Skip to main content

Tracy McGrady is starting a program to help young athletes from getting broke after their career is over

T-Mac (1)

After his NBA career was over, Tracy McGrady got involved with various business and charity ventures. The most recent one is surrounding an instructional program that will keep young athletes from getting broke after their sports careers are over. That is a joint venture between McGrady and Grant Haas of the Haas Portman Familly Office who already have a significant portfolio, including Uber, ChefsFeed, and StatMuse.

McGrady became a partner with Haas Portman, and the program's most significant value will be connecting former athletes and finance and venture capital business. McGrady will serve as a bridge between the financial world and the opportunities that are out there and former players who want to make good use of their money.

"You can relate to my story because I've made a lot of money. I've created a brand.

Scroll to Continue

Recommended Articles

Even though there is a lot more emphasis on getting players educated and ready for their life after their careers as an athlete are over, a lot of them go bankrupt very fast. That is a problem that manifested itself across various sports, and the NBA is no exception. A lot of former NBA players bankrupt relatively soon after their careers were over, which triggers a lot of other problems as well. McGrady himself witnessed NBA players selling their championship rings because they ran out of money.

"There's some guys that have made hundreds of millions of dollars and have been broke five years after retirement looking for loans. I've had so many guys come to me and needed a loan or wanted to sell championship rings and s*** to me. "It's crazy the things that have come my way. And I've been a guy that's maintained and elevated my lifestyle, even being retired six or seven years. So that will be my story to these guys. I didn't have to change the way I'm living. I'm living the same way from when I was making $20, 30 million."

Amare Stoudemire questions Tyler Herro’s focus: He wants all this entertainment stuff, but where is the focus on basketball?

Amare Stoudemire questions Tyler Herro’s focus: "He wants all this entertainment stuff, but where is the focus on basketball?

Herro won the 6th Man of the Year but he's struggling in these playoffs. Amare Stoudemire questions where his focus is right now.

Marcus Smart’s importance to the Boston Celtics is becoming hard to overlook

Marcus Smart’s importance to the Boston Celtics is becoming hard to overlook

Smart has always been a solid defensive player, but his offensive strides have allowed him to become the player the Celtics need

Portland Trail Blazers guard Damian Lillard and Robert Horry

Robert Horry explains why Damian Lillard is the greatest clutch player in history

Putting Jordan in the fifth spot is enough to get Horry in trouble.

NBA commissioner David Stern and Chicago Bulls forward Dennis Rodman

When David Stern threatened to kick Dennis Rodman out of the league for having too many tattoos

Rodman's reaction tells you everything you need to know about The Worm.

Team Lebron forward Lebron James of the Los Angeles Lakers and guard Dwayne Wade

Dwyane Wade says that God gave LeBron James everything except a robust hairline

Dwyane Wade believes God was fair enough to take one thing away from LeBron James.