Frugal Lessons From Ballers: Season 4 Episode 2
Ballers is a HBO series show about a former football player turned financial manager (a character named Spencer, played by The Rock) that highlights the life of current and former players in regards to sports and finances and how they balance it all together. Ballers goes in depth on a number of topics involving the lifestyle of professional athletes from players transitioning post career to handling family and friends to dealing with negotiations.
The following highlights different key financial points from the show that athletes deal with or can learn from.
Keep Everyone On The Same Page
The episode opens up with Reggie, Vernon’s manager, checking in with Spencer, Vernon's financial advisor and pseudo mentor, to get updates on current affairs involving their investments. This was a great lesson for professional athletes to take note of. It's important not only to have a manager on top of their responsibilities and consistently check over things on your behalf but also have everyone involved in order to decrease communication confusion. Your manager should know your financial advisor your lawyer should know your manager your accountant should know your lawyer and so on and so forth. You have a team and in order to succeed the team needs to be on the same page.
Spencer's new client, Parker is a hot commodity in the surf world and Coca Cola wants to sponsor him for a new campaign. Parker is at odds with Coca Cola because of the way he feels they will portray him as just a black face for their own good. Ballers does a great job highlighting what athletes will go through when dealing with companies and brands looking to use their likeness. It's important to know what they expect from you while at the same time what you expect from them. There have been many times brands and athletes have seen their reputation falter because of their associations. Parker was able to use his leverage to make an influence in his own way. As a professional athlete it's important to understand that.
Spencer is helping advise a mutual friend on her son's college decision. He was quick to point out the new dynamic of college and high school athletes. It's a new day and age, athletes have the star power, talent, and charisma to excel at any college now, so the question is what school can help an athlete harvest not only the talent on the field but extra curricular activities off the field?