What Does Wes Edens Think About One & Done?

The 2017 – 2018 season was tough for the NCAA college basketball. It started with FBI arrests and jail time. Does Wes Edens think that the NBA “One & Done” policy is ruining college athletics?

Straight Outta High School

The world has changed in many ways. Some blame money, the World Wide Web, NBA, NCAA or all of the above. Kobe Bryant, Kevin Garnett and LeBron James opened the door for NBA players to skip college. Of course, we hear about the success stories, but what about all of the disasters? How many lives were ruined by young men who were not ready for the NBA?Wes Edens Milwaukee Bucks only has 5 x spots for starters. There are thousands of applicants. Which of them think they are ready? All of them. And, that is the problem. The young high school players dominate their local city leagues and win championships. That makes them feel like they will be the next Kobe Bryant. But, thousands fail and there was only one Kobe.Kobe was the child of an NBA star. He had key advantages. Most don’t have those advantages.When the NBA permitted players to enter the league straight out of high school, it ruined the NCAA. Why? Because they lost all their best players. Thankfully, the NBA changed its rule.

One & Done

Now, some players only want to try to survive freshmen year in what is called “One and Done.” Unfortunately, the sports agents reach these players before they enter college. Arizona’s DeAndre Guyton is just the one who was caught. Supposedly, his agent was offered $100,000 to play at Arizona. Arizona violated no criminal laws, they violated NCAA rules. The courts cannot do a whole lot. The FBI got involved because the NCAA is very limited in what it can do. The NCAA can suspend coaches and players. It can vacate games and championships. But, aren’t all of the most successful schools doing the same thing? When the FBI report was issued before March Madness, all of the top programs were listed as possibly violating the NCAA rules. The NCAA had lost control of its sport.

NFL Junior Year

Milwaukee Bucks owner Wes Edens wants the best talent for his team, like Giannis Antetokounmpo. And, eventually he will get it. If the player goes to college for 1, 2 or 3 years, it does not really matter to him. The loser in the entire scenario is the player who skips college to go to the NBA and does not make it.Another possible solution is the NFL rule that only college juniors can play. That kind of makes sense. It would solve a lot of problems. Milwaukee Bucks Wes Edens could be a hero if he sat the NBA and NCAA executives down, together in a room and hammered out a credible solution. Who knows, maybe it would put him in line to become NBA Commissioner, one day?

Vincent Parascandola Leads The AXA Advisors

The role of AXA Advisors is to help families, individuals as well as businesses to take small steps that they can easily manage and succeed in getting financial security. Since 1859, these advisors have been doing just that.

They realize that is the biggest goal for people today for people. But financial security can be quite complex for some people as there are several parameters that are involved here. The financial planning will be based on lifestyle, the needs after retirement, besides any other aspirations, income, and the family goals and so on. This requires careful planning to take it forward.

Proper financial security means getting an early start. Planning well will contribute to achieving the financial goals in an easy and proper manner.

A budget will have to be set. Once this is done, it has to be followed diligently. Managing of debt is another important parameter. This means being aware of when credit is to be used and when not. There has to be an emergency fund too. It must be kept aside while it provides peace of mind. This helps to remain prepared for anything unexpected that may come at any time.

Financial security would always include investing for retirement. Diversification will always be a key factor in protecting the portfolio in case of losses. This does not undermine the importance of reassessment of the financial situation as life is changing all the time.

This is exactly what Vincent Parascandola is explaining to his advisors all the time. He is currently the Senior Executive Vice President of AXA Advisors, LLC.

Vincent Parascandola looks into several departments here. These include sales and recruitment, besides management development and retention. This way he is responsible for the productivity of his financial professionals as he has to develop the new ones too!

Vincent Parascandola is looking after so many avenues in his company as he has nearly 25 years of experience here. He had joined Prudential as an agent. This was in 1987. This is the way Vincent Parascandola started his career. Then he moved on to MONY Life Insurance Company before joining AXA Advisors in 2004.