Why these 3 pro athletes who earn millions of dollars still drive cheaper cars via CNBCMakeIt
Professional athletes who earn millions are not known for always making the best financial decisions. Many blow their paychecks on fancy cars and extravagant homes.
In March 2018, NFL quarterback Kirk Cousins signed a three-year, $84 million guaranteed contract with the Minnesota Vikings. At the time, Cousins' deal made him the highest-paid player in NFL history. The starting quarterback makes a good point. The moment you drive a new car off the lot, its value depreciates by about 20 percent.
Morris purchased the vehicle, affectionately known as"Bentley," from his pastor for just $2 during his junior year at Florida Atlantic University. It garnered national attention in 2012 when he was drafted to the Washington Redskins and took Bentley with him. LeBron James is one of the best athletes alive today, and he's also one of the richest: He has a net worth of around $450 million, according to Forbes. James's latest contract with the Los Angeles Lakers will increase in value each year until it hits $41 million for the 2021-2022 season, according to sports contract website Spotrac, and the basketball star also earns hundreds of millions from endorsement deals and brand investments.
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