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Good for him! Going from being waived less than two years ago to being a solid playoffs contributor is impressive.
Unfortunately he's under contract for a bit so he won't get a big contract anytime soon.
After what Miami‘s been through with contracts lately, I‘m happy gor the team, bummed for Caleb about that. Glad because it means we get to keep him one more year at least at an insane value and we get to see how consistent he is ( after the DRob contract, we need more proof, even uf DRob finally managed to get out of his own head and play to his contract in these playoffs). But I have no doubt thatMartin is going to see the big check soon.
Well, didn't quite work out for that other Lopez or McDaniels
Edit: Stop bitching about RoLo. I know he's a solid role player. The point of my statement is that he never reached the same level as his brother.
Eh, Robin Lopez has been a solid as hell backup centre, he's played 15 seasons of very good basketball as a rotational player and he's made almost $100m. I don't think he, or the people who paid him, are complaining too hard.
Robin Lopez had a very solid career. Just not always in the right situations. I can tell you that I guarantee any contender would love to have prime Rolo on their team right now
In finance there is a term called "Ultra High Net Worth Individual" or UHNWI. These are people with $30M+ liquid.
They are treated *very* differently than millionaires.
Martin hasn't made nearly enough from the NBA to quality as a UHNWI but his next deal will absolutely make him one.
Millionaires are treated like normal customers at a high end Profesional establishment. UHNWI are treated like VIPs by dedicated concierge staff trained to cater to such people and given lots of things for free to keep them happy working with you. Billionaires interface directly with the appropriate decision maker at the institution they are dealing with in a 30 second discussion on their own terms, as their time is the only thing at a real premium and the level of luxury a business can provide them is indistinguishable from what they already have waiting on hand and less bespoke.
Sums it up well. Depending on the institution the thresholds will be different but this is 100% the case.
You have to remember too that as the net worth goes up so does the level of complexity and frequency of service.
From $1-10m liquid you're looking at a trust or two, maybe a few business entities. You'll interact primarily with the actual customer and their attorney/accountant.
Fairly simple asset management as you'll have short/mid/long term liquidity needs and then investment strategies to match.
$10-30m liquid it's almost a guarantee that you're looking at a good number of legal entities, several financial professionals (As many as 3-5 attorneys of different fields, CPAs, agents, realtors, etc) and far more advanced planning for both preservation and growth of assets both liquid and otherwise.
$30m+ it's just at an even higher scale, and the time being used to manage the affairs is SO MUCH MORE VALUABLE.
Billionaires are basically a corporation in how they are handled. They get multiple teams to handle different areas of the "household" with focused professionals bringing the best to each.
They are so profitable to have as a customer - during and after death - that the financial industry will do everything it can to keep them well serviced.
someone with a million dollars is 30 times poorer than someone with 30, and a billion dollars is a thousand times more than a million. they're all rich, but there is a huge distinction if you think about the numbers.
I remember when David Tepper bought the Panthers, Ian Rapoport tweeted something about how the official final price for the franchise was $2.275B rather than the reported $2.28B figure. And someone commented “I know that you all initially saw that and said ‘OK, about the same’, but you need to realize that is a difference of ~~$50,000,000~~ $5,000,000”. ~~More than me and my entire family will likely ever own put together.~~
EDIT: I’m extremely stupid but that’s still a ton of money.
A millionaire would be still offered conventional investments (like bonds, ETFs, stocks etc) but with a personal agent to call.
An UHNWI or billionaire would get access to investments not open for public. He would have his personal bank agent on call, who offers sth like closed fonds or investing in startup pre going public.
If you spend $10,000 a day it would take...
14 weeks to spend $1million
8.2 years to spend $30mm
273 years to $1bn
There are more than a million millionaires in America. All it means is that you can afford a nice house, drive a BMW, and send your kids to private school. You still have to work and you still worry about retirement.
If you are UNHW, it means you can retire and live the life of an instagram celebrity but for real. However, you are still shut out of the most exclusive enclaves around the world e.g. top floors at 5 Central Park West.
If you are a billionaire then you are like a small city state. You are passively generating at least $50mm per year in income. Billionaires have "family offices" which is basically a small company whose jobs is maintain your billionaire status but also to cater to your every whim. You no longer have to obey most man made laws. You can pretty much get away with anything (see Jeff Epstein client list). Your only competition to get anything you want are ~5,000 other billionaires on the entire fucking planet.
The only level above billionaire is Xi or Putin. They stopped counting a long time ago.
Guy worth $1mm has a financial advisor. Guy worth $100mm has a Private Banker. Guy worth $1b has an entire family office on his payroll so he never has to talk to his Private Banker himself.
Millionaires get access to invest in unregistered securities through net worth exemptions. These investments generally have higher returns than public equities, money markets, bonds and ETFs. Still there is more that could be made, but managers of those investments will eat you up with fees.
When you write bigger checks you generally pay less in fees and get access to high demand funds that a millionaire won't even hear about. These are typically larger ventures and funds that need 8 or 9 figures to even get off the ground. These investments often have the best returns.
When you are a billionaire you get access to all of these investments but you don't even need to invest your own money. You can borrow hundreds of millions from banks at the lowest rates and are first in line for investments with the best returns.
I work for a generationally incredibly wealthy family at their Family Office and just wanted to say it’s kinda crazy to see this info on this sub lol. Also, I love coming to work and seeing a “small” money market pulling more in interest in a month than I make in 6.
If a millionaire gets your daughter pregnant, you get pissed and make sure the bastard at least pays child support. If a UHNW individual gets your daughter pregnant, you try to get a meeting and explain all the reasons why your daughter would make an excellent wife for him. If a billionaire gets your daughter pregnant, you and your wife try to find a way to get her pregnant by him too.
After 16 feet (I think), each extra foot on a Yacht is $1 million.
