Originally posted on Bush League Chronicle  |  Last updated 1/17/13
The NCAA is currently holding its annual convention in Grapevine, Texas, and one of the people who NCAA President Mark Emmert got the chance to talk with was former LSU and NBA star Shaquille O'Neal. And the always entertaining O'Neal was gracious enough to share a few secrets from his college playing days with Emmert, along with the roughly 2,000 thousand people in the crowd, as well.O'Neal touched upon a "three-and-done rule" he advocates for college basketball players, temptations of academic plagiarism, and a perk he received before games. However, his biggest revelation may have been of the financial category.Mr. O’Neal recalled spending his first $1-million paycheck in about 30 minutes, mostly on fancy cars for himself and his parents. “I made a C in Accounting,” he said, “so I thought I knew what I was doing.”After finding himself $200,000 in debt, he realized he had a lot more to learn about business. And as his status as a player grew—he eventually won four NBA titles before retiring, in 2011—he figured he needed to get back to the classroom to prepare him for the next stage of his life.Now that he is retired from basketball, it has allowed to continue his career as a rapper, actor, and entrepreneur. He told the crowd that he owns 40 24-Hour Fitness clubs, 155 Five Guys restaurants, a jewelry and clothing line, nightclubs, and more. As far as his acting career goes, he is set to appear in Grown Ups 2 this summer, with Adam Sandler.“I needed people to understand that when they’re doing business with me, you’re doing business with a businessman,” he said, “not doing business with an athlete.”Raise your hand if you would like to see the big guy compete in the next season of Celebrity Apprentice. Your move, Donald Trump.Via The Chronicle of Higher Education
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