Wynan has become a coveted place for players, and the NBA is the pinnacle platform for them to showcase their talents. While many Chinese players aspire to make their mark in the NBA, only six can actually make it to the league.
The NBA is a magnet for players not just because it's basketball"Holy Land", but also because of the generous treatment offered by the alliance. In the NBA, high-profile stars are worth hundreds of millions, and that's only in dollars!Who can not be impressed by such a benefit?Of the 50 highest-paid athletes in the world, 13 are NBA players. From Jordan at the top to Harden at the top of the 50th, they are worth a staggering billions of dollars.
What's even more surprising is that even if NBA players retire, they still enjoy the benefits of a pension, and they only need to play in the NBA for three years to receive a generous pension. Such a benefit package is simply quite attractive.
What is the secret of why the NBA is so rich?Although the NBA is second only to the other two major sports in North America, its popularity on a global scale is quite staggering. Just ask anyone and tell you what the NBA is. This widespread recognition and popularity stems from the NBA's commercial operations, a league that brings together a group of senior capital operation experts. In terms of broadcasting rights alone, the NBA can earn up to $24 billion a year. And that number is growing, with the NBA's broadcast contracts expected to reach a staggering $75 billion by 2025.
The numbers are simply jaw-dropping, and with this wealth, how could the NBA easily let go of such an opportunityPlayers and the league have formed a complementary relationship, and with the rapid growth of the league's income, the treatment of players has also risen.
Especially in the course of their careers, the annual income of players can be described as astronomical, and signing a million-dollar contract is only a drop in the bucket for the league. As a result, they live quite affluently. However, once decommissioned, the situation is very different. While the Alliance's extravagant lifestyle habits are difficult to change, they are facing financial pressure by losing the Alliance's income**.
The lack of financial literacy among many players has become a common problem for NBA players, and it can even be said to be a common problem in the entire Western world. They often don't know how to plan ahead, and most are overindulgent, resulting in many players facing bankruptcy less than five years after retirement.
Iverson was the one who was in trouble. His fate is in the spotlight of the basketball community. In order to avoid a similar dilemma for future players, the league has implemented a so-called "player retirement benefit" program. The goal of this plan is to ensure that players have at least one livelihood after retirement, and no longer worry about their future.
To put it bluntly, this is what they call a "pension". As long as the players have played in the league for more than three seasons, this pension is enough to support their lives, and it is undoubtedly a humane welfare policy. As long as they can rein in some luxury habits and manage their finances wisely after retirement, this benefit can ensure their future peace.
So, how is this plan executed?The league rules divide players into three levels, and receiving a "pension" later will be able to get more support.
The first level was at the age of 45 and was 306$34 multiplied by the number of years of validity multiplied by the standard of 2 3.
This was followed by at the age of 50, in accordance with 306$34 multiplied by the number of years of validity.
Finally, at the age of 62, in accordance with 1666$7 multiplied by the number of years of validity.
It is worth noting that the maximum validity period cannot exceed 10 years, and the excess will be ignored, and the minimum cannot be less than 3 years, otherwise you will not be able to enjoy this benefit. In addition, this calculation formula is not fixed and will adjust the previous figure as the affiliate income changes.
For example, currently, 306$34 has risen to $5322 USD. It's like a long-term investment with opportunities for continued growth.
Interestingly, this "Player Retirement Benefit" is truly unique and is fairly shared by all players, regardless of your reputation or skill set. For example, if you're in the NBA for a full 10 years, you're both going to get the same amount of money when you choose to receive that money at the same age as a legend like Jordan, and you're not biased at all.
What's even more exciting is that don't worry if you're not an American and don't get this salary. As long as you play in the NBA, the league treats every player the same and will not be biased because of your nationality and background.
In the NBA, there are six players who are really doing their best, namely Yao Ming, Sun Yue, Wang Zhizhi, Battle, Zhou Qi, and Yi Jianlian. However, unfortunately, only two of these six players did not receive the "player retirement benefits" provided by the league.
Sun Yue is one of them. In 2007, he gained the attention of the then heyday Lakers, and won the championship with the Lakers in the 2008-2009 season. However, despite the Lakers' championship, this did not lead to a new contract for him, missing out on the opportunity to receive "player retirement benefits".
Zhou Qi's experience is similar to Sun Yue's, and it is also because he failed to complete his three-year competition qualifications and only played two seasons, which is really regrettable.
The other four Chinese players are also well-known in the NBA, but how generous are their "player retirement benefits"?
Wang Zhizhi, he can be described as a bright superstar at the end of the 20th century. At the 1996 Olympics, his outstanding performance attracted the attention of several American colleges and universities. Although he didn't make the trip at the time, it wasn't until 1999 that the NBA approached him again. The Dallas Mavericks personally invited him to join, but due to the disagreement of the Chinese Basketball Association, the opportunity ended in vain.
It wasn't until 2001 that Yao Ming emerged and led the Shanghai men's basketball team to six consecutive championships. At this time, it was finally Wang Zhizhi's turn to usher in the NBA opportunity, becoming a member of the Dallas Mavericks, and also the first Asian player to enter the NBA, opening the door to the NBA for Chinese players.
After two seasons in the NBA, he should stay with the Mavericks when his contract expires, where he is an indispensable player.
However, due to some people with ulterior motives sowing discord among them, Wang Zhizhi fell into the ** whirlpool of "no return". There are malicious rumors that he has fully integrated into American life and does not plan to return to China even if his contract expires, and it is even possible that he will settle in the United States.
Due to the huge impact of this turmoil, the Mavericks finally couldn't bear the pressure of ** and had to give up their cooperation with Wang Zhizhi. However, from beginning to end, Wang Zhizhi was a victim, and he could only be said to be burdened by words.
After that, he played in the NBA for another 3 seasons, but perhaps because of the "no return" incident, his performance was always unremarkable.
Five years later, he was 45 years old at the time of his application and was only receiving $21,300 a year. By the age of 50, when he applied for selective leave, his annual income reached $31,932. However, at the age of 62, he only had nearly $100,000 a year, equivalent to about 700,000 yuan.
Wang Zhizhi, as the first player in China to enter the NBA, has his career stopped, which is a very regrettable thing. In contrast, Bart entered the NBA after Wang Zhizhi. Despite only playing for 3 seasons, it just reached the threshold of "player retirement benefits". Although you can receive up to $60,000, or about 420,000 yuan per year, it is still a good retirement benefit.
The other two big names in the basketball world are Yi Jianlian and Yao Ming. Yi Jianlian played five seasons in the NBA, and when he applied for the "retired player benefit" at the age of 62, he was able to receive about 700,000 yuan a year. Yao Ming has a wealth of 9 seasons of experience and enjoys a welfare package of about 1.26 million yuan.
Interestingly, Yao Ming is like China's proud business card in the NBA, creating a classic scene, namely "Barkley kissing the donkey", and was praised by Kobe. It is worth mentioning that Yao Ming was also inducted into the Hall of Fame and became an outstanding figure that China is proud of!
Overall, the benefits package that the NBA offers to its players is pretty good. At least for those retired players, they will not be reduced to the bottom of society, and at most they will live an ordinary life.