NBA Rookie Can’t Touch Salary in Trust Fund

Philadelphia 76ers star point guard Michael Carter-Williams’ mom put his first-year salary into a trust fund that he can’t touch for three years.  

Michael Carter-Williams 
Michael Carter-Williams  Nick Laham/Getty Images

Michael Carter-Williams transition into the NBA wasn’t  long. In his first game with the Philadelphia 76ers, he finished with 22 points, 12 assists, 9 steals, 7 rebounds and just one turnover in 36 minutes, in the season-opening victory over the Miami Heat. His nine steals were an NBA record for a rookie in his first game. But his transition to making millions is something his mother wanted to make sure didn’t take the 22-year-old by storm.

According to the Philadelphia Inquirer, Carter-Williams’ mother, Mandy Carter-Zegarowski, along with her best friend, Traci Tracy, who function as his management team, put his entire rookie salary into a trust that he can’t touch for three years, ensuring that Carter-Williams will not be a NBA flame-out, at least financially.

Carter-Williams’ rookie contract guarantees him $4.5 million over his first two seasons. He could make a total of $10 million if the Sixers pick up the final two seasons of his contract, according to the Philadelphia Inquirer.

But Carter-Williams’ wallet isn’t empty. The point guard still has Nike and Panini trading cards endorsement money to blow.   

Read more at Philadelphia Inquirer.

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