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Michael Carter-Williams 76ers Rookie Saving Matters | Chocolate City: The Best African American Blog
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Michael Carter-Williams 76ers Rookie Saving Matters


Source: Black Wealth Circle

by Charles Mombo
@BlackWealth, @CharlesSMombo

Michael Carter-Williams 76ers Rookie Saving Matters
Michael Carter-Williams 76ers Rookie Saving Matters

According to information obtained from the Philadelphia 76ers’ website, rookie Michael Carter-Williams has been named KIA NBA Eastern Conference Rookie of the Month for October and November.  He is the first Sixer to win the award since Allen Iverson in April of 1997.

Carter-Williams, 22-year-old, 6' 6" and 185lbs was the 11th overall pick by Philadelphia in the 2013 NBA Draft following his sophomore season at Syracuse.  So far this season, he is averaging 17 points, seven assists, five rebounds and a league-high three steals per game.

This is the second honor of the season for Carter-Williams who was named NBA Eastern Conference Player of the Week for games played from Oct. 29 through Nov. 3.  Shaquille O’Neal (1992-93) is the only other rookie in the history of the award to be named Player of the Week to start his career.

In his NBA debut against the two-time defending NBA Champion Miami Heat on Oct. 30, Carter-Williams had 22 points, 12 assists, seven rebounds and nine steals.  The nine steals tied the franchise record and was the most by any player in an NBA debut.  Only two other players tallied at least 22 points, 12 assists, seven rebounds and nine steals in a single game (Rickey Green in 1982-83 and Johnny Moore in 1984-85).  The 12 assists was the second-most by a player in an NBA debut, trailing only Ernie DiGregorio’s 14 assists in 1973-74.

Carter-Williams has scored 20-plus points five times this season and has recorded five double-doubles.  Through the first 14 games of his career, Carter-Williams has scored 238 points, which is the highest total by a Sixer rookie since Iverson’s 323 points in 1996-97.

Carter-Williams Management Team Forced Discipline Strategy

Carter-Williams is the son of Zach Zegarowski and Mandy Zegarowski. Drafted 11th overall in the 2013 NBA Draft, Carter-Williams is guaranteed $4.5 million over his first two seasons, but according to his management team, he is not expected to touch that money anytime soon. Carter-Williams’ mother Mandy heads his management team along with her best friend.

The Philadelphia Inquirer reported that some of Carter-Williams’ salary is being put into a trust that he can't touch for three years. In the meantime, he is living off his endorsement deals with Nike and Panini trading cards, the newspaper said.

In a statement to ABC News, Carter-Zegarowski said;

"Our goal is to work with Michael to manage his money in a way that will secure his long-term financial future."  

She also added;

"Right now, the focus is not only to save as much as possible, but also to use his unique position to serve as a role model and give back to the communities that continue to support him and his career."

It appears that Carter-Williams’ team is trying to avoid the same fate of a once famous Sixer – Allen Iverson. After earning roughly $154 million in the NBA and even more through sponsorship deals, Iverson is now in a precarious financial position. In 2012, a judge in Georgia ordered Iverson to pay a jeweler about $860,000, but once he revealed that he couldn’t pay, the judge ordered his bank accounted seized.


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