Tristan Thompson has revealed another investment move that paid off.
Thompson was the No. 4 overall pick in the 2011 NBA Draft, according to a press release. He was selected by the Cleveland Cavaliers. Spotrac notes that his rookie contract, which he signed at age 20, was a four-year deal worth $16.8 million. He re-signed with the team in 2015 on a five-year, $82 million contract.
On the “Club Shay Shay” podcast, he shared that he splurged on luxury cars and retired his mother, who worked as a school bus driver.
“So when I get drafted, I tell my mom she can retire because she was doing school bus driving and with my brother, who has epilepsy, it was hard. It was hard for her to manage both. So you know obviously retired but you know the monthly check she gets on a rookie deal is different than the monthly check she gets on the second deal … I called mom. I said ‘You know you get a pay raise,'” he explained.
He admitted he would have invested more of his earnings earlier if he had the knowledge.
Thompson was the No. 4 overall pick in the 2011 NBA Draft, according to a press release. He was selected by the Cleveland Cavaliers. Spotrac notes that his rookie contract, which he signed at age 20, was a four-year deal worth $16.8 million. He re-signed with the team in 2015 on a five-year, $82 million contract.
On the “Club Shay Shay” podcast, he shared that he splurged on luxury cars and retired his mother, who worked as a school bus driver.
“So when I get drafted, I tell my mom she can retire because she was doing school bus driving and with my brother, who has epilepsy, it was hard. It was hard for her to manage both. So you know obviously retired but you know the monthly check she gets on a rookie deal is different than the monthly check she gets on the second deal … I called mom. I said ‘You know you get a pay raise,'” he explained.
He admitted he would have invested more of his earnings earlier if he had the knowledge.
2 months ago
