Nov 18, 2011, 2:01 PM EST
The perception is that every NBA player is living life like Vinny Chase in Entourage. Women, drugs, parties, hangers on and money flowing out in a river.
It happens. But not to everyone.
Businessweek has a story with Jeff Foster, the Pacers center you usually think of as the other guy in the poster but who has hung in the league a dozen years. And he’s a guy who did something novel — he saved his money.
Foster has played in the NBA for 12 years and earned more than $47 million, and he’s done something extraordinary: He’s saved about three-quarters of his take-home pay.
The story goes on to break down Foster’s investments — he got burned by the Internet stock bubble but now has a diverse portfolio of investments. While a lot of players have had their last contract spread out so they got payments into the summer, Foster didn’t because he wanted that money to be earning him interest.
He did buy himself a Porsche at one point, but he’s sold it. He’s back to having an SUV now. Can’t have those wild expenses during a lockout.
- Five Things We Learned in NBA Wednesday: Is this rock bottom for Oklahoma City? 0
- He’s on Fire! Kyrie Irving scores 55, knocks down game winning three (VIDEO) 39
- LeBron James out Wednesday vs. Blazers with wrist injury 6
- Home-court advantage means less than ever in NBA. Why? 18
- Nikola Mirotic’s unique style rewarding Bulls for waiting on him 16
- What We Learned in NBA Tuesday Night: Bulls fans should want more of this attacking Derrick Rose 28
- Derrick Rose hits step-back jumper in overtime, lifts Bulls past Warriors (VIDEO) 8
- It’s official: Zach LaVine, Greek Freak Antetokounmpo headline All-Star Dunk Contest 12