So im in line with my harden t-shirt on today and the cashier who is an extremely nice woman asks if im a rockets fan, and of course i say yes, and she just nonchalantly says to me...."huh well a fun fact for you is that greg smith is my son" i was literally in shock...she somewhat resembles him, and i said why do you work here then? she said "i was raised to work and ill do just that until i decide to retire" now before you get skeptical with asking for pics....i didnt take a picture with the cashier at krogers.....but if you wanna check me on it, she works at the krogers on 11th and shepherd...next time i go ill get a photo, she is the only black female cashier, plus she looks like greg a little bit.......next time i go in there im going to ask her to get me an autograph or something from him.....maybe she can set up a play date haha
She seems like one of those old school people who doesn't want a handout regardless of how big her son has made it, she acted like she was gonna work for herself no matter what......he better have bought her a house or something....she said she's staying in the area so houses aren't that expensive
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Her son also hasn't gotten FILTHY rich yet. He makes what? 600 thousand dollars a year? That's a lot of money for certain - but he went undrafted. He's never been guaranteed a place in the league. If he is smart, he is investing his money - not spending it. And after taxes, what do you think he's earned to date? Maybe 500-600 thousand dollars? That's hardly the kind of fortune that means his mom never has to work again.
Also, what's the tax rate for NBA players, and other fees expected from all NBA players? Moreover, Smith right now is a fringe NBA player who may or may not be in the league a few years down the road. It would be unwise for him to spend money like he's a millionaire.
http://www.basketball-reference.com/players/s/smithgr02.html#all_salaries Pre-tax, he's made a bit over $1,000,000. After government taxes and state taxes for games outside of Texas, $600,000 sounds about right. He's guaranteed another $880,000 this year, so you can easily add another $500,000 on top of that. These days, that's nowhere near enough for someone to be set for life. You'd need at least three times as much to get by, probably four to five times as much to be comfortable. And that's assuming you're smart with your purchases.
I think maybe he has kept about half of his salary after taxes, management fees, etc. But who knows....taxes for athletes seems to be excessively complex http://www.forbes.com/sites/kurtbad...urns-illustrate-complexities-of-u-s-tax-code/
