TNT NBA analyst Shaquille O’Neal said his advice to NBA players is to save aggressively about 75% of your earnings and live off the remaining 25%. (photo by TNT)
Mafia-NBA Scandal and Shaq’s advice –
That’s Amaury News and Commentary
By Amaury Pi-González
The average salary of NBA players is 11.9 million. Shaquille O’Neal’s comment and question about the players involved in the gambling investigation were, “How much is enough?” Shaq’s advice to the players in his own words: Save aggressively — ideally 75% of their earnings — and live off the remaining 25%. Ideally 75% of your earnings, and live off the remaining 25%”.
He emphasizes that it’s not about how much you make, but how much you keep. His core principle is that with discipline, you can build wealth and financial freedom even from smaller amounts by living. Shaq played for 19 seasons in the NBA.
Shaquille O’Neal’s fortune is estimated at around $500 million in 2025. But when it comes to handling his finances. Shaquille O’Neal said to his own children, “We ain’t rich, I’m rich, to teach them the value of hard work.
Shaq believes his children should earn their own success and not rely on his wealth. He requires them to finish school, get a degree, and present a business plan before he will invest in it. The NBA sent a memo to all 30 teams four days after guard Terry Rozier and coach Chauncey Billups were indicted by the FBI in the gambling investigation, shaking the NBA to its core.
The league wrote that it is reviewing policies on injury reporting, training, and education for all NBA personnel, as well as player safety measures. Charles Barkley has been vocally critical, dismissing arguments of gambling addiction and calling those involved “stupid.”
This comment came during an on-air debate with fellow NBA commentator Kenny Smith, who suggested addiction could be a factor. After the recent arrests on this scandal, Barkley has been very critical, dismissing the argument made on-air by commentator Kenny Smith, who suggested addiction could be a factor.
Quotes: Adam Silver, NBA Commissioner: Emphasized the seriousness of players betting on games and stated that nothing is more important than the integrity of the competition. Jessica Tisch, NYPD Commissioner: Described rigging games for profit as immoral and illegal, calling it an offense to players and fans. FBI Director Kash Patel: Referred to the alleged schemes as “mind-boggling ,” involving significant financial fraud over multiple years.
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