Comments on: Klay Thompson’s dad will cut his allowance after league fine. I’m not kidding.

By: badintent

badintent — Sun, 03 Mar 2013 05:49:38 +0000

Or he could own over 100 Denny restaurants like OH or 100 + Wendys like Junior Bridgeman and hire all ex-NBA players to make the fries.

By: scalfor3

scalfor3 — Sat, 02 Mar 2013 19:11:08 +0000

I wish I had $300 a week when I was 16

By: doublezero74

doublezero74 — Sat, 02 Mar 2013 01:11:53 +0000

You guys know that teams give their players per diems when they’re on the road right? It’s crazy but the players don’t spend any $ of their own on the road unless they want to.

By: cmart0907

cmart0907 — Sat, 02 Mar 2013 00:26:47 +0000

That is freaking insane!!!!! 300 bucks a week? His father have to realize he is not 16. He has too let him grow up.

By: scar323

scar323 — Fri, 01 Mar 2013 23:59:58 +0000

Mychal is a radio personality in LA and he has spoken of this openly in the past. He didn’t force anything on Klay, this was Klay’s decisions to have his father manage his money. This is no different than having a financial adviser, except that this adviser isn’t on the payroll and is not a yes man.

By: djohnson11882

djohnson11882 — Fri, 01 Mar 2013 23:19:33 +0000

He is 23 years old, so this is his idea also, it’s not like the warriors send his dad the check every week. I think he is smart to give his father the money if he doesn’t trust himself t this point. Once he has enough money saved up I’m sure things will change, but for now he is smart to know that the checks are one injury away from not being cashed. Bet he never winds up on “Broke.”

By: birdsflynorth206

birdsflynorth206 — Fri, 01 Mar 2013 23:19:02 +0000

So does the younger Mychel Thompson get a allowance to? He plays pro ball as well

By: kb2408

kb2408 — Fri, 01 Mar 2013 23:05:26 +0000

I think the Thompson’s are very smart. If I’m a young millionaire I think I’d rather have someone I trust explicitly with my money than an accountant or advisor.

By: cameltoehoe

cameltoehoe — Fri, 01 Mar 2013 22:43:55 +0000

Parleying a medicre NBA career into a comfortable TV analyst job is commendable. I’m going with Daddy Thompson. I would def get a watcher to watch the watcher of finances though.

By: kinggw

kinggw — Fri, 01 Mar 2013 22:34:10 +0000

Call me crazy but Im one of the few that thinks this is a silly idea. Getting an allowance doesnt teach the younger Thompson how to responsibly manage his money.

There are people twice his age who still dont how to manage their money. Witholding money doesnt necessarily guarantee that he will be a responsible with his funds at a later age. The more they treat him like a child, the more apt he is to act like one. At 23, Klay needs to start making some of his own decisions. I know his father means well, but I dont think he’s helping his son. I worked at a university and saw kids who were graduating from college who couldnt even write a check or do their own laundry because of helicopter parents. Part of being a man is making mistakes and learning from them. The elder Thompson is unintentionally retarding his son’s growth. Time to let him grow up.

By: 00maltliquor

00maltliquor — Fri, 01 Mar 2013 22:22:12 +0000

So….when’s he gonna grow up and be a big boy? He’s way too old the be having Daddy doing this. But hey, if it works for him, who am I to say, right. I get where Mychal is coming from and all, but….strange. Just strange.

Does he have a curfew too?

By: stoudemelo

stoudemelo — Fri, 01 Mar 2013 21:57:39 +0000

You know the Warriors pick up the tab on most of his expenses while traveling including food

By: beavertonsteve

beavertonsteve — Fri, 01 Mar 2013 21:56:00 +0000

I’m guessing that’s the point.

By: dko83

dko83 — Fri, 01 Mar 2013 21:54:28 +0000

Awesome. Take all bets he offers you, fatcamper.

By: ermur22

ermur22 — Fri, 01 Mar 2013 21:33:41 +0000

Yea NYC too. You can’t survive on 300 dollars a week even if he pays the bills, unless he never goes out, dinners, nightlife nothing.

