Why Tyler Herro Will GO BROKE
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- Опубликовано: 28 сен 2024
- In today's Latest Hoops video we take an in depth look at why Tyler Herro will go broke.
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#nba #tylerherro #miamiheat
How am I gonna feed my family with 14 million?
- Latrell Spreewell
It was 21 million wasn’t it? Or did i miss a joke
difference is Latrell had already 100m in career earnings (144m today) when he rejected that contract lol. Even if he signed it, he would be broke today. 14m (6-7m after taxes) wouldnt save him, he was in mad debt.
He did not have 100 millions already that’s straight cap
@@johnasaro7942 Uh you good dude? You do know contract history sites exist... right? LOL. the idiots i run into in the comment section, jesus christ.
Sorry thought it was before he was with timberwolves my bad
He won't last long in the league if he doesn't stop letting the fame go to his head!!
why won't he? he's playing nice.
@@dbspew Your chick basketball knowledge is hilarious. Duncan Robinson who was an undrafted player is outplaying Herro in every way. Go watch some basketball girrrrrrrl!
@@drumpftodd7887 no he’s not
@@drumpftodd7887 he's playing the 6 Duncan Robinson is starting I hope he does play better when there team is focus/built around his shooting
@@sullybutler1775 i think the contract speaks for its self. you cant party and play professional sports and think that it will last.
Shiiiid, $10 an hour as a 16 year old. Ballin.
that's too much from my perspective
@@tadas2001 that’s a lot, where you live? I’m make 18.50 an hrs and I’m 18 but I work at ups
@@awesomekelber1857 minimum wage is around 430€ a month ;) so it should be around 3€ an hour as a waiter
@@eyerull5301 10 is actually great compared to the minimum wage in nc which is 7:25 and a lot of jobs hardly even pay over 9$ unless it’s something like construction or a warehouse job but even then you’re hardly getting 12-14 an hour.
@@eyerull5301 yeah coming back with like $300 a week after working yo assoff
It's amazing that none of these young players realize how much money they could have in a few years if they just invested 90% of it. They could still live comfortable lives while making tons more money that gives them a safety net if they get hurt or just start to stuck at basketball.
Yea you say that but it’s a lot harder to do that when you got that typa money that’s easy to spend for one alotta people not even taught how to manage that money two you got hella influences in this world
@@antkkidd5392 Exactly. There are many people in white collar professions (finance as an example), who make lots of money, but are still basically living paycheck to paycheck. It isn't just athletes who make dumb decisions when it comes to money.
Can you blame them tho? They spent spend their whole life dribbling a ball nba talent doesn’t transition to financial literacy
Or just stay away from the ladies lol
I did see a video where he talked about how he got a financial advisor that pretty much gave him a budget based on if he never signed another nba contract and how to spend every year for the rest of his life to make his money last. If he signs another contract then they update the budget, sounded like a very smart thing to do but im not sure if hes actually following it but i hope he is.
I would bet my hellcat him and his girl not making it pass tree years together and later she will get that child support check
For example, instead of selling your liabilities when you run short. Turn those liabilities into assets. For instance, instead of selling your expensive whips, rent them out. Liability becomes an asset!
None of these comments aged well 😂😂 herro still out here balling for the number 1 seeded heat
When will some dudes learn? These women see money not love
He needs to get rid of that distraction man cause the Heat will get rid of him he's not a go getter
He definitely doesn't have a competent Financial Advisor
his high school buddy is his financial advisor
@@khoado123 I heard and he's doing him dirty bro
this young player should spend thier dough wisely! 💸💸💸
Tyler hero needs to be smart
I remember meeting him and jimmy butler at the Godfrey hotel in chicago
In the GQ video he literally says his financial advisor gave him a plan for if he never made another contract. People just hating, guys 21 years old and he’s a HOOPER.
I'll never understand the obsession with celebrities/athletes and expensive cars. They are the WORST purchases you can make.
guess ure not a car guy then
@@Thelegendarytrinity Admittedly I'm not, but it doesn't change the fact that other than real estate and maybe a personal jet or helicopter, they are the most expensive property you can reasonably own, and they depreciate quickly (unless it's model with a limited run and is highly coveted). Also, a lot of these celebrities aren't even car enthusiasts. The cars are just show pieces to flex their ego and financial status. I just couldn't justify buying a car for 200k that's main purposes is to take me from point A to point B when I could get a car for 25k that does the same thing.
