Everyone is watching NBA players sign big contracts now, with an annual salary of $50 million and $250 million for four years. Isn’t it enjoyable?
I’ve never seen so much money in my life. Is it not enough to talk with the crowd and have an addiction?
However, signing such a big contract does not mean that you can get so much money in full.
Earlier, when Jaylen Brown announced that he would renew his contract with the Celtics in advance and get a new contract with an average annual salary of 60.8 million dollars for five years, Andrew Petcash, an NBA salary expert, even settled the account.
Brown has to pay a lot of taxes, including 22.5 million federal taxes, 6 million NBA third-party custody fees, 1.8 million broker fees, 1.4 million federal social insurance health care taxes/medical insurance premiums, 1.8 million athletes taxes, and 2.7 million Massachusetts state taxes.
In the end, Brown earned a net income of $24.5 million a year.
That’s a lot, as long as you don’t spend money indiscriminately and have children hard, it’s no problem to be popular and spicy.
In contrast, NBA players suffer a lot after retirement, and it is not easy to make some money.
That’s the case with Terrence Williams. He brought 17 people together to raise $4 million, which will cost him 10 years.
The thing is this: In order to provide some protection for retired players, the NBA has set up a plan called "NBA Health and Welfare", which is actually medical insurance, and retired NBA players can reimburse medical bills.
However, some retired NBA players took a fancy to the money, and they formed a team of 18 people under the leadership of Williams, and cashed out of the plan by various means.
Before retiring, these 18 former NBA players probably thought that hundreds of dollars or thousands of dollars were meaningless, but after retiring, they were profligate and broke at the speed of light, and they still needed money.
It is understood that Williams and his 17 associates have been arrested. He admitted that he submitted forged invoices full of spelling mistakes and inconsistencies with everyone from 2017 to 2021, and reimbursed medical expenses that never occurred.
In this process, Williams not only cheated money himself, but also received a kickback of $346,000 from others.
Among Williams’ associates, there are many names that old fans remember, such as Marbury’s cousin Telfer, Lakers veteran shannon brown, "Big Baby" glen davis, Nets veteran Du Lin and alan anderson, and Grizzly bear expert Tony Allen and others.
According to statistics, the 18 former NBA players defrauded about $4 million from this NBA welfare plan.
As the principal offender, Williams was sentenced to 10 years’ imprisonment, with compensation and a fine of $3.15 million.
These players earned a total of $343 million while playing in the NBA, and now 18 people are speechless for $4 million.
This Williams was selected by the Nets in the 11th overall pick in the first round in 2009. He played for the Nets, Rockets, Kings and Celtics, and later went to CBA as a foreign aid.
Williams has six children, two of whom are adults, but he will step on the sewing machine for 10 years himself.
As soon as this news came out, many fans felt very embarrassed, because they used Williams as the "basic salary James" in the 2K game, mainly because it was black enough, hard enough, able to buckle and vote, and very comprehensive.
Williams did play against James, and it didn’t hurt too much!
You say Williams is too stupid. He can organize and plan so many people and cheat 4 million from the NBA. But you said he was smart enough. He was caught before he got all the money.
This can not help but remind people of Li Tie, who was recently prosecuted for taking bribes, bribery, unit bribery, bribery of non-state staff and bribery of non-state staff.
Don’t stretch out your hand, you will be caught if you stretch out your hand!