By: skinsfanwill

skinsfanwill — Fri, 01 Mar 2013 21:23:57 +0000

Ask Vince Young how that worked out?

By: jkiddingme

jkiddingme — Fri, 01 Mar 2013 20:16:40 +0000

Money comes, money goes. So you gotta blow it like a runny nose! Somebody should tell Papa Thompson that you can’t take money with you when you leave this world gotta spend it while youre here and save a little for your kids

By: fatcamper

fatcamper — Fri, 01 Mar 2013 20:14:44 +0000

Unfortunately that somewhere is my backyard. I’m having a really had time getting that squatter to leave.

By: ryanrockzzz

ryanrockzzz — Fri, 01 Mar 2013 19:55:03 +0000

Why it’s a blog? It’s all about saying what you think things should be.

By: edwardemanuelson

edwardemanuelson — Fri, 01 Mar 2013 19:54:38 +0000

Wow. I have absolutely ZERO problem with anything about this story. I think it’s great that Mychal is looking out for his son’s finances – and I think it is also great that he made a bit of an example out of his son on the air (“you idiot”!). Less money in his hands, less problems. He’s only 23 anyway. Keep the spending down. Mychal had a fairly long career, he’s seen it before.

Klay seems like a nice, talented kid, and might think twice and just walk away next time.

“You only need one chain, not the Mr. T starter set!” -Herm Edwards

Great story all around.

By: jebdamone

jebdamone — Fri, 01 Mar 2013 19:51:16 +0000

i think this is great but $300 dollars a week?

By: losanginsight

losanginsight — Fri, 01 Mar 2013 19:35:16 +0000

somewhere Antoine Walker is smiling

By: sageandjudahsdad

sageandjudahsdad — Fri, 01 Mar 2013 19:25:23 +0000

Don’t forfeit the agent. He’s getting $200,000
I bet Allen Iverson wishes his daddy helped him out in growing up to be a responsible man!!
Good job Mychael!!!

By: tientzu1

tientzu1 — Fri, 01 Mar 2013 19:15:37 +0000

2 mil taxes. Plus they get taxed in every city/state they play in during the year. So $2 mil is probably closer to $1 mil before expenses….jussayin

By: manwithpizza

manwithpizza — Fri, 01 Mar 2013 19:14:43 +0000

Wow each individual NBA player has their own Jay-Z, huh? Not their own Jay-Z album but their own Jay-Z!

“Far too many NBA players start living like their Jay-Z”

By: noahbird

noahbird — Fri, 01 Mar 2013 19:05:19 +0000

In Cali, $300/week is like one big trip to whole foods. If that is cut he is gonna starve. Haha

By: jessethegreat

jessethegreat — Fri, 01 Mar 2013 19:04:15 +0000

Pops is setting the kid up for financial success down the road… But the overall goal of a parent should be to prepare their children for a successful life long after the parents are gone and can no longer help out. Teach the young man to live responsibly on his own.

Probably better at this point to just buy annuities. It would be very easy for the kid to stock 80% or more away in annuities and still live comfortably within his means 2 mil – 1.6 mil would still give him 400k to life off for the year. Even 90% would be very feasible if he’s content not trying to keep up with the jones family.

By: Kevin S.

Kevin S. — Fri, 01 Mar 2013 18:51:47 +0000

Yeah… not crazy about the set-up. From personal experience, I know that family relationships can become damaged when they have financial dealings with each other, and it doesn’t have to be because somebody made off with somebody else’s money. Hire a financial adviser to handle your money if you don’t trust yourself to do it.

By: mbhcu98

mbhcu98 — Fri, 01 Mar 2013 18:45:58 +0000

Or, here’s an idea………. PBT can mind it’s own business. Report the story but, who cares what you think SHOULD happen. I think it completely and blatantly obvious Mychal is teaching his son the value of a dollar. If Klay has no problem, no one should.

By: thesixersbench

thesixersbench — Fri, 01 Mar 2013 18:31:16 +0000

ProBasketballTalk aka “One Day Behind ‘The Basketball Jones’”.