What happens when NBA rookies become millionaires overnight?

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What happens when NBA rookies become millionaires overnight?
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The best college players often go from playing for free to finding themselves with vast wealth in their teens. It can be a mixed blessing

t the start of the year, Alexandre Sarr was playing in Australia’s NBL, where the average salary is around $100,000. Reed Sheppard was playing in college where, NIL deals aside, he earned nothing. Now, after going No 2 and No 3 overall in June’s draft, they are millionaires. Sarrfrom his deal with the Houston Rockets . It’s not just the top picks who suddenly have access to wealth either.

Unlike many pros, though, Hardaway wasn’t a lavish spender. He knew how to take care of his bills and not to blow money on unnecessary things. But he did make a purchase for himself early on. “My Jeep Cherokee,” he says, with a laugh. “With the limited gold rims. It was red, with grey seats in it. I thought I was the shit!”

Today, even compared to Hardaway’s time in the 1990s, contracts have exploded. This summer, Boston Celtics star Jayson Tatum. But numbers like that can be scary. Back in the 1990s, when Charlotte Hornets star Larry Johnson signed an $84m contract, teammate Muggsy Bogues worried it would be a burden for the power forward,, “I was overjoyed for him but I also knew that with a big contract like that came big expectations from the fans and front office.” In 2015, Johnson.

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