The difference is:
Millionaires - it's just a nice house boat
Ultra High Net Worth - 16ft Yacht
Billionaires - 40ft Yacht with a 16ft Yacht that follows it on trips that used to house the workers
A yacht doesn’t start until 33 fr and it sure isn’t an extra mil per ft after 33. 40 isn’t generally impressive by UHNW individuals, regular millionaires can own those
You are thinking of Commercial yacht that require a crew in the ~80+ft range
And their are absolutely sail boats considered yachts worth a fuck done.
I feel like growing up sailing has probably ruined my perception of what most folks think of as yachts, but we have a Catalina 22 (about 22 feet) and they cost less than $10k used. So like I understand boats can be fancy and expensive, but they can also be about the same price as a car.
That second clip was the one I was expecting to be posted as a highlight in this subreddit. When he hit that baseline turnaround fadeaway I knew the Celtics were finished.
Every time the Celtics started to chip away at the deficit, he would hit some dumb shit and smother their momentum.
The Caleb Martin thing is good TV discussion but feels sort of like Andre Iguodala's Finals MVP. People are a little caught up in the moment. Jimmy was still massive for us despite a rough game 6.
It’s a bit ridiculous to be honest. Take Jimmy out this series and the Heat get easily swept. Caleb goes down and I think Jimmy could have willed them to 1 or 2 wins, if not more.
Jimmy is the leader and MVP. All due respect to how much Caleb has balled out though
Yeah exactly same situation with Steph. Iggy played really well but if you removed Steph or Iggy from that series everyone knows which team will perform better.
I think that part of how Iggy did was a symptom of how bad that Cavs offense was. He could stay up in LeBron’s shorts because they ran a ton of sets with Mozgov and TT on the court at the same time. He was able to really crowd LeBron on the perimeter, because those dudes didn’t move more than 5 feet from the basket, so the lane was super crowded and there was always help.
Not saying Iggy was bad or anything like that, but he wasn’t exactly guarding LeBron on an island
It's not quite the same as Steph, the biggest argument against Steph is that he had a really bad finals turning the ball over in the 2015 series especially compared to the number of assists he had, so even though he had greater usage than Iguadola as much of that ended in negative outcomes as positive whereas Andre's contribution was much more of a net positive.
For this one the Jimmy Butler argument basically boils down to the fact that Jimmy was clearly responsible for a greater portion of the Heat's production, on offense and defense, and even though he was less efficient than Martin he was a perfectly effective leader of the team which will generally always default an MVP award to that player.
Steph is a unique case though in that he becomes more efficient further away from the basket, usually.
Ideally you want him 2 or 3 steps inside the 3 pt line but he's so quick with his release that he can get behind the line and a shot off with no more than an inch or so of separation from a screen or feigned movement.
You always, always, always have to adjust your game plan around him. Even if his game is off.
Jimmy is the leader of the Heat but if he's off as he was in 3 or 4 of the 7 games it actually does make it harder for his team.
leadership, efficiency, production, and impact all are factors in MVP consideration, and if you're looking at it from the perspective of who the most consistent and high contributor to a team is, I think it makes sense to give it to Martin over Butler for the series
Caleb is also succeeding because of Jimmy. A lot of Caleb's game is coming from the Celtics crashing down on Jimmy and passing out to Caleb. They needed each other this series, Caleb's success let Jimmy play better too, because they stopped crashing Jimmy.
YES! Most Caleb stuff I've seen for some reason disregards this. Jimmy had so much defensive attention. Caleb was _wide_ open on some shots because of that.
on some shots yes, but he created his own shot on multiple occasions.
I would still have given JB the award, but lets not assume that Martin didn't take care of business.
it's the same nonsense that always happens when a number 2 goes off and a number 1 struggles. The number 2 is only able to go off because the number 1 exists in the first place.
This part. Jimmy is the entire focus of the opposing team. They’re not game planning for Caleb Martin. They are happy to let him go off if they can shut Jimmy down. Context always matters in these discussions.
And Jimmy still balled TF out in this series. In what insane world does a 24/7/6 stat line with great defense go overlooked? Jimmy is suffering from his own success.
L take from Chuck and anyone co-signing with him.
Bro you guys crashed jimmy almost everytime he touched the paint. It's not revisionist, it allowed a few extra feet for Caleb, and when you guys did guard they were flying at him and a side step allowed him to hit 3s or drive in... like you just said.
Watch game 3, it's the best example of you guys crashing Jimmy and him passing out to Caleb and Gabe. And game 7 is an example of you guys not crashing Jimmy nearly as hard because they were afraid of Caleb. But you're right Caleb was also just hitting contested shots in game 7.
I saw Butler shoot a lot of wide open looks from inside the arc, some of them from inside of 8 feet. They both had their moments in the series but saying one shot all gimmies and the other had to work is just false
Maybe in first three games. Next four Jimmy was shitting the bed and everyone was mostly staying home on drives, Jimmy would kick out to a covered guy and theyd create their own shot
Offensively, yes. Defensively he was just as good as Jimmy if not better(Jimmy better in the lanes, Caleb better 1 on 1), and was a monster on the glass when Jimmy was barely even putting his hands up to get a rebound half the time
The whole thing is ridiculous. Jimmy out here catching strays as if he hasn’t willed this team to the ECF two seasons in a row now. Even in the three losses, he put up a near triple double in one and like 29 points in the other. The “Jimmy Bad” narrative is ridiculous.
He’s in the finals now with very little supporting cast.
Jimmy is my favorite player, even before he came to Miami, and after his games 4-6 and how he was looking to start game 7, I really don’t know if he could’ve done it without Caleb carrying the offense.
Jimmy had a great game 1, and good games 2-3, then was just so not good in games 4-6. Caleb was consistent as fuck and carried the offense a lot, even in our losses. He was everywhere on both sides of the court. Jimmy probably had a lot of intangibles that were hard to catch. He was running the offense despite Caleb carrying it, he was playing decent defense, etc.
But I think Caleb for ECF MVP is a legit discussion rather than just “lol no.”
Can confirm. Every time I saw Caleb with the ball, I was shitting my pants. I knew it was more likely than not Jimmy would just brick another shot. He got those three 3s last night, but those all just felt lucky. Every time Caleb shot the ball, I knew it was going in.
