Trevor Ariza is broke

[ItsDanger]

#1 he might be hiding assets/income from current or potential cases.
#2 most pensions allow an earlier payout at reduced rates.

[og15]

Depends on your social circle, family friends , if no one around never knew how to deal with wealth, and you are not a self aware type of person, it can happen.

This is both true, while also being a cop out and excuse at the same time.

When we reach enough maturity, around mid 20's, it now becomes time for us to gain greater self awareness and put in the time and effort to upgrade the tools we have, deal with our past traumas/influences, and address the impacts of our upbringing.

When you're a child, teen and younger adult, yes, there is more leeway, so that's when this is true.

After a certain point, this is just an excuse and just a sign of not engaging in growth and self improvement.

Many people fall into this false idea of using how you grew up as an excuse for behavior and decisions when they reach proper adulthood (no, not 18 years old "adult"). This is part of why we find so many adults acting like children, among other things like impacts of "safe" drugs on adolescent brain development and all the other fun stuff.

A part of the growth in being an adult, unless you have some sort of mental illness impeding you, in which case, that's the thing you need to deal with, but a part of the growth as an adult is being able to realize what tools you were (were not) given in your upbringing and to put in the work to upgrade your tools, to grow, improve, etc.

Its not an excuse, It was a statement. I said it can happen under the right circumstances. You can believe that's either true or not , but it cant be true or false at the same time.

I'm assuming you mean it can't be true and false?

In this case, it doesn't even require a paradox, though there are paradoxes that we live with.

Yes, it can be true that your upbringing and experiences affect your decision making ability, while also being true that after you have been given enough time for maturity, while it is still true that those things affect you, they are no longer acceptable reasons for consistent poor decision making as you are now responsible for leveling up and growing and finding or gaining the tools to do so.

[RHODEY]

This is both true, while also being a cop out and excuse at the same time.

When we reach enough maturity, around mid 20's, it now becomes time for us to gain greater self awareness and put in the time and effort to upgrade the tools we have, deal with our past traumas/influences, and address the impacts of our upbringing.

When you're a child, teen and younger adult, yes, there is more leeway, so that's when this is true.

After a certain point, this is just an excuse and just a sign of not engaging in growth and self improvement.

Many people fall into this false idea of using how you grew up as an excuse for behavior and decisions when they reach proper adulthood (no, not 18 years old "adult"). This is part of why we find so many adults acting like children, among other things like impacts of "safe" drugs on adolescent brain development and all the other fun stuff.

A part of the growth in being an adult, unless you have some sort of mental illness impeding you, in which case, that's the thing you need to deal with, but a part of the growth as an adult is being able to realize what tools you were (were not) given in your upbringing and to put in the work to upgrade your tools, to grow, improve, etc.

Its not an excuse, It was a statement. I said it can happen under the right circumstances. You can believe that's either true or not , but it cant be true or false at the same time.

I'm assuming you mean it can't be true and false?

In this case, it doesn't even require a paradox, though there are paradoxes that we live with.

Yes, it can be true that your upbringing and experiences affect your decision making ability, while also being true that after you have been given enough time for maturity, while it is still true that those things affect you, they are no longer acceptable reasons for consistent poor decision making as you are now responsible for leveling up and growing and finding or gaining the tools to do so.

I said it can happen under the right circumstances.

That can be true or false.

It cant be both true and false.

If you don't believe it can happen under the right circumstances ...that's fine. If you do , that's fine.

It's not that serious.

[og15]

Its not an excuse, It was a statement. I said it can happen under the right circumstances. You can believe that's either true or not , but it cant be true or false at the same time.

I'm assuming you mean it can't be true and false?

In this case, it doesn't even require a paradox, though there are paradoxes that we live with.

Yes, it can be true that your upbringing and experiences affect your decision making ability, while also being true that after you have been given enough time for maturity, while it is still true that those things affect you, they are no longer acceptable reasons for consistent poor decision making as you are now responsible for leveling up and growing and finding or gaining the tools to do so.

I said it can happen under the right circumstances.

That can be true or false.

It cant be both true and false.

If you don't believe it can happen under the right circumstances ...that's fine. If you do , that's fine.

It's not that serious.

