Howard has played in the NBA for 18 years, how much pension can he receive every month? Netizen: Unbelievable

In the NBA arena, Howard was once a powerful superstar. He is known for his explosive physical fitness and excellent defensive ability. At his peak, he was known as the "Warcraft" and was one of the most dominant centers in the league. In his 18-year career, Howard has won numerous honorary records, has been selected into the All-Star lineup 8 times, was elected the best defensive player 3 times, won the rebounding champion 5 times, and won the block king 2 times, and also helped the Lakers win the championship in 2020.

Now, Howard, who has retired, has not only enjoyed the respect of fans and career success, but also has a stable NBA pension as an additional reward for his brilliant career. So, how much pension can this former No. 1 center in the league receive every month? Let's take a look together below. The NBA's pension policy is a welfare system established by the league to ensure the life of players after retirement. Players who have been in the league for over 3 years are eligible for retirement regardless of their nationality. The way the pension is calculated is determined based on the player's length of time in the league. The specific criteria are as follows: Effectiveness is $306 per month for 3-4 years, $510 per month for 5-9 years, $714 per month for 10-14 years, $918 per month for more than 15 years.

Howard played in the NBA for 18 seasons, exceeding the 15-year standard, so his base pension will be calculated at $918 per month. Then, his monthly basic pension is $918×18=16524.

In addition, the age at which the player receives his pension will also affect the final amount. If players start receiving pensions at the age of 45, they can only get 2/3 of the full amount; they can receive full amount at the age of 50; and by the age of 62, the base of pensions will be further increased. Assuming Howard chooses to start receiving his pension at the age of 45, his monthly pension is about $11,016, and $132,192 a year, which is about RMB 945,000. If he waits until he is 50 years old and starts receiving it, his annual pension will reach about US$198,288, or about RMB 1.458 million. And after he was 62 years old, this number will increase by about 30%.

Howard is not over 40 years old, so it will take him five years to qualify for his pension. In fact, although the pension is a seemingly considerable income, it is actually returned from the league custody fees paid by the players every year. In other words, pensions are actually the players' own money, but most players are not good at managing their finances, and there are many people who go bankrupt after retirement, so the league keeps them for them.

For Howard, he not only achieved outstanding achievements on the field, but also accumulated considerable wealth through commercial endorsements and various investments, and his total career salary reached US$247 million. Therefore, these pensions will not have any impact on his life, but this is a reward for his 18-year career and a testament to his hard work and outstanding contributions in the NBA arena.