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070: The business door is officially opened

How do NBA players get their salaries? When I was a fan, Link was always very curious about this issue.

For those contracts that cost tens of millions or even hundreds of millions, should the boss ask the truck to transport the cash to the players, or write a check directly?

What does it feel like to suddenly own tens of millions of assets?

However, today, Link finally got the answer to the mysterious question "How to get a salary for NBA players". And the answer also disappointed Link very much.

He thought he could go home happily with $2 million today. But Jeff Austin's calculation made Link stunned.

"First, it's the federal tax, the tax rate is 33.61%. Then there's the continental tax, and the continental tax in Tennessee is 7%. Then there's my 3% contract commission, plus third-party custody fees, etc., the amount you can get in the end is about $1.26 million."

Looking at the numbers on Jeff Austin's calculator, Link was shocked. He shared his salary and was cut almost half of it!

But it is actually quite good to be able to go home with one million dollars. One million is a number that only appeared in dreams before.

However, after putting down the calculator, Jeff Austin spoke again.

"According to the NBA's rules, November 15 is the first payday every year. After that, pay will be paid twice a month and receive 24 paychecks a year. Since you only signed with the team until the end of the season, there are no 24 copies, only 12 copies. So today, the amount you can take is," said Jeff Austin, pressing on the calculator.

"The salary you can take today is $105,000. Congratulations, Link, you are a real NBA player now."

"Uh" Link curled his lips, why can't he get excited? Nonsense, I thought I could carry 2 million home today, but I only got 100,000. This huge gap naturally caused Link to be thrown into a pot of cold water in an instant.

But then again, he used to be in the Development League for a year to get more than 10,000. He played a ten-day contract in the NBA, but only about 50,000. Moreover, after receiving it once, he didn’t know where he would be next time.

But now, he can earn $100,000 every half of his salary every half month, which is excellent. Although he was cut off nearly half of his salary at once, he is also considered a millionaire.

Link clenched his fists, and he worked hard for so long, and finally his dream came true.

"This is your check, Link. In a few minutes, the official signing of your contract with us will spread throughout the United States. Tomorrow's game against the Oklahoma City Thunder, the media will definitely look at you with a magnifying glass. At that time, I hope you will perform well." Chris Wallace smiled and handed a 105,000 check to Link.

This is the first time Link gets a salary, so he has a little more sense of ritual. After that, the salary is paid, and it is usually just paid directly to the player's account.

"Happy cooperation, Chris. Believe me, this summer, we will consider the Memphis Grizzlies' offer as soon as possible. Let's go Link, your signing ceremony is over. Don't think that this is your end. Boy, the NBA road is still long."

Austin stood up and said goodbye to Wallace, then took Link out of the office. Link looked at the check worth $105,000 in his hand, and was a little stunned. Jeff Austin looked relaxed and lit a cigarette for himself.

There are too many such scenes in Jeff Austin. He has signed a contract worth tens of millions of dollars, so this kind of small contract worth millions cannot cause any turmoil in his heart.

"How do you feel? From Development League to NBA, from a short contract of ten days to an annual salary of 2 million yuan. You must be deeply touched." Austin said, patting Link on the shoulder.

"Well, the world of professional basketball is very cruel. But once you can survive, the rewards will be very generous." Link remembered all the things in the Development League and cherished his situation even more.

If Upshaw was still there, he would have been able to wait for such a day. He would come home with a check of one hundred thousand dollars and celebrate the whole family lively. Ms. Martha would definitely make her best pineapple pie, and Upshaw's sister wouldn't have to worry about college tuition.

But it doesn't matter, Link is now walking with Upshaw.

"I want to go to the bank first, Mr. Austin."

"Oh? Do you want to withdraw your cash so impatiently?" Austin smiled. An ordinary person suddenly had $100,000 in his hands, so he would definitely want to squander it.

"No, I have to give the money to my parents and Upshaw's mother first. I promised her that she would pay her daughter's tuition. And my parents, who have paid enough for me to go to college and play basketball for four years."

Link's answer made the smile on Austin's face disappear. He had seen too many players spend all their money on the first day he received his salary. Luxury goods, cars, and houses are not enough for hundreds of thousands of dollars in front of these things.

However, after Link got his salary, he actually wanted to call someone else for some reason. Austin became more confident in Link. Sometimes, some of a person's traits may be more important than football skills.

"Link, do you feel very unhappy? It's obvious that $2 million is missing, but you're half the money." He Link walked all the way to the underground parking lot. Austin did not rush to get in the car, but stopped and continued to chat with Link.

"To be honest, it's quite unhappy, hahaha. After all, who doesn't want to get more rewards?"

"So, the value of commercial activities is now reflected. As an NBA player, your income source is not just salary. Now, you are a formal NBA player. And I also have to start your business activity plan. Don't worry, I won't let you go to the amusement park to play with the fans to play shooting machines. What I am talking about is a real business contract, advertising endorsement, TV shows, and signing a sports brand contract, other cooperation will follow."

"But" Link looked at himself, "Can I really have such great commercial value."

"That depends on how you perform on the basketball court. NBA is a fair place. How capable you are, how much money you get. So, keep working hard, Link. As I just said, this is not the end, it's just the beginning. By the way, do you have any taboos about commercial contracts? For example, some brands you don't want to endorse, I will directly reject them."

"Uh, not yet. But, stop letting me participate in those boring activities." Link knew that every player had more or less some brands that he didn't want to endorse. For example, Yao Ming refused Nike's invitation to endorsement back then. Because Nike's first offer to Yao Ming was so low that Yao Ming felt insulted.

But for Link now, he has no capital to pick and choose.

"Well, from today on, your business cooperation has been officially put on the agenda. Don't worry, I won't disturb your training and competitions, so I'll leave it to me. Enjoy your wonderful night, Link. Remember, this is just the beginning."

Austin waved his hand and drove out of the underground parking lot of the FedEx Arena.

Link stood there and pinched himself hard. Well, it hurts, which means he is not dreaming.
Chapter completed!
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