SAN FRANCISCO, June 7, 2016 /PRNewswire/ -- The average first year salary for a rookie NBA player is just over $4.7 million, and by year four that number increases by 26.1 percent1. In an effort to help players understand the immediate complexities associated with this huge jump in salary and a more complex financial life, today Personal Capital, the leading online financial advisory firm, becomes a provider of digital financial tools for the National Basketball Players Association (NBPA). The NBPA, together with the NBA, offers financial education to players to prepare them for life after their professional basketball career, including educational in-person seminars on a range of financial topics. Now, with Personal Capital, players can also monitor their finances and learn best practices for managing their wealth, all through their mobile devices.
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