Former NBA forward Michael Beasley is speaking out about a harsh reality in the league. Many players go broke even after making millions. After 11 years in the league, the former No. 2 overall pick calls for real change, starting with financial education and mandatory trust funds for young players.
Beasley believes the league should require players to place their first $5 million into a trust. “We think (as players) that because we’re getting more money, we’re saving more money, he said. But we don’t understand taxes, and we don’t understand inflation. So, I think, it’s the knowledge about teaching us how to preserve our wealth.” Beasley further added with his solution.
Beasley speaks from experience. He has experienced the ups and downs of his NBA life, from being a top draft pick to dealing with life after the spotlight. His statement is not just about pointing out problems; it’s about creating solutions.
With more and more players going broke after their careers, Beasley’s opinion matters. He knows players don’t need bigger paychecks; they need better guidance. If the league takes his advice, it could help protect players long after their careers end.
Michael Beasley Considers LeBron James His Real-Life Hero
Michael Beasley didn’t hesitate when asked why he considers LeBron James the greatest of all time in NBA history. For him, it’s not just about stats of titles, it’s about consistency under pressure. “I first heard about him in the eighth grade and told my mom about him.” Beasley shared, “That was the first conversation about basketball I had with my mom, back when I was 12.”
Now, at the age of 36, Beasley‘s admiration for Lebron has not faded. “LeBron hasn’t dropped the ball, no pun intended. But he hasn’t dropped the ball as my personal hero, as the kids’ personal heroes,” he expressed his profoundness towards James.
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For Beasley, LeBron James represents more than just an elite athlete. James is a symbol of consistency, resilience, and inspiration for him. His admiration stems from watching LeBron rise and never fall under the weight of expectations. It’s a respect built over decades of witnessing true greatness.
Also Read: Fans Are Worried After Michael Beasley Shares Instagram Story About Suicide (PIC)
