Why countless basketball players are very yearning for the NBA, because it is not only the world's top basketball event, but also can bring a lot of exposure to enhance commercial value, go to the NBA to play or enhance their own strength, and the protection is very comprehensive, there is a professional team of team doctors, comprehensive insurance, after the player retires, there is a very considerable pension. For example, Yao Ming, the first person in our men's basketball team, after he was 50 years old, he could take a $2757 pension in the NBA every month, which can ensure that food and clothing are worry-free.
In addition to Yao Ming, people like Yi Jianlian, Wang Zhizhi, and Battle can receive a pension later because of their long service years. And just today, Parsons, who played for the Rockets, Jeremy Lin's former teammate, nicknamed "Rich and Handsome", officially retired, how much pension can he receive in the NBA in the future?
Parsons was selected by the Rockets with the 8th pick in the second round in 2011, starting from a low starting point, but because of his immediate combat strength, he quickly established himself in the team. He was named to the rookie second team in his rookie season, one of the top 10 rookies of the year, and then recruited Howard for the Rockets, also setting a halftime record of 10 three-pointers. Later, because of his outstanding performance, Parsons was poached by the Lone Ranger's high salary, his communication skills were very strong, and after ending the Lone Ranger's contract, he got a sub-maximum salary contract with the Grizzlies, and the cumulative salary of his career exceeded 120 million.
But Parsons performed poorly in both the Lone Rangers and the Grizzlies, especially during the Grizzlies, becoming a representative of high salaries and low ability. In January 2020, he has not fully recovered due to a car accident, and now he has announced his retirement because of the impact of his injury.
In fact, no matter what kind of honor Parsons has achieved in the NBA and how much salary he has received, it has nothing to do with his pension, because the NBA is the same, and the pension is only related to the number of years of service. Players who have played in the NBA for more than 3 years (formal contracts) are eligible for a pension, 10 years capped, the algorithm is 306.34 US dollars * working years = monthly amount of payment, so after Parsons retired, 50 years old can get 2757 US dollars per month, he and Yao Ming's service years are the same.
In addition to pensions, the NBA also has a 401K pension plan, starting in 2011, the NBA stipulates that each player needs to take 4% of the annual salary to make compulsory savings, and the league subsidizes another 4%, and takes it out once when retiring. Based on Parsons' salary of 127 million, 4% also has 5.08 million, so he can get another 10.16 million immediately after he retires.
Coupled with the fact that Parsons won the lawsuit and can get huge compensation, although he can no longer continue to play in the NBA, he will still be a billionaire in the future, and he will not have to worry about life and run for decades, and he is a winner in life.