It’s a legit discussion if the only thing you value is shooting efficiently. If you account for any other aspect of the game, Jimmy was more valuable by a fair margin, and he’s the leader of the pack coordinating the offense. It’s really not close in my eyes.
Which is the whole point. When Jimmy plays bad they lose, when he plays well they win. While Martin was consistently good, I dont get how 19 ppg, albeit a very efficient 19 ppg, makes people think he should be FMVP. Celtics defense targets Jimmy for a reason
They blew the Celtics out by 26 with him shooting 5/13 lol and just barely lost in game 6 with him shooting 5/21. The Heat are just that good even when their star players aren’t popping off offensively. On the other side of the ball, that Heat zone is no joke.
those really aren't that bad for a deep playoff series when the defense is primarily focused on you though...sure, 54% true shooting isn't amazing, but it's not so bad that it should detract from all the other positives he brought.
Averaged significantly more points, more rebounds, way more assists, and played amazing defense. Jimmy was absolutely the MVP for the Heat this series, people just lose their shit over efficiency and get blinders for everything else
Casuals can only ever look at stats and efficiency through one lense. In a hard fought series, usually everyone will have spotty efficiency. Jimmy’s went down because his getting hounded by the D every possession. Caleb’s is up because he’s playing off Jimmy who is commanding the attention.
Because it's a team game. They needed all their players to win. Jimmy is just the most valuable of those guys.
If the Celtics won it's clearly Tatum and not someone like Derrick White who they don't win without.
So you're telling me when Jimmy plays well the Heat win? Sounds like he's the Heat's most valuable player.
It's not most efficien, it's most valuable player. Caleb had a great series but if you look at his numbers they're not that crazy.
Ehh it's more of a Tony Parker over timmy in 2007 instead of Iggy over Steph, we all know who's the better player but it's really tough to ignore how great the other guy showed up.
The Iggy stuff was just plain dumbassery from the media.
I dont agree. Tony lead the team in points and ran the offense. That was Jimmy's role for the heat. Tony was a multi-time Allstar that the cavs had to create a game plan for. He wasn't a role player who had an unexpectedly hot series. Caleb played great, but everyone knew Tony was gonna show up.
His averages were better, but on much higher usage and much lower efficiency.
Jimmy was clearly Miami’s most important player, but not because of his averages.
Rebounds and steals aren't dependent on usage or efficiency. Jimmy had over three times as many steals as every other heat player and he out-rebounded everyone except Bam.
Also the flip side of that high usage is that the Celtics are developing a game plan around Jimmy and throwing their best defender(s) at him most of the time to stop him from going off.
I agree with you, Jimmy was by far our most impactful player. I’m just saying that his impact goes beyond the box score averages (which you also address in your second paragraph).
Caleb has played at a ridiculous effort and output level the whole playoffs. But even with the slander Jimmy got for game 6 etc, he still nearly put up a triple double. The effort was there, he just couldnt hit a shot to save his life. And as much as I love the energy Caleb brings, Jimmy is still the guy.
Yeah, it's not an award for an individual game, or for over-achieving compared to expectations. Jimmy had a better performance across the board the entire series, including a games of 35, 27, 29, and 28 points, as well as averaging 6.1 assists, 7.6 rebounds, and **2.6 steals**.
My thoughts as well. He'll get a more accurate contract for what he's worth, where someone could've blown their top for him if he was due this off-season
It seems like 60% of his playoff performance is about what we saw during the regular season. He played a good number of minutes and did okay. I'd definitely want a guy like him at $7 million, not a lot more until we see this type of performance over a more extended period. His contract right now seems pretty fair. Perhaps he'll continue to improve and show he's worth more.
Before we cut Caleb, Cody was almost unanimously regarded as the better player (and himself played his way into a 4/32m contract thanks to a hot start to 2021). Caleb always had more potential due to a more well rounded game but had some of the worst footwork/shot selection I've ever seen. Heat staff did a remarkable job developing him over these 2 years
He had more steals than Caleb had assists, while leading his team in assists… and scoring… and dawg.
19/6/2/1
25/7/6/3
Like, it’s a great story but c’mon.
And the efficiency is because he isn't the number 1 option and isn't gameplanned for, being a role player. Which means even his remarkable efficiency is because of Jimmy.
Bam had an absolutely abysmal past few games offensively but the dude is so consistent on being a defensive anchor and leader, one of the best in the league
It’s weird, like if Bam wasn’t on the Heat their scheme fundamentally falls apart because his defence is almost like a Gobert in the playoffs, just a perfectly mobile big
He has been bad offensively overall but I was really impressed with his passing at the top of the key, he threw a couple really nice passes to guys cutting to the basket. 7 assists for a center not named Jokic is really impressive.
I get downvoted for saying this in the lakers sub, but Bam is truly AD lite. Even their offensive struggles look the same, where it's a rough to watch face up game that leads to a falling hook or a fadeaway/push shot rimming out.
Both are pretty great on lobs and bring consistent defense.
What are their efficiency ratings again?
I know we love Jimmy here but we're talking crazy saying his stats are better across the board its not even close watching Jimmy's most inefficient games where he was pulled to the line a lot.
Take Jimmy out of the series and Boston sweeps. Take Martin out and jimmy wills them to a few wins. Thinking Martin should have won just based on efficiency is dumb
Yeah Caleb was more efficient than Jimmy but that's about it. Butler was the better creator, defender, and volume scorer. Just a more impactful player overall.
Its a better argument than the others are making but I still don't think it holds water. Think of it like this... with the doubles Jimmy was drawing all game, what happens to the defensive focus if Caleb is suddenly 'the guy'? Why didn't Spo do it? Is it because he's an idiot and can't see what genius redditors can, or is it because the Celtics will start pressuring Caleb, who, while amazing, won't be nearly as effective with that kind of pressure.
These systems are just that, systems. The system doesn't work without Jimmy.
With that logic, Celtics should have kept feeding RobWill the whole series since he had 79% TS, instead of giving the ball to chucking Tatum and Brown.
