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League teaches players importance of financial management

League teaches players importance of financial management

Once practice concluded and the players completed their media obligations, they gathered in the team’s film room back in the locker room at Bankers Life Fieldhouse. There, they sat through a mandatory league meeting centered on financial education.

Managing their money is important and can’t be stressed enough. The players were instructed to always know where their money is going, and shown why hiring a business manager can be a huge help. Audits, what they are and what is needed, were also discussed.

Lance Stephenson, whose salary is worth just over $1 million after incentives, was the first player to post a photo posing with the $1 million in cash spread out over a table.

George Hill later sent out a photo of his own, with a question posed to them during the meeting:

Related: Pacers meet with successful execs in “business of basketball” seminar

Throughout the year, the NBA does a nice job of teaching players around the league. They’ve previously sat through meetings on investments, relationships and healthy living.

So, what would you do if $1 million was in front of you?

About The Author

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Scott Agness is in his second season as a multimedia contributor for Pacers.com. He delivers articles, blog posts, interviews, and videos. He is a graduate of Indiana University where he was part of broadcasts on the IU Radio Network, Big Ten Network, IUHoosiers.com and WIUX. He is the founder and editor of VigilantSports.com.

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