76ers Rookie Michael Carter-Williams Puts His Rookie Salary Into Trust Fund, Won’t Have Access to Money for Three Years

Michael Carter-Williams, Jrue HolidayMichael Carter-Williams is the NBA’s leading Rookie of the Year Candidate and stands to make $4.5 million over his first two years with the 76ers, and a total of $10 million if the Sixers pick up the last two years of his contract. As it stands, though, the 22-year-old won’t see a dime of that money any time soon.

Carter-Williams’ mother, Mandy Carter-Zegarowski, has made sure her son will be taken care of down the line by setting up a trust that his salary is deposited directly into, according to Philly.com. Carter-Williams can’t touch the money for three years.

In 2009, Sports Illustrated reported that an estimated 60 percent of NBA players are broke within five years of retirement, and Carter-Zegarowski has taken a proactive approach to make sure her young son is set up for the long term with his finances.

Carter-Williams is living off of endorsement deals with Nike and Panini trading cards and shares an apartment with his stepfather during his rookie campaign.

Yardbarker

Follow

Get every new post delivered to your Inbox.

Join 185,389 other followers