Washington Wizards shooting guard Bradley Beal doesn't spend his money on material things anymore.
Beal, who has earned roughly $117 million over his NBA career, says buying jewelry and cars “gets old.”
“It gets old eventually,” Beal told Jabari Young of CNBC. “All the jewelry, all the cars; that s— gets old. Use it for what you need it for. You take care of your family. You take care of your immediate loved ones. And then you save your money for your family down the line.
“You have to think, when we get here, especially as African Americans, we don’t make it out of our situations all the time. So when you have [money], you have to get a financial advisor. You’ve got to have an accountant – make sure you’ve got your whole team together because if you go into the league blind, you’ll be broke.”
Beal just signed a two-year, $72 million extension with the Wizards. The sharpshooter is guaranteed $130 million over four seasons.
Beal's new deal contains a player option for the 2022-2023 season. Beal would be eligible to sign a five-year, $266 million contract with the Wizards in the summer of 2022 if he declines that player option. That’s assuming Beal is still in D.C.
Beal averaged 25.6 points, 5.0 rebounds and 5.5 assists last season for the Wizards while shooting 47.5 percent from the field, 35.1 percent from beyond the arc and 80.8 percent from the free-throw line.
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