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Your email address will not be published.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

Jumping the Gun

13 Aug 2018

Shift in Leverage

08 Aug 2018

  • Raptors’ Corner

  • Shop

  • Facebook

  • Twitter

  • Featured Video

    Hoop Dreams - NBA Summer League 2018

    NBA Hopefuls One Step Closer to Living Their Dream

  • STAY IN TOUCH!

    LATEST POSTS

    Sticking to his Day Job
    12 Aug 20180 comments
    Patiently Waiting
    10 Aug 20180 comments
    The League Backs LeBron
    05 Aug 20180 comments

    LATEST TWEETS

    Read all tweets

    © 2016 BallnRoll

    Web Solutions by: CO4 Computing Inc