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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