Shaquille O’Neal. O’Neal’s advice is based on his experience, having made mistakes early in his career and learned how to manage large quantities of money safely.
Luka Doncic was recently linked to the Lakers as their future face. On “The Pat McAfee Show,” Shaq discussed how Doncic is expected to sign a contract worth about $100 million a year and could handle such a massive salary.
Shaq said, “Luka is about to get $100 million, If I was him. I would say, ‘Okay, just pay me $20 million this year and defer that $80 million. Just defer it to when I’m done playing. Because you know that $80 million is not gonna be $80 million after taxes. Just pay me $20 million, and the other $80 million after taxes just put it away. I don’t wanna see it till I’m 35.”
Shaq advised Doncic to save a sizable salary after retirement to secure his financial future. According to O’Neal, Doncic’s take-home income would be significantly reduced by taxes. However, delaying a sizable amount of his compensation would enable him to accumulate money until retirement, when he would not be subject to as high of a tax burden.
Shaq’s guidance demonstrates how he changed from a youthful player who spent carelessly to a successful businessman who valued sound money management. Doncic needs this guidance now that the NBA has agreed to an 11-year, $76 billion broadcast pact to raise wage caps and let elite players negotiate more significant contracts.
How Could Luka Doncic Be The First NBA Player To Reach $1 Billion In Contracts?
Because of his skill on the court and his potential profits, Luka Doncic is about to create NBA history. Doncic is in a position to become the first player to earn over $1 billion in career contracts. This would even exceed the illustrious combined earnings of LeBron James and Michael Jordan.
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Doncic’s $215 million, five-year contract with the Dallas Mavericks is simply the start of something bigger. The NBA’s top players will make historically high salaries. It is mainly due to a $76 billion broadcasting contract combining ESPN, NBC, and Amazon. The pay ceiling is expected to rise further. NBA players might earn $100 million a year by 2032–2033, with Doncic at the front of the pack.
NBA stars like Luka Doncic are well-positioned to profit from the league’s burgeoning business. Also, this might come at a time when live sports continue to be among the most desirable commodities for TV networks and streaming services. Superstars’ salaries will rise with the league’s income, and Doncic may be the face of the NBA’s billion-dollar player era.
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