You need to consult an accountant because you could totally afford to move into the World Famous Moon Light Bunny ranch with that kinda scratch.
I'd throw some of it in the bank, say, enough to live off of the interest and be able to afford to travel around the world forever (til death), then give the rest away to charities.
Couple nice cars, nice house, art, courtside season tickets, and a few other things = 2 mil 58 million to live off, travel on, and give to family, friends and charity.
I think I'd keep my job. Buy a nice house, enjoy the finer things in life, but not go over board. Probably give a chunk of it away. Have my family not really ever have any kind of financial worry. Definitely courtside ticks to the Zers'.
$30 million goes a long way here in Beautiful Central Oregon. After assuring the safety, health and comfort of family and friends to some degree, I would buy some huge parcels of the oldest growth watershed forest in Oregon and leave it as a wilderness park for Real Americans.
Just to think... Allen Iverson, Latrell Sprewell, and Antoine Walker probably would have laughed at the idea of fantasizing about "only" $60 million early on in their careers... I know the whole "taxes/agents/family" thing is always brought up with those guys, but still, I could never imagine how someone could blow through the kind of dough some of these NBA guys do. I was at a golf tournament today in Penny Hardaway's neighborhood, and it looked like he actually saved some dough, because he has a ridiculous mansion just off the course... and it seems like it's been a decade since he retired (btw - also noticed that Josh Pastner and Mike Conley are nextdoor neighbors, right on the 18th hole of the course... just thought I'd throw that out there, seeing how it's a bball forum). Getting back on topic though, I'd probably go Baracuda's route of saving money and traveling (probably do shit like hit up every NBA Finals courtside or something), but I wouldn't give the entire rest of the fortune to charity, because you have to plan for your children, your grandchildren, and the unexpected.
Never been to Oregon, assume it's beautiful, but on the topic of affordable living, check out what Marc Gasol's place is worth - http://www.assessor.shelby.tn.us/Pr...tName=Marc&LastName=Gasol&ParcelID=&Business= $ 582,900 for this (Penny lives in the next cove over) - https://maps.google.com/maps?q=3247...gl=us&ei=FUG0UeDtIarT0gHxkIF4&ved=0CC0Q8gEwAA Not a bad deal... in a very prestigious neighborhood that most of the Grizz live in... in most cities, that'd be a 2-3+ mill property (shit... in a lot of NBA cities, that'd be a $10+ mill property). Had to post that, because I was in that neighborhood on the greens for the PGA tour, and it just kept blowing my mind all day seeing these huge fuckin houses and then hearing people say things like, "yeah, Tony Allen lives there... paid less than half a mill for that..."
Ask HCP, but I have heard that over the past few years there has been a shift in mentality about money and savings amongst players. Now, it's getting to be cool to save money, they all share their money managers and talk about savings strategies. Hopefully when this current generation of players is done, we see them much more prepared for the long run.
David Robinson lives here. My grandparents lived literally a one minute walk away from there for the first 12 years of my life. Tim Duncan didn't live there, but bunch of other players did, like Robert Horry.
