By FirstSportz,Joseph Varghese
Copyright yardbarker
Cooper Flagg comes from a basketball family, where his parents, mother Kelly, and father Ralph, played in college, and his two brothers are also trying to get into the NBA.
The Dallas Mavericks’ rookie is the first to earn a professional contract after he signed a 4-year, $62.7 million deal after the franchise selected him No. 1 overall at this year’s draft.
That happens to be the richest rookie contract to date, and dwarfs those from other leagues, which pay a lot less than what one can earn in the NBA. Flagg can go on to earn more, with some believing he could end up earning $1 billion in paychecks from basketball alone.
Every player’s target is to earn the second contract, as that would cement their financial status as they would earn generational income. Many players have failed to garner that second major contract despite coming in with a lot of hype.
Maybe Flagg’s mother has read a lot about NBA athletes going broke. That is why she doubled down on a limit to what her son should spend on luxury goods.
The mother-son duo appeared on an interview with Chime, where they asked the rookie how he looks at financial progress in his life, now that he has a massive rookie contract on his desk.
I’m not a big spender. Obviously, I’m excited to get my own vehicle.
Cooper Flagg replied
Hearing this, Kelly Flagg interjected:
Do not buy a Bugatti right away,
Kelly Flagg said
The 18-year-old then went on to say that he understands the responsibility to be careful with money, but reiterated that he does not like to spend much on cars.
Cooper Flagg’s mother sets the limit for luxury spending
After this segment, the hosts of Chime handed out whiteboards to both Cooper Flagg and his mother, and asked what would be the most the Dallas Mavericks’ star should spend on a car.
While the former Duke star wrote down $200,000, his mother, Kelly, wrote $180,000 as the most her son should spend on his first car. She does not want him to spend a lot of money on things that erode in value.
However, Kelly Flagg was supportive when her son mentioned that he wanted to have a golf simulator at his new home in Dallas, Texas. She believes he loves playing golf, and it would be a good way to unwind after a basketball game.
She had similar opinions about his desire to have a gaming setup at home, as she knows he likes to have his friends over and spend time with them. However, she did not feel it was worth it to buy a designer wallet.