Your first reply said true or false, so I wasn't sure if that's what you meant or if it was a typo and you meant and, so I was just clarifying. Cool though.

[garrick]

They should really make a player's union pension.

There is zero reason any nba player should be beoke.

They have one but it's not going to do anything when you're so deep in the red.

[RookieStar]

Help me make it make sense

He is paying child support for a child who lives with him?

How long was he married to the childs mother?

24k/month for how long now?

Why wasnt i born a gold-digging woman?

[sp6r=underrated]

I'm extremely pro-player in the labor disputes between owners and management but players spending habits are a massive reason why the owners usually win.

The players are the product especially in a sports like basketball where the visual difference between pros and scabs is stark. If the players exercised a modicum of spending discipline the CBA would be much more generous to the players. But this story is a good example of how many athletes spending money as if they will be arrested for saving money.

[Asianiac_24]

No one to blame but himself. I’d get it if the player was a rookie who could no longer play in the NBA at like 23, Ariza had a long career.

[NoStatsGuy]

Its not an excuse, It was a statement. I said it can happen under the right circumstances. You can believe that's either true or not , but it cant be true or false at the same time.

I'm assuming you mean it can't be true and false?

In this case, it doesn't even require a paradox, though there are paradoxes that we live with.

Yes, it can be true that your upbringing and experiences affect your decision making ability, while also being true that after you have been given enough time for maturity, while it is still true that those things affect you, they are no longer acceptable reasons for consistent poor decision making as you are now responsible for leveling up and growing and finding or gaining the tools to do so.

I said it can happen under the right circumstances.

That can be true or false.

It cant be both true and false.

If you don't believe it can happen under the right circumstances ...that's fine. If you do , that's fine.

It's not that serious.

it can happen you are absolutely right. but imo its inexcusable. Even the most self unaware (is that a word? ) person should be able to at some point do some research or educate themselves about how to handle the money. i completely get you, if you come from a family and social circle, that just cant help you with that and/or you are not disciplined enough, you just gotta hire someone. with the internet and all information being accessible and available at any time, there really isnt any excuse anymore these days.

and trust me i get it, i come from a pretty poor family and im gonna be honest im not the best with money either. i have forgotten to do my taxes before, i have made dumb decisions financially and all that. today, i am lucky to be in a position to be able to pay someone, that can help me with all that. and if i can do it, the NBA players should be able to do it aswell.

[Ssj16]

If this is truly about Ariza hiding assets, the title of this thread is misleading and Trevor is getting a bunch of unnecessary criticism thrown his way, including from myself before I heard about the child support angle.

[prophet_of_rage]

They should really make a player's union pension.

There is zero reason any nba player should be beoke.

They have pensions.

Sent from my SM-S9080 using RealGM mobile app

[dhsilv2]

Him being broke is on him.

Well yes, it is on him...but.

These guys get spoon fed basketball, and basketball only from age 10. Basically everything gets paid for, and there is very little real world opportunity to learn the lessons of money.

There might have been a personal finance presentation at some point in there, but I doubt a good number of these folks are prepared to handle personal finance.

The resources and the organization is there to hedge against these types of situation. I am not talking about the guy should be getting millions of dollars or something, but there should definitely be some sort of social security type mechanism to prevent these guys from going homeless.

I think I read somewhere that AI was almost homeless as well, but somewhere along the line someone was kind enough to set up a trust fund for him.

And you know what? That's their own fault.

I can understand being in your 20s and letting what feels like unlimited wealth go to your head. But by your 30s, you should at least be mature enough to understand that basketball isn't going to be around forever, and at that point you should already have been planning for the future.

I can't speak to Ariza but a lot of these guys do that, but make god awful stupid investments. Trust the wrong people. And I'm still choking at 24k a month or nearly 300k a year in child support. Unless he's got 10 kid (which would still be a crazy amount), that is just beyond dumb. I'm not sure it's even good for a kid to grow up with that kind of wealth.

[dhsilv2]

Are we going to keep posting every time a player is broke? Why would we care if a player is broke or not?

I know it was already said but I had to see it. Normally these are guys at least 10 years removed from the league. Ariza made 2.6 million in 2022...

[ChuckChilly]

lol. WHat a moron.