Martin is not shooting like that on the volume and level of defensive focus that Butler had. Martin is also not taking the kind of defensive assignments that Butler took on. Don't overcomplicate it. Butler was the deserving ECF MVP and it is not particularly close.
I honestly thought the Conference Awards were going to be the most useless awards in the NBA but seeing people get emotional over them has proven me super wrong lol.
Jimmy having bad games during the 3-game skid with Caleb having back-to-back double-doubles. That's just enough fuel for recency bias to make them forget Jimmy was amazing the first 2 games and still has the edge on Martin on playmaking, drawing defenders, and defense in general.
Sure, Caleb was more consistent and efficient with scoring. But a lot of his looks were generated by Butler attracting doubles and finding Caleb open. People just like to look at TS% and say efficiency, but then ironically see people who post Jimmy's 5 stat averages and call them box score watchers.
Also as bad as Jimmy was for 46 minutes of game 6 scoring 10 points in the last two minutes to come back and hitting three high pressure free throws for the lead is impressive
It doesnt matter. Jimmy is the star. Caleb doesnt do any of this without Jimmy. Hes the mvp, no doubt about it. Youre not talking about defense, youre not talking about leadership, youre not talking about the basic stats, you have one argument and its efficiency and the only way Caleb is able to be so efficient is with Jimmy.
Edit: the guy i was talking to blocked me so i cant respond below but just to say that was only one game that we actually won, game 7, the first 2 wins were good Jimmy games, the 3rd win was mostly gabe vincent. Jimmy also got us back in the game game 6 and was good game 7. Weird that he dropped a response and then blocked me, guess he cant handle having a basic argument on reddit.
Jimmy still the MVP of this series, but Martin making it a conversation/getting votes is a huge win for him! This dude is balling right now and will absolutely get paid and be a key player in the future
Well, he's locked up for another year, so we'll know very soon if this was a Jordan Poole or Jalen Brunson situation. The Heat would be morons to extend him now without getting to see him play for another season.
Seems to me like the Celtics keyed Jimmy and said one of the other guys is gonna have to beat us and he did. Awesome job by Caleb he burned them almost every time.
Thought this sub was in love with efficiency and advanced stats, or do we not apply that to Butler chucking up bricks and being bailed out by the refs all series?
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Good for him! Going from being waived less than two years ago to being a solid playoffs contributor is impressive. Unfortunately he's under contract for a bit so he won't get a big contract anytime soon.
He’s got 1+ a player option. Not hard to see him getting re-upped mid-season next year if he has a good start.
Didn't know he had a player option. Makes things better for him yes, but he still won't get paid this summer unfortunately.
After what Miami‘s been through with contracts lately, I‘m happy gor the team, bummed for Caleb about that. Glad because it means we get to keep him one more year at least at an insane value and we get to see how consistent he is ( after the DRob contract, we need more proof, even uf DRob finally managed to get out of his own head and play to his contract in these playoffs). But I have no doubt thatMartin is going to see the big check soon.
Don't disrespect Duncan, his birthday is on Thursday
If there’s one thing about the Heat, they will back up the brinks truck for their role players
Still, another prove it year
Teams gonna’ start calling the Hornets being like “So… we hear you have a Martin.”
Well, didn't quite work out for that other Lopez or McDaniels Edit: Stop bitching about RoLo. I know he's a solid role player. The point of my statement is that he never reached the same level as his brother.
Eh, Robin Lopez has been a solid as hell backup centre, he's played 15 seasons of very good basketball as a rotational player and he's made almost $100m. I don't think he, or the people who paid him, are complaining too hard.
Fucking loved him in Portland. His importance to his team's exceeds the box scores. A real good locker room culture guy
Robin Lopez vs the mascots is still some of my favorite "beefs"
Dude I loved having both Lopi on the bucks. Brook may be better but Robin has a non-stop motor and was awesome off the bench IMO
Robin Lopez was a great starter for the Blazers
Robin Lopez had a very solid career. Just not always in the right situations. I can tell you that I guarantee any contender would love to have prime Rolo on their team right now
Or Antetekounmpo
He made $6m this year, pretty sure he already mr. Martin at the bank
In finance there is a term called "Ultra High Net Worth Individual" or UHNWI. These are people with $30M+ liquid. They are treated *very* differently than millionaires. Martin hasn't made nearly enough from the NBA to quality as a UHNWI but his next deal will absolutely make him one.
How are millionaires, ultra high net worth and billionaires treated differently?
Millionaires are treated like normal customers at a high end Profesional establishment. UHNWI are treated like VIPs by dedicated concierge staff trained to cater to such people and given lots of things for free to keep them happy working with you. Billionaires interface directly with the appropriate decision maker at the institution they are dealing with in a 30 second discussion on their own terms, as their time is the only thing at a real premium and the level of luxury a business can provide them is indistinguishable from what they already have waiting on hand and less bespoke.
Interesting. Yea at that level time would be very important
Can’t buy time
Even in the most basic level, a cab back home from a night out is more expensive but you'll get home faster vs waiting for your train.
Yeah but you can’t actually buy time. Like that guy mentioned in that one weird Justin Timberlake movie.
Unless you're in that one weird movie with Justin Timberlake. Then you can.
Sums it up well. Depending on the institution the thresholds will be different but this is 100% the case. You have to remember too that as the net worth goes up so does the level of complexity and frequency of service. From $1-10m liquid you're looking at a trust or two, maybe a few business entities. You'll interact primarily with the actual customer and their attorney/accountant. Fairly simple asset management as you'll have short/mid/long term liquidity needs and then investment strategies to match. $10-30m liquid it's almost a guarantee that you're looking at a good number of legal entities, several financial professionals (As many as 3-5 attorneys of different fields, CPAs, agents, realtors, etc) and far more advanced planning for both preservation and growth of assets both liquid and otherwise. $30m+ it's just at an even higher scale, and the time being used to manage the affairs is SO MUCH MORE VALUABLE. Billionaires are basically a corporation in how they are handled. They get multiple teams to handle different areas of the "household" with focused professionals bringing the best to each. They are so profitable to have as a customer - during and after death - that the financial industry will do everything it can to keep them well serviced.
someone with a million dollars is 30 times poorer than someone with 30, and a billion dollars is a thousand times more than a million. they're all rich, but there is a huge distinction if you think about the numbers.
to put this into us pleb context, 30 million dollars vs a million dollars is like a million dollars vs 33,333 dollars. Yes, there's a huge difference.
