Retiring Royalty

0 comments
Retiring Royalty

NBA Pension Has Ballers Living in Riches Long After Playing Days

For NBA players, long-term security does not only mean lengths of playing contracts.

Protection long after their playing days are over are just as important.

Big money pay-checks, endorsement deals, glamour, and fame are a luxury that us common folks can only dream of. It is something NBA players get on the daily. Upon retirement, while the fame and glamour may slowly dissipate, a league-sponsored pension plan just so happens to kick in once each player hits the age of 62. Pension plans vary from league to league across all sports, but luckily for NBA players, they receive a better end of the bargain.

When players reach the age of 62, a minimum benefit starts off at $56,988 per year, that is if said player had at least three seasons in the league back in their hay-day. The maximum annual tension for any player is $195,000, and it requires 11-seasons of NBA service time to unlock the magical six-digits.

Of course, along the way, the NBA repays former players whenever they act as ambassadors for the game and aid in its international and national growth.

So with all things considered, even past retirement, it is still good to be a baller!

 

LEAVE A RESPONSE

Leave a Reply

Your email address will not be published. Required fields are marked *

RELATED POSTS

Puma Shows the Money

15 Jun 2018

Cashing In Big

12 Jun 2018

Business Cut Short

09 Jun 2018

Bucks Lock Up TV Deal

06 Jun 2018

  • Raptors’ Corner

  • Shop

  • Facebook

  • Twitter

  • Featured Video

    Norman Powell Interview Nov 29/17

    BALLnROLL talks to Norman Powell about his time in Israel with Basketball Without Boarders

  • STAY IN TOUCH!

    LATEST POSTS

    JBA Kicks Off
    22 Jun 20180 comments
    De-cyphering the Draft
    22 Jun 20180 comments
    Time for Another Parade
    13 Jun 20180 comments

    LATEST TWEETS

    Read all tweets

    © 2016 BallnRoll

    Web Solutions by: CO4 Computing Inc