@@Thelegendarytrinity it has nothing to do with being a car guy. People with sense understand that a car's value is halved the second you drive it off the lot unless it's a very coveted car. 95% of vehicles don't hold their value worth a damn.
Yeah I’m not much of a car guy but if I had that kind of money I’d probably buy a pretty nice, but modest daily driver and then maybe something a little more flashy for special occasions lol I’ve just seen so many videos of rich dudes giving tours of their garage and half the cars are never even driven. Not a good investment for a piece of decoration basically
It's about them trying to brag about what they own. Most of these exotic cars can't be driven more than 500 miles a year. I don't get it either. Instead of the lambo or ferrari, buy the new corvette which you can drive more and is almost just as powerful!
Damn Jack harrow should start singing
Cars are the worst thing you can spend your money on, they always go down in price unless you get older cars that are collectible, but even then its not really a good thing to invest your money on because there are much better things for investment.
From what I understood, that 400k for taxes etc was from that first million, not his entire year’s salary
Interesting how year after year these athletes have examples of what not to do but yet still end up doing it. History can be your best teacher.
If me, as hard as it would be, I’m doing a Beast Mode-Gronk thing and getting endorsements and living off those and not even touching my check.
Mom’s and brothers wud have to wait on cribs. And it’s time, they getting basic and not a 3,000 or more sq. ft. acre+ home. They getting something they can manage. I’ll buy it but it won’t be anything they can’t manage with what they got now. Car would be basic too, no luxury. Handle your own insurance, up-keep and maintenance.
You listed his total car purchases and then listed each individually. $5,000 month in rent is very little for a guy making as much as he is (especially in Miami). Taxes are taken out of his paycheck so $400000 is likely more than sufficient to cover his balance. He also makes a good chunk of money on off the court endorsements. Herro will be fine as long as he keeps working on his game. It’s the 2nd contract that sets these guys up for life
ow look at his stats now this vid aged like milk lmao
I'm sure he's eating off of endorsements. He's been spending a lot but I bet he's OK
"Everybodys gotta learn"...PJ Washington
He got the money ..spend smart
Here for a good time, not a long time!!
The person that comes to you to invest will squander your money too. You know how many athletes lose their money from terrible investments. It’s just a matter of living within your means and doing your due diligence.
You have to find a investment broker who is a fiduciary. They only get paid when you make money so there's a big incentive for them to produce positive results for you.
All these guy need to do is put their paychecks in S&P 500 index fund.
You can get his cereal for 82 cents now at Winn Dixie!
Post divorce
50% to her
40% to tax
35% to lawyers
Bankruptcy here he comes
He should've stayed at Kentucky for at least another season before turning pro. Anyway, I wish him the best.
The title of the video you’re referring is called “how I spent my first million”. When you talk about the $400K being set aside for taxes, you mentioned that is not enough to cover the taxes he owes on his salary. However, isn’t the money set aside for only that 1 million and not his entire salary of taxes?
Florida don’t have taxes
He’s a 15 ppg player who will get an extension next year. He’ll more than likely get a contract extension of at least 15 million a year next summer. You’re also not taking into account his endorsements and other streams of income. Rest assured that he’s not on the way to going bankrupt by any means.
Andre Rison
11 yr NFL career
$20M earned
86 expensive cars
Bankrupt
2nd half of this video is repeated from the 1st half of the video? why?
I fall under the "don't care" category which is something me and Herro have in common. He would rather be a celebrity then an all-star. I can't respect that.
He just wants to play basketball, take care of his family, and make money. I don't understand how you can't respect him for accomplishing his goals simply because you want him to be an all-star and he doesn't care about being an all star. Same boat as getting upset with athletic people for not wanting to play organized sports. They don't want to. Let them do what they want.
@@antf1202 i genuinely don't care about him in the slightest I'm a lakers fan. Don't get butt hurt because of a comment. What he wants to do with his life is his business but since you obviously didn't understand what I meant I'll dumb it down for you.
