11 days ago

Ivica Zubac’s First NBA Paycheck Gave Him a Shock After California Taxes

Zubac said he asked for a $250,000 advance from his first NBA paycheck, then saw only $105,000 hit his account. “I called him, ‘Where is my money?’ He says, ‘Welcome to California.’” On his three-year, $3.8M rookie deal, he earned $1,034,956 as a rookie, learning taxes fast. The huge cut had him surprised.