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Michael Carter-Williams Can’t Touch His Salary Deposited In Trust For Three Years

Posted By Charles Mager On December 2, 2013 @ 3:31 PM In NBA | No Comments

Source: Kurt Helin, NBC Sports [1]

Carter-Williams [2]Sixers’ rookie Michael Carter-Williams is putting up the best rookie numbers in Philadelphia since Allen Iverson.

But MCW has yet to touch a dime of his salary this season. That’s $2.2 million guaranteed this season (and $2.3 million next season) that he is just putting in the bank.

All of his money right now is going into a trust set up by his family, as reported at the Philadelphia Inquirer (via The 700 Level at CSNPhilly.com).

Nowadays, (his mother) Carter-Zegarowski and her best friend, Tracie Tracy, are running his management team. They are taking a proactive approach to make sure he doesn’t spend all his money in a couple of years.

His 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.

But his salary is deposited into a trust he can’t touch for three years. Carter-Williams is living off endorsement deals with Nike and Panini trading cards.

He’s likely to have a few more endorsement deals rolling in soon the way he has played as a rookie averaging 17 points and 7.1 assists per game.

Michael Carter-Williams Can't Touch His Salary Deposited In Trust For Three Years by

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URLs in this post:

[1] Kurt Helin, NBC Sports: http://probasketballtalk.nbcsports.com/2013/12/02/michael-carter-williams-salary-going-into-trust-he-cant-touch/

[2] Image: http://www.sportstalkflorida.com/wp-content/uploads/2013/12/Carter-Williams.jpg

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