He doesn't care about team ball, which is his job. You were right he just cares about him and his family but he's paid millions of dollars to put his team on that "list of things to care about". He doesn't have the luxury of just taking it easy, if "he just wants to play basketball" them let him furlough his contract, get a job at Starbucks and play ball with some friends. 😂 he worked most of his life to get to where he is now but you don't get to just stop working for that because you made it. Otherwise he won't last 10 years in the league and will be broke in 15.
Edit: btw you know you can call "athletic people" athletes right? Lmfao I couldn't resist😂
@@antf1202 obviously you're a "bare minimum" type of guy if that was your take on my comment which speaks volumes on your character. 🤷🏻♂️
@@WackedOutCookie if they were athletes that means they would play a sport. So saying “athletic people who don’t play sports” is right because they don’t play sports
Tyler Herro needs to learn how to code
If you invest 4 million dollars today and get a modest return on your investment you could live off the interest alone And not have to touch the principle. If you invest your salary and live off of interest and endorsement $ you can have a pretty baller lifestyle. This advice only really applies to people who get 7 figure sports contracts.
His financial adviser must be his high school mate.
I first saw him, man he impressed me. Quiet guy, all around amazing game.. etc. .watched him from high school , college then pros. Saw the vid what he spent his first check on. Then i see it go downhill. I see him rapping and spending im like no .. please no...
"Disappointing Sophomore slump" when he averaged more pts assists and boards than his rookie season is such a ludicrously idiotic echo-chamber take. Yall need to stop the slander.
Tyler just had his first full offseason and so far he looks promising for a much improved year 3..
im saying this video is so dumb almost makes me think that Tyler Herro did something bad to this guy for him to make a dogshit video talking about him
He was expected to make a bigger jump. His numbers were identical to his rookie year if you take out the extra minutes and shots. His rebounding and playmaking got a little better so fair play to him. He did have a short offseason so it is kinda understandable.
This season is his chance to prove himself now.
i feel like you watched Spencers video then went and made one of your own
He should've put 95 percent in a trust, got a roth ira started, bought a home for about 400k max and put 50k worth of renovations in it, and have anyone he dates have a contract that includes a pregnancy clause.
Dividend stocks with that first 1 or 2 million then after that look for a good deal on a house. Cars, hookers, chains, blow, clothes after that.
This Channel Should Just Be Called NBA Pocket Watching 😂🤣
He is literalky advertisees sweetheart I don’t know why but dude is liked by brands a lot
He have to watch out from child support is the money drained of your paycheque
he will be fine
400 000 GRAND IN TAX IS WAY TOO FUCKIN MUCH LOL
He’s getting a trade
For one, his family are well established financially. Second he balling, he'll be just fine barring injuries, the kid is nice. So SHADDAP!
I know his family and that doesn't mean he is not making bad financial decisions!
Lol he is gonna be broke because he’s babymama gonna file for child support the second the kid is out
your reasonings are stupid. PJ washington has to pay nearly half his cheque to brittany because of child support. tyler doesnt earn as much as him nor saved as much as him and if he's baby mama files for child support and even he's financially well family cant afford it
@@timothyree8653 Because his family supports themselves and hes making great money he actually has a good chance of getting joint custody. And since both parents make good bank its likely he wouldn't have to pay any child support at all.
@@antf1202 u must not know how the court system works. The mother's income is never considered when it comes to child support. And the mother always gets the child
You can also invest in the wrong “financial advisor “
I love how you clickbait his girlfriend taking his wealth cause for some reason everyone thinks she's gold-digging even though she already has her own bag.
what about P.J Washington and Brittany Renner I thought she had a bag but she wanted more I guess.
@@Lilflo9012 that’s a fact bro these ball players gotta watch out fr 😂
Let’s hope so but we’ll see soon enough
Facts she been had her own
How much she make then cause nba players can make up to 200 million
Florida got no income tax right? I'm not American so I don't know how it works
Was not ready for that foot injury .