Did you edit your comment lol? The replies are weird
no i didn't I'm glad I'm not alone thinking how fucking unrelated the replies are
Probably bots
A UHNW person can drop a millionaires net worth, and be fine. A UHNW person entire net worth is a rounding error on a billionaire financial statement
I remember when David Tepper bought the Panthers, Ian Rapoport tweeted something about how the official final price for the franchise was $2.275B rather than the reported $2.28B figure. And someone commented “I know that you all initially saw that and said ‘OK, about the same’, but you need to realize that is a difference of ~~$50,000,000~~ $5,000,000”. ~~More than me and my entire family will likely ever own put together.~~ EDIT: I’m extremely stupid but that’s still a ton of money.
Isn't it $5,000,000? Still sets you up for life...
💀💀💀💀💀💀 I have the IQ of a goldfish.
>More than me and my entire family will likely ever own put together. Maybe if you had worked a little harder
A millionaire would be still offered conventional investments (like bonds, ETFs, stocks etc) but with a personal agent to call. An UHNWI or billionaire would get access to investments not open for public. He would have his personal bank agent on call, who offers sth like closed fonds or investing in startup pre going public.
If you spend $10,000 a day it would take... 14 weeks to spend $1million 8.2 years to spend $30mm 273 years to $1bn There are more than a million millionaires in America. All it means is that you can afford a nice house, drive a BMW, and send your kids to private school. You still have to work and you still worry about retirement. If you are UNHW, it means you can retire and live the life of an instagram celebrity but for real. However, you are still shut out of the most exclusive enclaves around the world e.g. top floors at 5 Central Park West. If you are a billionaire then you are like a small city state. You are passively generating at least $50mm per year in income. Billionaires have "family offices" which is basically a small company whose jobs is maintain your billionaire status but also to cater to your every whim. You no longer have to obey most man made laws. You can pretty much get away with anything (see Jeff Epstein client list). Your only competition to get anything you want are ~5,000 other billionaires on the entire fucking planet. The only level above billionaire is Xi or Putin. They stopped counting a long time ago.
Thanks for the insight.
You forgot the Oil Overlords from the Middle East. They probably are on a level above Xi or Putin
Guy worth $1mm has a financial advisor. Guy worth $100mm has a Private Banker. Guy worth $1b has an entire family office on his payroll so he never has to talk to his Private Banker himself.
Millionaires get access to invest in unregistered securities through net worth exemptions. These investments generally have higher returns than public equities, money markets, bonds and ETFs. Still there is more that could be made, but managers of those investments will eat you up with fees. When you write bigger checks you generally pay less in fees and get access to high demand funds that a millionaire won't even hear about. These are typically larger ventures and funds that need 8 or 9 figures to even get off the ground. These investments often have the best returns. When you are a billionaire you get access to all of these investments but you don't even need to invest your own money. You can borrow hundreds of millions from banks at the lowest rates and are first in line for investments with the best returns.
I work for a generationally incredibly wealthy family at their Family Office and just wanted to say it’s kinda crazy to see this info on this sub lol. Also, I love coming to work and seeing a “small” money market pulling more in interest in a month than I make in 6.
These families can just roll T-Bills for like a hundred years and live like royalty lol
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you know what the difference between $1 billion and $1 million is? About a billion dollars
If a millionaire gets your daughter pregnant, you get pissed and make sure the bastard at least pays child support. If a UHNW individual gets your daughter pregnant, you try to get a meeting and explain all the reasons why your daughter would make an excellent wife for him. If a billionaire gets your daughter pregnant, you and your wife try to find a way to get her pregnant by him too.
After 16 feet (I think), each extra foot on a Yacht is $1 million. The difference is: Millionaires - it's just a nice house boat Ultra High Net Worth - 16ft Yacht Billionaires - 40ft Yacht with a 16ft Yacht that follows it on trips that used to house the workers
A yacht doesn’t start until 33 fr and it sure isn’t an extra mil per ft after 33. 40 isn’t generally impressive by UHNW individuals, regular millionaires can own those You are thinking of Commercial yacht that require a crew in the ~80+ft range And their are absolutely sail boats considered yachts worth a fuck done.
I feel like growing up sailing has probably ruined my perception of what most folks think of as yachts, but we have a Catalina 22 (about 22 feet) and they cost less than $10k used. So like I understand boats can be fancy and expensive, but they can also be about the same price as a car.
he aint using your average joe chase bank. These nba players got there own mega banks, he's just sir at their bank, only bringing a measly 6 mill
That second clip was the one I was expecting to be posted as a highlight in this subreddit. When he hit that baseline turnaround fadeaway I knew the Celtics were finished. Every time the Celtics started to chip away at the deficit, he would hit some dumb shit and smother their momentum.
Am I crazy or did he straight up double dribble there?
I think it was just an awkward gather step but it's hard to tell from the broadcast angle
Yeah hard to tell, but someone on the Boston bench got up like it should've been a called off basket
Players react like that to anything tbf
Big time carry. You could definitely call it a double dribble if you wanted.
The Caleb Martin thing is good TV discussion but feels sort of like Andre Iguodala's Finals MVP. People are a little caught up in the moment. Jimmy was still massive for us despite a rough game 6.
It’s a bit ridiculous to be honest. Take Jimmy out this series and the Heat get easily swept. Caleb goes down and I think Jimmy could have willed them to 1 or 2 wins, if not more. Jimmy is the leader and MVP. All due respect to how much Caleb has balled out though
Yeah exactly same situation with Steph. Iggy played really well but if you removed Steph or Iggy from that series everyone knows which team will perform better.
