Tracy McGrady’s Wife Takes Charge: Urges Auditors for NBA Contract

Let’s take a little stroll down memory lane, shall we? We’re going back to 1997, when NBA superstar Tracy McGrady, aka T-Mac, was fresh out of North Carolina’s Mt. Zion Christian Academy and straight into the glitz and glam of the NBA, courtesy of the Toronto Raptors. Picture this: an 18-year-old kid who’s just inked a three-year rookie contract worth a cool $4.7 million, according to Spotrac. Whew, talk about an adrenaline rush, right?

But hold on a second, that wasn’t T-Mac’s first dance with the big dollars. Oh no, this basketball phenom caught the eye of the giants at Adidas just before the draft, who went on to sign him for a $12 million endorsement deal. Ca-ching! This was all reported by AFROTECH™.

Alright, so here’s a kid who’s just hitting legal adulthood and suddenly he’s swimming in millions. Born and raised in a hardworking household where his mom kept things tidy at Disney and his grandma did the same at his elementary school—both roles earning them less than $40k a year—getting thrown into this brand new world of financial abundance was somewhat akin to diving headfirst into the deep end.

Listen, T-Mac himself has been candid about his journey. He confessed, “I’m 18 years old. I don’t have a family that taught me financial literacy. I didn’t know anything about it.” So, if you ever find yourself in a similar situation (whether it’s handling a sudden windfall, a business deal, or even a hefty loan), don’t be shy about seeking help to navigate those unfamiliar financial waters.