Carmelo Anthony explains why a $100,000,000 contract doesn’t make professional athletes rich for life “$100 million… let’s not get that twisted.” “It’s not really $100 million.” “You’re taking 50% to 60% off the top.” “So that $10 million becomes $5 million.” “Then you’ve got taxes in every state you play in.” “You’ve got a house.” “You’re taking care of your mom.” “You’ve got a 4% agent fee.” “You’re not working with $10 million anymore, you’re working with $5 million.” “That drastic lifestyle change is what messes a lot of athletes up mentally.” “You’ve got to budget how you pay your mortgage.” “You’ve got to budget your food.” “$100 million is not $100 million.” “You’re not even seeing 50% of that money.”