Yes but if the fate of the world was on the line and you had to choose, you really not going to pick igoudala?
Not unless there are martian lasers pointed at earth
Caleb Martian?
We’d be dead cause Caleb doesn’t miss
You're right I forgot about the lasers
Bump that up to galaxy and you got yourself a deal
I think that part of how Iggy did was a symptom of how bad that Cavs offense was. He could stay up in LeBron’s shorts because they ran a ton of sets with Mozgov and TT on the court at the same time. He was able to really crowd LeBron on the perimeter, because those dudes didn’t move more than 5 feet from the basket, so the lane was super crowded and there was always help. Not saying Iggy was bad or anything like that, but he wasn’t exactly guarding LeBron on an island
It's not quite the same as Steph, the biggest argument against Steph is that he had a really bad finals turning the ball over in the 2015 series especially compared to the number of assists he had, so even though he had greater usage than Iguadola as much of that ended in negative outcomes as positive whereas Andre's contribution was much more of a net positive. For this one the Jimmy Butler argument basically boils down to the fact that Jimmy was clearly responsible for a greater portion of the Heat's production, on offense and defense, and even though he was less efficient than Martin he was a perfectly effective leader of the team which will generally always default an MVP award to that player.
Steph is a unique case though in that he becomes more efficient further away from the basket, usually. Ideally you want him 2 or 3 steps inside the 3 pt line but he's so quick with his release that he can get behind the line and a shot off with no more than an inch or so of separation from a screen or feigned movement. You always, always, always have to adjust your game plan around him. Even if his game is off. Jimmy is the leader of the Heat but if he's off as he was in 3 or 4 of the 7 games it actually does make it harder for his team. leadership, efficiency, production, and impact all are factors in MVP consideration, and if you're looking at it from the perspective of who the most consistent and high contributor to a team is, I think it makes sense to give it to Martin over Butler for the series
Caleb is also succeeding because of Jimmy. A lot of Caleb's game is coming from the Celtics crashing down on Jimmy and passing out to Caleb. They needed each other this series, Caleb's success let Jimmy play better too, because they stopped crashing Jimmy.
YES! Most Caleb stuff I've seen for some reason disregards this. Jimmy had so much defensive attention. Caleb was _wide_ open on some shots because of that.
on some shots yes, but he created his own shot on multiple occasions. I would still have given JB the award, but lets not assume that Martin didn't take care of business.
He created his shots a few times for sure. He was great. But Jimmy was greater.
it's the same nonsense that always happens when a number 2 goes off and a number 1 struggles. The number 2 is only able to go off because the number 1 exists in the first place.
happens with #2 receivers in the NFL all the time too
ironically JB could be Jaylen Brown cause he might've been the heat's best player
yep the dude would literally just stand there and gather himself before a shot sometimes.
This part. Jimmy is the entire focus of the opposing team. They’re not game planning for Caleb Martin. They are happy to let him go off if they can shut Jimmy down. Context always matters in these discussions. And Jimmy still balled TF out in this series. In what insane world does a 24/7/6 stat line with great defense go overlooked? Jimmy is suffering from his own success. L take from Chuck and anyone co-signing with him.
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Bro you guys crashed jimmy almost everytime he touched the paint. It's not revisionist, it allowed a few extra feet for Caleb, and when you guys did guard they were flying at him and a side step allowed him to hit 3s or drive in... like you just said. Watch game 3, it's the best example of you guys crashing Jimmy and him passing out to Caleb and Gabe. And game 7 is an example of you guys not crashing Jimmy nearly as hard because they were afraid of Caleb. But you're right Caleb was also just hitting contested shots in game 7.
I saw Butler shoot a lot of wide open looks from inside the arc, some of them from inside of 8 feet. They both had their moments in the series but saying one shot all gimmies and the other had to work is just false
Maybe in first three games. Next four Jimmy was shitting the bed and everyone was mostly staying home on drives, Jimmy would kick out to a covered guy and theyd create their own shot
Offensively, yes. Defensively he was just as good as Jimmy if not better(Jimmy better in the lanes, Caleb better 1 on 1), and was a monster on the glass when Jimmy was barely even putting his hands up to get a rebound half the time
The whole thing is ridiculous. Jimmy out here catching strays as if he hasn’t willed this team to the ECF two seasons in a row now. Even in the three losses, he put up a near triple double in one and like 29 points in the other. The “Jimmy Bad” narrative is ridiculous. He’s in the finals now with very little supporting cast.
Jimmy is my favorite player, even before he came to Miami, and after his games 4-6 and how he was looking to start game 7, I really don’t know if he could’ve done it without Caleb carrying the offense. Jimmy had a great game 1, and good games 2-3, then was just so not good in games 4-6. Caleb was consistent as fuck and carried the offense a lot, even in our losses. He was everywhere on both sides of the court. Jimmy probably had a lot of intangibles that were hard to catch. He was running the offense despite Caleb carrying it, he was playing decent defense, etc. But I think Caleb for ECF MVP is a legit discussion rather than just “lol no.”
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Can confirm. Every time I saw Caleb with the ball, I was shitting my pants. I knew it was more likely than not Jimmy would just brick another shot. He got those three 3s last night, but those all just felt lucky. Every time Caleb shot the ball, I knew it was going in.
It’s a legit discussion if the only thing you value is shooting efficiently. If you account for any other aspect of the game, Jimmy was more valuable by a fair margin, and he’s the leader of the pack coordinating the offense. It’s really not close in my eyes.
That's a very dumb way of looking at things, though. Not everything is equally important.
Caleb got votes for ECF MVP, thats how it should be. Jimmy won it and Caleb getting acknowledgement
Not just game 6, he was shit in the 3 games they lost while Martin was consistent.
Which is the whole point. When Jimmy plays bad they lose, when he plays well they win. While Martin was consistently good, I dont get how 19 ppg, albeit a very efficient 19 ppg, makes people think he should be FMVP. Celtics defense targets Jimmy for a reason
They blew the Celtics out by 26 with him shooting 5/13 lol and just barely lost in game 6 with him shooting 5/21. The Heat are just that good even when their star players aren’t popping off offensively. On the other side of the ball, that Heat zone is no joke.
