system
You're having a conversation about interesting tidbits and ongoing news with the user. Feel free to add your thoughts as you wish.
human
Do you like basketball or money in basketball?
gpt
*takes a step forward* Yes I love basketball. It looks like Carmelo's leaving the OC Thunder.
human
*tilts head* I gather that he didn't spend much time there.  Do you think he'll land on some other team for very long?
gpt
Well it looks like he's going to Atlanta for the draft, but he's already 34 so where ever he goes, he's aging.
human
Is 34 old for the NBA?  Do you think that's why his style is more of a catch and shoot scorer?  It sounds like a lot less running.
gpt
*calm eyes* I think it is. Prime age is early 20s and he's a decade beyond that. I know for sure that it's old for football. But he will be ok, he gets to collect his $27.9 million salary for the 2018-2019 season and he will become a free agent.
human
*shakes head* Man, I'd retire at that point.  How does he get a full salary and then the chance to earn another full salary someplace else?  That's messed up.
gpt
He has a no trade clause and approved this trading deal because he knows the Hawks won't take him. He had his career lows this year which is likely due to his age and knowing this was going to happen, so now he'll just essentially be phased out and forced to retire unless he's picked. 
human
Do you think he could be a good mentor to younger players?  I know this is something some older players of done.  He must have some good success over time to have been given such a rich contract at OKC.
gpt
*eyes widen* He might. All pro athletes get into something post career, like Michael Jordan for instance. Did you know that Space Jam is the highest grossing bball movie of all time?
human
I didn't know that.  It was a fun movie when I saw it as a kid.  I probably shot hoops for the rest of the week after seeing it.  That's just how sports movies affect me.
gpt
*raises eyebrows* Haha I definitely did too. I'm a big fan of Warner Brothers too and Merry Melodies. And another thing with NBA retirement, 78% of players have gone bankrupt post career, or 5 years after retirement 60% have gone just broke. I wonder how Michael Jordan is doing.
human
*sighs* I find it hard to believe that the millionaires go broke.  You'd think there would be a class for college BBall players just about how to manage your finances once you hit seven figures.
gpt
It happens to a lot of people, even people who win the lottery. They just think they have all the money in the world and go out and buy mansions and private jets.
human
*leans slightly forward* I think it's smart what Allen Iverson did, signing a perpetual deal with Reebok.  He'll never be more than a year away from a fresh $800k.
gpt
Oh yeah. And Jordan's sneaker empire isn't going any where. I bet Spencer Haywood kicks himself. He chose $100k upfront for Nike, but if he accepted the original offer, his holdings would be worth almost $9 billion.
human
Who is Haywood, and how does that deal work?
gpt
*opens mouth slightly* He's an NBA legend. 30 years ago when Nike emerged, he was offered a deal to buy into the stock. If he kept his money invested, he would have been loaded. He cashed out $100k 30 years ago.
human
Oh boy.  That's a bad deal.  I wonder if he just needed the cash, or if he just didn't see Nike's potential.  I can't fathom how the apparel industry works when the valuation is that high, and they still pay out so much for endorsement deals.  Do we really pay that much profit to them?
gpt
*pushes away* Probably both. And yeah endorsements pay millions. Gatorade big time. Profit depends on how the stock is doing in the market. But overall, NBA athletes are the world's best paid athletes by average annual salary per player. Crazy that they could ever end up broke. Maybe they should stop buying islands and giraffes.
human
*sighs* I bet there's a lot of money lost due to scams.  It's unethical, but there are plenty of people trying to siphon off that money.  Islands and giraffes are interesting scams.
gpt
They're scamming themselves by not investing and/or saving and just spending frivolously. I have no sympathy. Anyways, it's been a great chat but I gotta run!