Michael Carter-Williams has quickly become the front-runner for the NBA's Rookie of the Year after averaging 17.7 points per game and a league-best 3.1 steals per game. He recorded his first career triple double in Tuesday's double overtime win over the Magic.
Carter-Williams has helped the Sixers get off to a surprising start to the season and make good headway on surpassing the nine wins many prognosticators thought they would struggle to reach.
Carter-Williams has a solid group around him both on the court and off the court. It really took a village to raise Carter-Williams, as Keith Pompey of the Philadelphia Inquirer details.
This includes taking care of Carter-Williams' finances.
Being the 11th overall pick in last year's draft, Carter-Williams is slated to make $4.5 million guaranteed the next two years with the potential on team options for almost $5.6 million the following two. Expect those team options to get picked up this summer. So that is nearly $10 million.
And that is nearly $10 million that Carter-Williams is not going to be able to touch for at least three years. His family is putting all his money from his rookie contract into a trust account for his benefit a little further down the road:
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. That's just one of the benefits of having caring parents.
It should be difficult to live off of those endorsements, right?
Joking aside, considering how many NBA players blow through their money so quickly this is a smart move and a good one for his family to take to protect him should this whole NBA career thing not work out.
Through about 20 games, it sure looks like it will.
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