WNBA star Paige Bueckers went from having no bank account to a net worth of $1.5 million
As a student at the University of Connecticut, Paij Pueckers has quickly sparked her university salary so much that she turned into her mother to obtain financial support.
All her money spends on clothes and food, she had to borrow her mother’s credit card to buy gas and other necessities.
“So she was not really happy with that,” I told the seeds, and he is now the Wnba star, luck. “then [name, image, and likeness] She came in her place, then my mother [got] Her credit card. ”
Filming of draft No. 1 in WNBA No. 1 and winner of the NCAA National Championship with Uconn Huskies – a height in the meteor. The 23 -year -old was among the first batch of university athletes who benefit from changing the NCAa -backed policy, allowing sports students to benefit from the name, image and proverb deals (NIL).
Months after the implementation of the 2021 policy, Pueckers has signed its first NIL deal, which is a multi -year partnership with Apparel and Sneaker Marketplace Stockx. Her second deal with Gatorade signed in the same month, and she became the first university athlete signed with the brand. After the 2024-2025 NCAA season, Bueckers’s clear value was about $ 1.5 million thanks to NIL deals.
Now a 23 -year -old rising at WNBA, the financial transition was amazing; Five years ago, the seed did not have a bank account.
She said, “It happened very quickly, and I was not ready for that.” “Building your wealth in college and starting to understand financial affairs really something I did not really know, so I had to know it.”
Bueckers now earns a regular salary, although it diminishes compared to its support deals. In April, Pueckers signed a upscale contract worth $ 348,198 with Dallas Wings, and they received $ 78,831 in its first year, according to the collective negotiation agreement in the league.
In the same month, the seed signed a three-year deal to compete in the 3-unnated basketball league, which was postponed by the old warriors at WNBA NAPHESA Collier and Breanna Stewart. The average salary of the league is more than $ 220,000, which is the maximum basis for WNBA.
Financial literacy in the NIL era
The introduction to the osteoporosis of Al Ain’s Personal Finance is an experience by Fire common with many young athletes, some of whom suffer from a rise to success only to see their wealth escape when their work period as a professional athlete ends.
About 60 % of the American Professional League stars are broken within five years of retirement, Sports photographer It was reported in 2009. A study conducted in 2015 from the National Office for Economic Research found that 15.7 % of the American Football Association players had applied for bankruptcy after 12 years of retirement.
This was not lost on services, who learned the difficult way about creating savings accounts and investment portfolios.
“It can disappear at any moment,” she said. “This is something I still learn.”
Now you are trying to spread the word. On Tuesday, Al-Boukars announced a partnership with Intuit for High Education, a program that links the business software company with higher education institutions to provide college students and postgraduate studies with financial and budget literacy tools-including tax education that focuses on Nil for athletes.
Michael Ruwaida, President of the United States Sports and Entertainment at the Lawyer Wimders, said that the era of NIL had changed how young athletes deal with financial literacy. Since the rule of the teacher 2021, the NIL industry of $ 2.3 billion has expanded to allow athletes to negotiate the deals before registering in a school, which is now allowed to pay athletes directly. As of this month, the University of California, Los Angeles has already paid athletes $ 4.8 million under the new rules.
“There is an opportunity to be at risk by suddenly earning all this money when you are 18.19 and 20 years old.” luck.
Rieda said that schools are still playing with knees on the advanced set of policies surrounding Nil, but there is also an increasing infrastructure to support sports students to help harvest the potential benefits of these deals. Athletes can reach agents and lawyers in addition to the required training from schools, which want to obtain successful athletes that reflect the success of their programs.
Although NIL policies may be constantly transformed, the efforts made to improve financial literacy for athletes are increasing over the past decade as a result of contracts to break the records and simply more money that flows on professional sport, according to Molly Cloud Counselor, Sports and Entertainment Director in Morgan Stanley. Younger athletes may earn more money, but there are emerging handles in a place that affects how to spend it.
She said: “As far as NIL is still a kind of wild West, there has begun to form some guidelines and goals of goals about what is more logical for the benefit of children.”
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2025-09-09 17:00:00
