He’s completely raising his son on his own and paying child support for nothing. Not gonna hate on Trevor ever since I saw him in the Culver City Target and then in the LAX terminal. He’s just a normal dude now.
Well, as a former player he can do podcasts..... His voice ain't bad, should have gone into broadcasting.....that would at least have kept things afloat.
We see that but don't take into account EVERYTHING else. It always seems like a lot of money but here goes. Tax - $60M Agent - $5M Attorneys/Advisors - $5M Misc - $5-10M (Investments/side expenses/employees/marketing) So, he probably had a third or about $40M in actual money to spend and he obviously lived well above his means. We look at that and still shake our head but if you are on top of the world and have other people with access to your money while you are away for most of the time it is going to disappear quickly. This is a nice guy that got started very quickly in the NBA without a lot of the knowledge needed for protection. Chad Johnson apparently played this game very well. Post-retirement, Ariza detailed his monthly expenses in a 2023 court filing. He listed $13,000 for a mortgage, $13,000 in child support for a son from a previous relationship, $14,000 on car payments for multiple vehicles, and $19,000 on miscellaneous expenses. This last category included costs for a personal assistant, basketball training for his children, massages, boxing classes, and $2,500 monthly for his girlfriend. Additional expenses included $8,900 for childcare, $1,500 for groceries, $3,500 on clothes, and $3,200 for tuition, totaling over $80,000 per month initially. By 2025, he reported reducing this to $37,008 monthly, with $18,850 for his mortgage, $2,000 each for healthcare and groceries, and smaller amounts for utilities, phone, laundry, clothes, education, and auto expenses. It might sound callous but it wouldn't be the worst idea in the world for every athlete/famous person to get a degree in finance and work on the side developing a new career in an apprentice role in the off time. Avoid female entanglements until retired with assets secured. There is a reason Derek Jeter did not allow cellphones in his home and didn't have kids or get married until after he retired.
I saw Sterling Brown in that Target not too long ago with his son. What was cool was there were women fan-girling and he ignored them but when I said "hey what's up man" he greeted back lol. His son had the face of "my dad is the coolest".
He should seek a modification of the child support but also cut down on those expenses. That's insane how much he's spending monthly.
Yeah, it would be pretty sad if he pissed away all that money. He wouldn't be the first professional athlete to do so, but I still have trouble figuring out how these guys blow through all their earnings so quickly.
Fools, some of these guys are fools.......just have to protect generational wealth......smart guys like Battier will never go broke. You know who is the richest NBAplayer of all time? Junior Bridgeman.... DD
I liked Ariza as a Rocket but I'm not gonna feel bad for anyone being broke who made $116M playing a game...
It definitely looks more like this is a ploy to drop child support on a kid that he is now primary care taker for. It didn't actually say he ran out of money just that he has no yearly income.
This man made more than $100 million on his NBA contracts alone, not to mention any other endorsement deals or what have you. If he's actually broke it's his own damn fault. (He probably ain't though.)
Ok, nevermind. I was curious, so I just highlighted the text and read it. It's one of those battles, so who knows if he's really broke or not. I thought Ariza had a pretty decent head on his shoulders or at least someone with sense manage his money for him.
Sounds crappy all the way around - either Ariza is playing a game to get out of an obligation which is despicable or he really just didn't have the right people around him to help him make that money last for generations which is super sad. People don't realize that financial literacy is a real thing - and even very wealthy people can be financially illiterate. I work in the financial industry and see these figures from time to time and it's really messed up. If @DaDakota could get his foot out of his mouth long enough, he would really benefit from understanding how disproportionate and systemic disadvantages faced by marginalized racial groups manifest in financial literacy measures in a very real way....but I guess it's just easier for some to judge.
It's pretty clear. He says he's had to rely on withdrawings from his "retirement savings" to sustain his lifestyle. Now what does that even mean. If his retirement savings are in the millions of dollars, is he really broke? How much is he earning on those retirement savings passively? It's possible that Trevor is not actually broke at all. If I moved all my money into my 401k or a high yield savings account, my bank acct is depleted and I'm not earning enough to cover my monthly expenses, am I considered broke?
