Rumor: Jerian Grant might get released by Chinese Team

[thelead]

Never forget that this scrub played in 60 games for us last year

And was the pg Bamba had to rely on.

[didak]

Jerian Grant might not be in China for long according to Sportando.

https://sportando.basketball/en/qingdao-considering-the-release-of-jerian-grant/

His team The Quigdao Doubloe Star Eagles might be releasing him.

It's a tough break for him if true as his only options to be overseas or in the G League.

I think the NBL could be a possibility over here in Australia. Season about to start perfect time for him to come over and find a team. Might do him a world of good.

[MoMM]

It seems that they were faster than our Management to evaluate him...

[thelead]

It seems that they were faster than our Management to evaluate him...

There's an asian/intelligence joke somewhere here but I'll just be PC

Edit: There's also a 'Chinese yet again stealing our intel' joke too.

[MagicStarwipe]

He needs to bulk up and become a PF.

[MagicFan101]

Jerian Grant has made 7.5 million dollars over the last four years… playing basketball. He'll be just fine in life living off the interest alone. If he's bored, he can get a regular paying job running camps at YMCAs, coaching high school, or working at a gym like the rest of us, except we aren't sitting on millions in our account.

just remember, he probably only took home half of that. yes, its still a lot of money, but not quite as much as it initially looks like.

The effective tax rate on the top 1% is less than 30%.

Even back in the 1950s when the tax rate on the top income earners was above 90%, the effective tax rate was well below 50%.

There are more than taxes hitting that cash before they take it home ...

[MoMM]

just remember, he probably only took home half of that. yes, its still a lot of money, but not quite as much as it initially looks like.

The effective tax rate on the top 1% is less than 30%.

Even back in the 1950s when the tax rate on the top income earners was above 90%, the effective tax rate was well below 50%.

There are more than taxes hitting that cash before they take it home ...

It's not only taxes, his agent gets a lot as well.

[tiderulz]

The effective tax rate on the top 1% is less than 30%.

Even back in the 1950s when the tax rate on the top income earners was above 90%, the effective tax rate was well below 50%.

There are more than taxes hitting that cash before they take it home ...

It's not only taxes, his agent gets a lot as well.

and players union

[Optimus_Steel]

Just to put this into perspective, he was our backup PG for more than half the season, during that time we had a losing record. As soon as he was banished to the bench we started winning....

[MagicMatic]

Kid was good at ND and just never lived up to his college years.

[Mauro Pedrosa]

Not surprised. Was only slightly better than the horrible and infamous Chris Duhon

[Nyce_1]

Jerian Grant has made 7.5 million dollars over the last four years… playing basketball. He'll be just fine in life living off the interest alone. If he's bored, he can get a regular paying job running camps at YMCAs, coaching high school, or working at a gym like the rest of us, except we aren't sitting on millions in our account.

“Living off the interest”

While this sounds nice, what in the world of sports makes you think he has saved his money these past 4 years to be able to do that today?

With the exception of a few, most of these guys see the next payday as a given and spend crazy money faster than it comes in.

I disagree. I think players are smarter and the advice they get is better. Especially with Grant being the son of a ball player, I'm sure his dad & uncle made sure their boys know to save.

He'll be fine with his checks and his Notre Dame degree.

[MagicFan101]

Jerian Grant has made 7.5 million dollars over the last four years… playing basketball. He'll be just fine in life living off the interest alone. If he's bored, he can get a regular paying job running camps at YMCAs, coaching high school, or working at a gym like the rest of us, except we aren't sitting on millions in our account.

“Living off the interest”

While this sounds nice, what in the world of sports makes you think he has saved his money these past 4 years to be able to do that today?

With the exception of a few, most of these guys see the next payday as a given and spend crazy money faster than it comes in.

I disagree. I think players are smarter and the advice they get is better. Especially with Grant being the son of a ball player, I'm sure his dad & uncle made sure their boys know to save.

He'll be fine with his checks and his Notre Dame degree.

a) Correct me if I’m wrong but wasn’t Grant dismissed from ND for academic violations?

b) SOME athletes take advantage of the luxe toe more information but there are still many sad stories to this day of wasteful spending leading to early financial troubles. For example:

Investopedia has an interesting article posted June 2019 which cites Sports Illustrated in that 78% of NFL players file for bankruptcy within 2 years of retirement and 60% of NBA retirees suffer the same fate.

You have to remember that many many many of these guys don’t make the big bucks we are used to hearing about. However, they are on the road hanging out with guys taking home $100M contracts. It’s easy for them to get carried away.

[doct3r dr3]

[Indomitable]

just remember, he probably only took home half of that. yes, its still a lot of money, but not quite as much as it initially looks like.

The effective tax rate on the top 1% is less than 30%.

Even back in the 1950s when the tax rate on the top income earners was above 90%, the effective tax rate was well below 50%.

https://www.espn.com/nba/story/_/id/20715128/nba-player-salaries-take-home-pay

last i remember looking into this, the average player actually took home about half their reported salaries.

He took home half. The player always complain about it.

It is one of the reason Mirotic did alright. He making just under 10 million annually. In the USA he would have made about 18 million per season.

The European teams pay your taxes. In the US team player does.

The player loses half off the top in the US.

[j-ragg]

Remember that time we traded 2 2nd rounders for the worst backup point guard in the league

[tiderulz]

The effective tax rate on the top 1% is less than 30%.

Even back in the 1950s when the tax rate on the top income earners was above 90%, the effective tax rate was well below 50%.

https://www.espn.com/nba/story/_/id/20715128/nba-player-salaries-take-home-pay

last i remember looking into this, the average player actually took home about half their reported salaries.

He took home half. The player always complain about it.

It is one of the reason Mirotic did alright. He making just under 10 million annually. In the USA he would have made about 18 million per season.

The European teams pay your taxes. In the US team player does.

The player loses half off the top in the US.

i would complain about taking home half my salary too

[rusoopE]

Remember that time we traded 2 2nd rounders for the worst backup point guard in the league

Thought duhon arrived via free agency my bad I guess


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[Howard Mass]

He has signed a G League Contract.

[kuman7]

What a shame. I thought he was a strong candidate to hall of fame of Chinese League.