Beijing time on October 8, as we all know, after retiring from the NBA, many players will embark on the road of bankruptcy, which is not lacking in superstars like Iverson. Fortunately, after several years of easing, Iverson's economic situation has improved, and he is now free to eat and wear. Some time ago, the video of former Cavaliers player Deron West begging on the street spread through social media, attracting the attention of the NBA community and the majority of fans, for which the lone ranger owner Cuban also personally received West and said that he would help him get through the difficulties.
In fact, the average player plays in the NBA for 3-5 years, which can completely make the second half of their lives worry-free, but some players lack self-discipline after retirement, and squander it, only to embark on this road of no return. In order to prevent players from going bankrupt and unable to make a living after retiring, coupled with maintaining the NBA brand, the league set up the NBA Health Benefit Program, that is, when you play in the NBA for a certain number of years, generally at least three years, you will be able to receive a pension and enjoy some of the benefits of the NBA after retirement.
Under the NBA Collective Bargaining Agreement, if you have served in the NBA for three years, you can receive a pension, and there are two ways to receive the pension, one is from the age of 45 and the other is from the age of 50. If you choose to start at age 45, the monthly amount of $306.34 multiplied by years of service in the league multiplied by two-thirds; if you start at age 50, the amount you receive per month is $306.34 multiplied by years of service in the league, which is a lot of income for players who are not paid well in the NBA.
However, some players may have been short of money and did something they shouldn't have done, leading to arrest and jail time. According to Tom Winter, 18 former NBA players have been arrested for alleged fraud accused of defrauding about $4 million from the NBA's health and welfare program. Among them are tony Allen, Bynum, Shannon Brown and Big Baby Glen Davis as we know them. Bynum earned enough in the NBA to eat and drink for a lifetime, and now he has fallen to where he is today.
Tony Allen, Xiangnon Brown and Big Baby these players in the NBA salary is not high, but it is enough to support the basic life of food, clothing, housing and transportation after retirement, perhaps as mentioned earlier, because the player period is too easy to make money, used to large sums, resulting in retirement after spending money like dirt, do not know convergence, only to cause today's tragedy. These players should have had a good life after retiring, but the desire eventually pits themselves.