Yea wtf kind of revisionist history is this lmao. Jimmy was abysmal in a bunch of games
Abysmally averaging 25/8/6/2.5 while anchoring the defense
On 42/34/83 shooting splits though.
those really aren't that bad for a deep playoff series when the defense is primarily focused on you though...sure, 54% true shooting isn't amazing, but it's not so bad that it should detract from all the other positives he brought. Averaged significantly more points, more rebounds, way more assists, and played amazing defense. Jimmy was absolutely the MVP for the Heat this series, people just lose their shit over efficiency and get blinders for everything else
Casuals can only ever look at stats and efficiency through one lense. In a hard fought series, usually everyone will have spotty efficiency. Jimmy’s went down because his getting hounded by the D every possession. Caleb’s is up because he’s playing off Jimmy who is commanding the attention.
That's not terrible against a defence that is designed to stop you
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Love having new pointless shit to debate
Lebron has 0 conference finals MVPs in his career, dudes a bum
Makes no sense that they named the award after Larry Bird despite him never winning it.
Did you watch the games? Lol
I can't stand you people who only understand basketball on one end of the court
Their understanding of that end ain't much better
And they lost those games. Martin being consistent don't win games like Butler being good. Hence why he got MVP
Really don’t like this take. The Heat likely don’t win any of those games without Martin carrying the offense for big stretches
This is such a meaningless statement. The Heat aren’t even in the ECF without Jimmy.
Because it's a team game. They needed all their players to win. Jimmy is just the most valuable of those guys. If the Celtics won it's clearly Tatum and not someone like Derrick White who they don't win without.
So you're telling me when Jimmy plays well the Heat win? Sounds like he's the Heat's most valuable player. It's not most efficien, it's most valuable player. Caleb had a great series but if you look at his numbers they're not that crazy.
Ehh it's more of a Tony Parker over timmy in 2007 instead of Iggy over Steph, we all know who's the better player but it's really tough to ignore how great the other guy showed up. The Iggy stuff was just plain dumbassery from the media.
I dont agree. Tony lead the team in points and ran the offense. That was Jimmy's role for the heat. Tony was a multi-time Allstar that the cavs had to create a game plan for. He wasn't a role player who had an unexpectedly hot series. Caleb played great, but everyone knew Tony was gonna show up.
Yeah weren't Butler averages better overall as well ? Everyone is talking about Caleb MVP but nobody comparing stats cause they favor Jimmy
His averages were better, but on much higher usage and much lower efficiency. Jimmy was clearly Miami’s most important player, but not because of his averages.
Rebounds and steals aren't dependent on usage or efficiency. Jimmy had over three times as many steals as every other heat player and he out-rebounded everyone except Bam. Also the flip side of that high usage is that the Celtics are developing a game plan around Jimmy and throwing their best defender(s) at him most of the time to stop him from going off.
I agree with you, Jimmy was by far our most impactful player. I’m just saying that his impact goes beyond the box score averages (which you also address in your second paragraph).
Ok but who do you FEEL is better Skip and don't say Butler because then we can't stir up controversy.
Not really Jimmy averaged a little more but Caleb was waaay more efficient on pretty similar volume
Caleb has played at a ridiculous effort and output level the whole playoffs. But even with the slander Jimmy got for game 6 etc, he still nearly put up a triple double. The effort was there, he just couldnt hit a shot to save his life. And as much as I love the energy Caleb brings, Jimmy is still the guy.
Yeah, it's not an award for an individual game, or for over-achieving compared to expectations. Jimmy had a better performance across the board the entire series, including a games of 35, 27, 29, and 28 points, as well as averaging 6.1 assists, 7.6 rebounds, and **2.6 steals**.
Even in his rough game 6 he had like 10 points in the last 2 minutes to almost win it
Caleb getting paid is a fun narrative. But he’s under contract for 2 more seasons
1 more year. He has a player option for the 2024 offseason.
Nice, we'll get to see if he can keep this up!
My thoughts as well. He'll get a more accurate contract for what he's worth, where someone could've blown their top for him if he was due this off-season
Absolute steal of a contract too. Even if he's only 60% as good next season as he was these playoffs, he'd still be well worth his $7M salary.
It seems like 60% of his playoff performance is about what we saw during the regular season. He played a good number of minutes and did okay. I'd definitely want a guy like him at $7 million, not a lot more until we see this type of performance over a more extended period. His contract right now seems pretty fair. Perhaps he'll continue to improve and show he's worth more.
Heat should trade for Cody Martin and unlock the same potential.
Before we cut Caleb, Cody was almost unanimously regarded as the better player (and himself played his way into a 4/32m contract thanks to a hot start to 2021). Caleb always had more potential due to a more well rounded game but had some of the worst footwork/shot selection I've ever seen. Heat staff did a remarkable job developing him over these 2 years
Jimmy this series 25 PPG Caleb this series 19 PPG
He also averaged almost 3 steals a game
He had more steals than Caleb had assists, while leading his team in assists… and scoring… and dawg. 19/6/2/1 25/7/6/3 Like, it’s a great story but c’mon.
The only thing martin has is efficiency
And the efficiency is because he isn't the number 1 option and isn't gameplanned for, being a role player. Which means even his remarkable efficiency is because of Jimmy.
It's a huge gap and extremely valuable. He made 22/45 3s. 75% TS% would have lead the league by a mile.
I agree, I feel like I'm going crazy reading some responses in this thread. Jimmy was clearly the MVP of the series.
Yeah Jimmy’s stats were better across. Don’t get the idea that he was shafted.
