Somebody Needs A Copy of The Old Money Book

Josh Smith Discusses His Upcoming Struggle To Survive On $6.9 Million


Somehow, some way, Josh Smith and his family will have to figure out how to survive on just $6.9 million during the upcoming NBA season.

During a Los Angeles Clippers news conference on Tuesday to introduce the newly signed forward Josh Smith, the former NBA All-Star discussed the challenges he’ll face as a result.

At the end of the day, you know, I do have a family,” he told reporters. “So it is going to be a little harder on me this year. But I’m going to push through it, you know?”

Smith — who has earned over $97 million from NBA contracts in his 11-year career, according to Spotrac — signed a one-year deal with the Clippers earlier this month for the veteran’s minimum of $1.5 million. His former team, the Detroit Pistons, will also be paying him $5.4 million to not play for them. (Smith was released last December by the Pistons after signing a four-year, $54 million contract in July 2013.)

That adds up to just $6.9 million next season — a far cry from the over $13 million he was making just two years ago. We weep for you, Josh Smith.

In all seriousness, Smith seems to be paying homage to former NBA star Latrell Sprewell by focusing on his family’s impending financial struggles. Remember when Sprewell deemed the Minnesota Timberwolves’ three-year, $30 million contract offer as “insulting”?

I’m at risk. I have a lot of risk here. I got my family to feed,” Sprewell told the Free Republic in 2004. And so does Smith. But another thing that he’s going to “push through” this year? The $100 million mark for total NBA earnings.

One thought on “Somebody Needs A Copy of The Old Money Book

  1. Paying this type of salary is so foolish. Aside from the obvious reasons, these people just keep the cycle of conspicuous consumption going. If I were a millionaire, nobody would ever know it!

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