This dude made $118,962,221 in salary. Take home is roughly 50% of that after all taxes and agent fees. I can't even imagine squandering ~$60 million in cash

Not feeling sorry for him. But in this day and age, even a regular person could find ways to blow a million or two a year.

[dhsilv2]

The NBA offers a generous 140% employee match!

Let me put this in numbers for you.

You contribute the max $23,000 to your 401(k) in 2024. The NBA then contributes 140% of this amount, or $32,200.

By investing the maximum amount in your 401(k), the NBA is essentially paying you an additional $32,200 a year.

140% match…. WTF

I can’t even grasp that…

My last job matched at 140%. I put in 5% and they put in 7%. My mom's always had she puts in 5% and they match at 10%. Both are better deals than average of course but it's nothing all that unheard of.

[TheGeneral99]

Ariza has always been a boneheaded idiot.

[dhsilv2]

Should start at 50.

Are you so disconnected from reality that you think that players should be treated even more differently than individuals who support them by watching them.

They get a 140% match on their 401k which is unbelievable.

Just for the sake of simple math after taxes and etc.

Let’s say he has 50 million in pure cash… get 20% of that…

10 million, but it in a low rate CD, at 3 or 4 percent, that is 300,000 to 400,000 dollars a year you get back before taxes for just having it in a CD.


Get a sub million dollar house and pay in cash and hell, prepay the property taxes for years if you want and be set. Rent it out for other individuals to pay you money.

Yeah ok, but what’s the average life expectancy of someone over 6”8? You’ve met dozens of 7 foot tall octogenarians?

Yeah yeah just become a **** landlord are you’re set.

NBA players tend to have a higher life expectancy than the population at large. This is despite there being some inverse relationship with height.

[dhsilv2]

So assuming he netted half his income, the guy took home $55 million in his NBA career. If he would have saved 10% of it, or $5.5 million, and put it in say US treasury bonds that yielded 2.5% annually, he would have a cash flow of $137k a year.

Now, I'm trying really hard to find some sympathy for this guy...but considering 10% of his salary could have earned him more than what I make a year just by investing it, it's hard to do so.

Well his ex wife took half of everything and got about 300k in child support payments a year on top. So in your scenario that wouldn't cover that.

[dhsilv2]

I'm assuming you mean it can't be true and false?

In this case, it doesn't even require a paradox, though there are paradoxes that we live with.

Yes, it can be true that your upbringing and experiences affect your decision making ability, while also being true that after you have been given enough time for maturity, while it is still true that those things affect you, they are no longer acceptable reasons for consistent poor decision making as you are now responsible for leveling up and growing and finding or gaining the tools to do so.

I said it can happen under the right circumstances.

That can be true or false.

It cant be both true and false.

If you don't believe it can happen under the right circumstances ...that's fine. If you do , that's fine.

It's not that serious.

it can happen you are absolutely right. but imo its inexcusable. Even the most self unaware (is that a word? ) person should be able to at some point do some research or educate themselves about how to handle the money. i completely get you, if you come from a family and social circle, that just cant help you with that and/or you are not disciplined enough, you just gotta hire someone. with the internet and all information being accessible and available at any time, there really isnt any excuse anymore these days.

and trust me i get it, i come from a pretty poor family and im gonna be honest im not the best with money either. i have forgotten to do my taxes before, i have made dumb decisions financially and all that. today, i am lucky to be in a position to be able to pay someone, that can help me with all that. and if i can do it, the NBA players should be able to do it aswell.

I mean...we don't see it to this level. But even people with degrees working in finance and accounting areas still have spending problems and often go into wild debt. Education is a huge benefit but people even with advanced knowledge and even an interest in investing can do this. And my goodness, the debt I've seen on doctors when I was first getting into the banking world 20+ years ago was comical.

[dhsilv2]

If this is truly about Ariza hiding assets, the title of this thread is misleading and Trevor is getting a bunch of unnecessary criticism thrown his way, including from myself before I heard about the child support angle.

I'd venture to guess the answer is somewhere between the two. I'm not saying it's impossible but 4.5 million in the whole on real-estate after the last few years of that market booming is almost impossible. So clearly we've got some book value vs market value gaming in play here. But that doesn't mean he also hasn't massively mismanaged his money too.