It’s been two years that Billy Hunter is warning the NBA players about spending well their money. Hunter knew the lockout could be hard.
Mitch Lawrence reports for the New York Daily News:
Hunter knows that players who maintain extravagant lifestyles and/or support a large group of family and friends could feel the pinch and splinter from the players who have put away money and are prepared for a long fight.
So starting two years ago, we told our players to be careful how they spent their money,” he said.
We tried to convince them, don’t buy a new house or a new car. We advised them not to buy new jewelry. We’ve been harping on this every time we meet, hey, don’t make big purchases until next year. We’ve also set up lines of credit for them, as we did back in 1998.”