Former Hawkeye Reggie Evans Urges Money Management to NBA TeammatesPosted: April 19, 2011
With the possibility of an NBA lockout looming, Toronto Raptors forward Reggie Evans is acting more like a financial planner than a professional basketball player.
The former Hawkeye and nine-year NBA veteran has devoted significant time this season to inform his Raptors teammates about the importance of being wise with their money.
A lockout appears inevitable when the NBA’s collective bargaining agreement expires on June 30. The league is preparing for the worst, having already cancelled its annual summer league in Las Vegas, as well as the NBA summer internship program.
Evans — who’s made approximately $26 million during his NBA career, according to The Toronto Star — understands the significance for saving for the future. The former Hawkeye is married with three kids.
Because of his savviness with money, Evans isn’t worried about a potential lockout, but some of the younger players aren’t as smart with their paychecks.
“My teammates will tell you, I stay on their heads about their money. They want to go buy a car and I’m like, ‘For what?’ You don’t know what’s going to happen this summer,” Evans said April 14 in an article in The Star. “Stack that money…Don’t be sweating no bullets when those bills come.”
Evans — the most experienced player on the Raptors roster — relishes the role of the veteran leader both on the court and in the locker room. He was happy to point out that he converted at least one of his teammates.
The unnamed player was “hard-headed” about the idea at first, but then realized the consequences of poor money management.
“You’ve got to be smart with some of our decisions. You can’t just live for the moment,” Evans told The Star. “You’ve got to look 10, 15, 20 years ahead from now. Don’t live in the moment.”