Amen as an I agree
The writing might be on the wall
6:59... ight imma head out
theres i also ad revenue which he makes lots of. also his girlfriend is rich as well. even if he gets traded he still makes money so it doesn't matter if he is traded. he still isn't really going to go broke compared to other players who set nothing for taxes and investment and he has built a brand he can make money off of if he is leaves he really isn't on this path.
I feel like Katya is a borderline Brittany renner
Not sure why you chose to single out Tyler Herro when other NFL/NBA rookies have done the same thing with their first contract. He literally has a financial advisor and agent. Stop pocket watching.
Why you sound mad?
@@Blzej23 Cause half the league acts like this and gets no shit but for some reason people choose to go after this dude. He made a snarl in the finals his rookie year and now people wanna shit talk him whenever there’s a chance available
These pro athletes are much better than average ppl in of course their athleticism, mindset, determination, and perseverance for them to make the big leagues. But whats below average for them is their intelligence, intellectual and behavior esp when it comes to fame and money, for the most part atleast. The last thing any athlete should do is have a child before 22 at the very least. Even at 18 I was always good with money, and I hope they all hire a financial and life advisor with the money to help them in the long run
“Miami Heats”
The jewelry stores really take these guys to the cleaners.
Going through a ton of money spending it on things you want is just as enjoyable as making it last to provide you the things you need. There is no real advantage either way. Take a look at Katya. Would you rather be with that and be broke at 40 or live a nice stable life and be comfortable in your old age? It's 6 of one half dozen of the other.
You CAN have both you know. Tell me that you believe that you cannot find a beautiful girlfriend if it is known that you make good money and that you are a serious person. Now imagine if you make millions. Just like with Simmons who is exposed by the comparison, the existence of Giannis is anathema for Tyler. Giannis *has* a family and kids. Ain't *nobody* under those videos saying that his wife will file for divorce and crap like that. Why? Because Giannis didn't marry an instagram model. Sure, Giannis' wife ain't cracking instagram and modeling catalogues, *but* she was an athlete and she did and does look quite fine.
So YES, as an NBA player, you *can* have a family *and* a beautiful wife *and* your money well invested *and* the love of the local community *and* the love of your team *and* its ownership. All you need is some wisdom and some integrity, so that all the fame and money won't get to your head and turn it to mush.
These young rich men need to see these scam Artist women coming
You said at one point buying a house people don't live in is a poor investment and then later on said that you shouldn't buy things you should invest. Houses are an investment.
Would be good if NBA was organizing some lectures for freshly drafted players about finances (how many former players are broke because of uncontrollable spending on useless stuff) as well as women... Looking at you PJ Washington and LaMelo... Charlotte Baby Daddies
smh
Shidddd I’d let it all go to get some of katya
Bro this man has guaranteed money. he will be in the league no matter what.
Katia will take good care of him...(cough, cough)
He got to go hard lol
Trade and a baby
Herro is all about the fame and be a celebrity and not about basketball
This video is not that accurate though. The GQ video shows how Tyler Herro spent his FIRST million bucks. However, so far, Tyler Herro has made: $3,640,200 (2019/2020 season) and $3,822,240 (2020/2021 season). This season he is still under contract with Miami, which even if he gets traded will guarantee him another $4,004,280. Next season he has a Team Option (for a salary of $5,722,116) and the next one he could make up to $7,913,686. So yeah, he only discussed how he spent 1 million our of 7.5 million that he currently made from salaries. Even taking out taxes and everything, he still made a LOT of money. In Florida for 4 million made, you take home 2.5 million. So yeah, he did have some expenses which are probably not worth it, but from this to "going broke" is a long way. And he still has guaranteed money coming in for now. We will see in 2022/2023 if Miami keeps him and if not, what type of money he can get somewhere else.
The $400K for taxes was based on his first $1million. You would need to scale that up to reflect his $3.6million salary.
Serious question: it is 40 years since the advent of AIDS, nearly 30 since Magic was diagnosed. Why the heck are athletes having unprotected sex with people they know have had multiple partners?