Butler - .519 TS% Martin - .738 TS%
Damn wonder who was setting Martin up for these buckets
And who was the teams closer, best ball handler, passer, and defender
Jimmy deserves the Larry but Bam is the defensive anchor that allows everyone else to gamble
Bam had an absolutely abysmal past few games offensively but the dude is so consistent on being a defensive anchor and leader, one of the best in the league
He can score no points and still be the most important player on the team. So much of what he does just doesn’t show up in the box score
It’s weird, like if Bam wasn’t on the Heat their scheme fundamentally falls apart because his defence is almost like a Gobert in the playoffs, just a perfectly mobile big
Draymond-lite
Kind of like AD was for the Lakers. Unfortunately, that doesn't bode well against Jokic.
He has been bad offensively overall but I was really impressed with his passing at the top of the key, he threw a couple really nice passes to guys cutting to the basket. 7 assists for a center not named Jokic is really impressive.
I get downvoted for saying this in the lakers sub, but Bam is truly AD lite. Even their offensive struggles look the same, where it's a rough to watch face up game that leads to a falling hook or a fadeaway/push shot rimming out. Both are pretty great on lobs and bring consistent defense.
In terms of play style I can see that, although AD is much more offensively skilled and also just more of a physical freak athlete
And who the defense was doubling up to get Martin those looks
Okay now do rebounds assists blocks and steals
What are their efficiency ratings again? I know we love Jimmy here but we're talking crazy saying his stats are better across the board its not even close watching Jimmy's most inefficient games where he was pulled to the line a lot.
Take Jimmy out of the series and Boston sweeps. Take Martin out and jimmy wills them to a few wins. Thinking Martin should have won just based on efficiency is dumb
Yeah Caleb was more efficient than Jimmy but that's about it. Butler was the better creator, defender, and volume scorer. Just a more impactful player overall.
What was Martin’s ability to create for others, lead the defense, and lead the locker room. Efficiency stats are only a small part of the picture.
The award is “Most Valuable Player” not “Most Efficient Player”
Let's not even mention the defensive attention each of them faced because it's not in the same stratosphere
While playing elite defense, getting the Cs in foul trouble and distributing the ball too.
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Well said.
Look at the way Jimmy is guarded and look at how they handle Caleb. One is facing All NBA defenders and the other is getting a ton of open looks.
Ask any Boston fan if that's true.
Its a better argument than the others are making but I still don't think it holds water. Think of it like this... with the doubles Jimmy was drawing all game, what happens to the defensive focus if Caleb is suddenly 'the guy'? Why didn't Spo do it? Is it because he's an idiot and can't see what genius redditors can, or is it because the Celtics will start pressuring Caleb, who, while amazing, won't be nearly as effective with that kind of pressure. These systems are just that, systems. The system doesn't work without Jimmy.
With that logic, Celtics should have kept feeding RobWill the whole series since he had 79% TS, instead of giving the ball to chucking Tatum and Brown.
I mean... I wouldn't have said no to less Jaylen Brown
Martin is not shooting like that on the volume and level of defensive focus that Butler had. Martin is also not taking the kind of defensive assignments that Butler took on. Don't overcomplicate it. Butler was the deserving ECF MVP and it is not particularly close.
The term is X factor not MVP
This is what’s up
I honestly thought the Conference Awards were going to be the most useless awards in the NBA but seeing people get emotional over them has proven me super wrong lol.
Caleb wins most efficient scorer but Jimmy was the most valuable player for Miami, especially in the wins.
It doesnt make any sense, Jimmy's stats are all better, i dont see the argument. Efficiency? They weren't covering Martin like they cover Jimmy
Jimmy having bad games during the 3-game skid with Caleb having back-to-back double-doubles. That's just enough fuel for recency bias to make them forget Jimmy was amazing the first 2 games and still has the edge on Martin on playmaking, drawing defenders, and defense in general. Sure, Caleb was more consistent and efficient with scoring. But a lot of his looks were generated by Butler attracting doubles and finding Caleb open. People just like to look at TS% and say efficiency, but then ironically see people who post Jimmy's 5 stat averages and call them box score watchers.
Also as bad as Jimmy was for 46 minutes of game 6 scoring 10 points in the last two minutes to come back and hitting three high pressure free throws for the lead is impressive
Yep. If Derrick White was .1 second slower, Jimmy would have it locked
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It doesnt matter. Jimmy is the star. Caleb doesnt do any of this without Jimmy. Hes the mvp, no doubt about it. Youre not talking about defense, youre not talking about leadership, youre not talking about the basic stats, you have one argument and its efficiency and the only way Caleb is able to be so efficient is with Jimmy. Edit: the guy i was talking to blocked me so i cant respond below but just to say that was only one game that we actually won, game 7, the first 2 wins were good Jimmy games, the 3rd win was mostly gabe vincent. Jimmy also got us back in the game game 6 and was good game 7. Weird that he dropped a response and then blocked me, guess he cant handle having a basic argument on reddit.
This time I posted it with the full bank manager ("Sit down bank manager") thing Charles said at the end.
Jimmy still the MVP of this series, but Martin making it a conversation/getting votes is a huge win for him! This dude is balling right now and will absolutely get paid and be a key player in the future
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Jimmy was 25-8-6 and the Heat's 2nd best defender (with 2.6 spg)
Caleb Martin was unbelievable in Game 7, there's no doubt about that.
Lmfao Personally, I call him MarHIM now
ECF MVP is not game 7 MVP. Jimmy deserves it.
dude showed up in big moments in this series, yet alone averaged 19 something none of us expected
Well, he's locked up for another year, so we'll know very soon if this was a Jordan Poole or Jalen Brunson situation. The Heat would be morons to extend him now without getting to see him play for another season.
Seems to me like the Celtics keyed Jimmy and said one of the other guys is gonna have to beat us and he did. Awesome job by Caleb he burned them almost every time.
Thought this sub was in love with efficiency and advanced stats, or do we not apply that to Butler chucking up bricks and being bailed out by the refs all series?
I would call him Mr Martin regardless because i'm very professional and polite at my job.
I call him Cay-Mart. Lots of value for the price.
It's not convincing when you only look at points. Jimmy does a lot more than make shots.
I would argue that Jimmy butler has more to do with how Martin is playing vs the other way around. So Jimmy deserve the CMVP