"I would rather take $1 million a year for 25 years than $20 million upfront because I would spend the lump sum on jet skis." — PFT Commenter

Take Slip·Jul 1, 2020

#293#PMT-2020-0701-293

I would rather take $1 million a year for 25 years than $20 million upfront because I would spend the lump sum on jet skis.

If you were to say like, PFT, I'm going to give you either twenty million dollars on your 25th birthday or I'm going to give you a million dollars a year until you're 50, I'm absolutely taking the million until 50. Because if I'm 25, I'm just going to spend it like Billy Football would—just a shitload of jet skis, essentially just my own jet ski farm.

Opinion Life Mild Subjective

This is a subjective preference on personal financial management.

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Void

Take Slip·Jul 1, 2020

#292#PMT-2020-0701-292

Big Cat

Taking deferred money like Bobby Bonilla is a better deal than a lump sum payment.

Bobby Bonilla has an awesome contract... the more MLB TV rights deals start to come in, the more you're seeing players push off and say, 'yeah, I'll take some deferred money coming down the line.' It's a good deal. It's like when that scratch-off Millions for life or whatever it is... I would absolutely take a deal like that instead of giving me all the money straight up.

Opinion Baseball Mild Subjective

The financial wisdom of deferred money vs. lump sum depends on interest rates and investment returns, making it a matter of financial opinion.

Void

Take Slip·Jul 1, 2020

#27094#PMT-2020-0701-27094

Big Cat

Deferred generational contracts like $50k a year for 75 years would just make your grandkids lazy pieces of shit.

What if you just got like fifty thousand dollars a year for the next like however long it be 75 years... all that would be ensuring is that your grandchildren are going to be like the laziest pieces of shit ever because they'll be like, 'I get my four thousand dollars a year coming in every July 1st. I don't need to get a job.'

Opinion Life Medium Subjective

The impact of generational wealth on work ethic is a matter of long-standing sociological debate and cannot be definitively proven or disproven.

Push

Take Slip·Jul 1, 2020

#294#PMT-2020-0701-294

Big Cat

The primary issue for NBA players in the Orlando bubble will be the lack of sex and groupies.

What's going to end up happening in my mind is... the big news today in the NBA as we finally have the elephant that's been in the room the whole time. Stephen A. Smith addresses it head-on and says it's going to be an issue with how horny everyone's getting trying to get out of the bubble to hook up... I was saying the real problem is we don't know the groupie situation.

Opinion Basketball Hot

While there were a few incidents (e.g., Danuel House), the bubble generally succeeded without major sexual scandals being the primary reason for failure.