Financial Institution Provides Loans, Fiscal Planning to NBA Players During Lockout

money

The NBA lockout is one of the worst things to ever happen to the league. At first, there was some public sympathy for the players, as it was not them, but the owners who were doing the “locking out.” But since the players rejected the last offer; now they’re vilified as well.

Considering this comes off a season in which the league had record television ratings, this lockout’s timing will do irreparable financial damage when you consider opportunity cost.

A financial advisory institution based in Beverly Hills, California, has teamed up with two former NBA stars to provide loans and long-term financial planning advice to current NBA players affected by the labor crisis.

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Derrick Rose Premier Highlight Video; NBA Businessmen Suck at Life

derrick rose

I’m not even going to acknowledge the headlines from the NBA labor situation yesterday. I’m so effing sick of it. Sick of hearing about it; basically the whole league sucks at life. That’s my take on the union de-certifying/David Stern’s proposal/players rejecting it.

Basically, in a year after record television ratings, the league is going to lose every casual fan they made in 2011-12. I won’t even read or write anything more about the lockout.

Instead here’s a Derrick Rose highlight compilation, watch it after the jump

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NBA Lockout Update: Owners and Players Still Miles Apart

The show must go on. But for how long nobody knows when it comes to the NBA lockout. The league’s draft took place as scheduled on June 23, but a work stoppage still seems a real possibility as owners and players have a wide gap that needs to be narrowed. It’s believed the owners and players are still almost $7 billion apart in their dealings over a new 10-year agreement.

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