Smart Moves: UCLA Coach Teaches Players About Money

Mick Cronin, the coach of UCLA's basketball team, is doing more than just teaching his players how to play the game. He's also giving them lessons on how to handle their money. This isn't just about saving for a rainy day. It's about setting them up for life after basketball.

Financial Literacy on the Court

Cronin's players are learning about Roth IRA retirement accounts and other financial tools. This is important because they now earn money from their schools and from using their name, image, and likeness. Cronin wants them to be smart about their money.

Investment Advice

He tells them to stay away from investing in property. He thinks they should focus on savings accounts and funds that grow over time.

The Tricky Side of Money

But money can be tricky. Cronin knows that players might have family and friends asking for money. He says the more people involved in your money, the more likely it is that you'll lose some of it. He also knows that dealing with money can be hard, especially when you're young.

Lessons from the Pros

Cronin compares this to the challenges faced by young NBA players. He says money affects everyone differently. He quotes Nick Saban, another famous coach, who says getting comfortable is the worst thing that can happen to someone trying to achieve something.

Mental Health Matters

Cronin also talks about how money doesn't change how his players feel after a loss. He says he won't allow them to feel devastated. This shows that he cares about their mental health as well as their financial health.

Injury Update and Coaching News

Cronin also mentioned that Skyy Clark, a shooting guard, is "highly questionable" for the next game. He has been injured and missed the last five games. Additionally, the new football coach, Bob Chesney, will be introduced at the basketball team's home game against Indiana on Jan. 31.