Dope Intro
Dude if the heat don’t want him we’ll take him at Golden State and respect his life unlike y’all lmao
Don’t look at Heat fans, casuals think he sucks because he didn’t turn into a superstar his 2nd season😂
These athletes when starting off should run from them gold diggers that instantly get pregnant they will lose millions in child support payments
Athletes do go broke, but I think Tyler Herro will be fine. People don't understand basketball, the guy still averaged 15 ppg last season, just because he didnt make the finals and go off last season, it doesnt mean he isnt going to be an nba veteran, hes got like 10 years left in his career
Love is cheap; probably the cheapest thing you’ll ever buy; I’m not talking about dollars; if you don’t get it you don’t get it so figure it out unless you’re too offended
Money issue
you worrying about another mans pockets ?
What a waste of money 💰💰💰. Great video...
If your gf/partner is an "Instagram Model" you are already fucked. Just get out of that. I wouldn't be surprised to see a law suit filed on him by his gf any time soon.
Wait till he gotta pay child support money
Meh, they could've traded Tyler for Harden and didn't, they aren't going to get that sort of return on him again so I see them keeping him around. Pat Riley hates selling low, look at how long he kept core players around - Dragic, Haslem, Birdman etc etc... If he sees value in a player he'll make sure they stay in a Heat uniform.
Tyler and literally every other asset we had for harden which would have been cool but like last year showed one injury to him or any of your big 3 and your year might be wasted
im here for T if he needs a mature advisor
Aman
From Herro to Zerro
this aged terribly
If i given a chance to have a million dollar ill invest it in McDonalds people loves to eat there is very low chance losing that investment.
The average NBA career is about 4.5 years
If you look at guys with similar production to Herro, he’ll last 8+ years in the league
You assume investing you can’t lose it all just the same lol.
Ikr the stock market crashes like every 6months at this point. I thinking spending money on properties and liquid assets as much as possible is the best option honestly
@@pharder1234 It doesn't have a huge crash all the time. Look at the overall growth an the annual average growth each year. It typically beats most investments in the long term. You have to diversify and save money to average down when the market takes a hit.
The stock market doesn't "crash" every 6 months. Pullbacks and corrections are normal and it's pretty much a guaranteed every year but over the long run, investments in the right stocks prove to be one of the best things you can do with your money. Stocks, real estate, art and crypto.
man is pocket watching an nba player
Stop hating....it's his money.
He better have 5 rich white boys that are not N'sync to influence him to invest his money wisely
Can you please help me understand why "Service dog side of tik tok" gives off SO much Karen energy? It's for a paper.
I'm dying bro😂😂😂😂
LMAOOO
Just needs to be smart with his money and focus on his game and he will be fine. I just hope he keeps that same energy in the future
Smart with his money?
@@myballsitchsomethingfierce6319 ur first million doesn’t even count, use it how you please there will be many more to come
People don’t realize besides his salary he has sponsorships also. He’s got $17mil in guaranteed money and a deal with Nike and a bunch of other companies. Duncan just got paid 90m. Alex Caruso just got $37m for 4 years after averaging like 6 ppg in his first 4 years…
@@mrNCSUman this is why you will never be rich.
@@champbailey88 They didn't give Caruso that money for his scoring. That's not what he's asked to do. He's one of the best wing defenders in the league and is an excellent passer. The Bulls have him playing crunch time because of that.
This guy is doing everything except playing basketball. I blame Jack Harlow for making that song and inflating his ego before he ever did anything in the league. Twas too early for the poor lads ego SMH.
Honestly yea. It kinda seems like he's content that he's made it and I really hope he's not.
You do know he improved in most of the major stats his 2nd yr right lol while also taking on a bigger role ball handling and running the offense lol
@@johnwatkins6321 he been doo doo my guy
@@revxl722 I don't know how someone could be called do doo after doing what he's been able to do 😂😂
@@johnwatkins6321 he's good no doubt but comfort is the killer of all dreams. He got comfortable and stopped producing how he was supposed to. I hope he lives up to the hype.
The kid alone will do him in! They always say don't get her pregnant!..... She's the boss now!
Why you crying over his life lol, let that man do what he pleases.
@@daddyposada1826you sound super sorry and corny lol. Costs 0 dollars to be official, and your still short change
@@daddyposada1826 why do you cry over a man crying. Let the man man and stfu bro