DeShawn and the ATM

That is Nets shooting guard DeShawn Stevenson in his home kitchen. He posted that on his Instagram account. You'll see a lot of things that you would normally see, except for that one little thing to his right.

That one little thing is an ATM machine.

Now why would someone have such an item installed in his house? According to SB Nation's Andrew Sharp, he views it as an alternative means of avoiding surcharges. Someone also thought of this from one of the commenters of SB Nation:

Here’s a different perspective. Say Stevenson is the type of person who needs large amounts of cash on hand at any given time (and can’t make it to a bank when he needs it). If so, then that money is sitting dead in his house, not gathering interest. But if he has it in the bank, and can pull it out at any time with the ATM, it’s gathering interest AND he has the same access as if the money were sitting under his mattress. Not to mention the protection from robbery, FDIC insurance, and other intangible benefits.

If this is the case, then the proper cost-benefit analysis compares the ATM rental to the interest earned on the maximum amount of money the ATM can hold.

$65 * 12months is $780. So it costs him $780/year to keep the ATM. Using the simple interest formula (for simplicity!) I=Prt, t=1 and I = 780. You can then plug in different interest rates to see how much money the ATM needs to hold for it to be better than keeping money in a safe.

For example:
2.5% interest = $31,200
5% interest = $15,600
7.5% interest = $10,400
10% interest = $7,800

Etc.

Maybe he’s just a man who needs cash handy, but hates losing money. Maybe DeShawn Stevenson is the wisest of us all.

Considering how NBA players need to have cash on hand at the ready given their spending habits, it makes sense in Deshawn's thinking to have an ATM at home. It is also important to note that this is also the same guy who has Abe Lincoln tattooed on his neck.

DeShawn, who was an integral part of the Mavericks' run for the championship last season, averaged 2.9 points in 51 games for the New Jersey Nets, making 30 starts. He made $2.5 million last season.

Blog Outsourcing - May 28, 2012 edition

Good Morning and Happy Memorial Day!

It is a special day for all my friends in the United States. A time to celebrate, remember and respect those who have worn the uniform with pride, dignity and honor. A day to express your admiration, love and devotion. Remember that when you enjoy the weekend.

Here forth are the links to keep you busy this holiday.


The glitz and glam of Monaco. (c/o London Telegraph)

The pomp and tradition of Indianapolis. (c/o Indianapolis Star)

The grit and grind of Charlotte. (c/o Charlotte Observer)

Hidden in the limelight of the three big races, rally legends win in Charlotte and Greece. (c/o Racin Nation and Paddock Talk)

Bad day for the Lotus brand. (c/o Motorsport and The Checkered Flag)

NASCAR releases its newest HOFers. (c/o Autoweek)

RIP Johnny Tapia. (c/o Bad Left Hook)

Fights go on. For Nonito, Victor, Canelo and Amir. (c/o Boxing Scene, Eastside Boxing, Crave Online, BoxingNews 24)

The Heavyweights are on full force. (c/o Vancouver Province)

Who wants to defend Arianny? (c/o Larry Brown Sports)

O Canada in the Giro D'Italia. (c/o National Post)

Who wants to be the King and Queen of Clay? Not Andy Roddick. (c/o The Roar, Bob Larson's Tennis News and Daily Mail)

He's back on top in style and he won't have to worry about golf in his turf. (c/o The Guardian and Golf by Tour Miss)

SEC dominates in the course, too. (c/o Tuscaloosa News)

He virtually escaped with a victory. (c/o CBS Sports' Eye On Golf)

Queens of lacrosse, again. (c/o Washington Post)

Who will be the kings of lacrosse? (c/o Baltimore Sun)

Triple Steal! (c/o Daily News-Journal)

The road to Omaha is set, sort of. (c/o College Baseball Daily)

Los Angeles or New Jersey, who ya got for Lord Stanley? (c/o Los Angeles Times, Sports Illustrated and Pro Hockey Talk)

Bourque in a Bruins jersey. (c/o WEEI)

Barcelona gives Pep a parting gift. (c/o Soccerway) Donovan with a hat trick. (c/o New York Times)

Should he get a shot in the big leagues? (c/o Pro Football Talk)

Using your legacy to ensure the future. That is some futuristic thinking. (c/o CBS Sports Eye on Baseball)

Woe for Halladay, Moyer, Darvish, Bell? (c/o Philadelphia Inquirer, Denver Post, FS Southwest, Miami Herald)

Rays got clutch gene. 25 wins since 2008 trailing in the 9th inning or later. (c/o Boston Globe)

National dominance so far. (c/o Washington Times)

Time to get Nasty, Pop said. (c/o The Sports Campus)

To part, yep, it has gone way beyond cheesy, but they recorded this in the Motherland.

Blog Outsourcing - 5/14/12 edition

Trey Wingo tweeted that Sports is truly the greatest reality show of them all. That can truly be said about what had transpired on Mother's Day.

If one thought the drama about the last day of the 2011 baseball regular season was sensational, then Mother's Day could provide even more intensity and drama like nothing else. The Premiership and La Liga had something to play for, whether to stay in top flight football, which Rayo Vallecano pulled off and Villareal could not, to securing their place in Europe, like Levante in Europa League, Malaga and Arsenal in the Champions League. There was a lavish coronation in the Santiago Bernabeu. And then, there is Manchester City.

I really would like to commend the guys at Awful Announcing for putting this post up. It is such a gem. From the Law of Gus, now we have the Law of Darke, et al...

And by the way, I hope all of you had a great Mother's Day yesterday.

Here forth are the links after the jump.
Lakers advance. So did the Clippers. (c/o Los Angeles Times)

The Establishment sent a message to The Upstarts. (c/o Boston Herald and Miami Herald)

Stern sees too much flopping. (c/o Cinemablend)

Not only did you exit the postseason, you exited feeling a little lighter. (c/o Yahoo!)

This drama is not over just yet. (c/o New York Daily News)

O-lym-pia-kos!!! (c/o MVP) Junior Seau Memorial. (c/o NY Times' Fifth Down)

He makes his return. (c/o Newark Star-Ledger)

Huge loss for the Nationals. (c/o Washington Post)

Mason is staying. (c/o Inside Nova)

A fitting way to listen to while thinking about yesterday.

The Younghusbands on The Wake Up Show

Phil and James Younghusband of the Loyola Meralco Sparks dropped by Mellow 94.7 earlier today to guest on the morning show entitled The Wake Up Show.

They were there to help spread the word about the upcoming culminating activity of the Chelsea Football School on May 15 at the SM Mall of Asia Music Hall.

2012 Commissioner's Cup Finals reaping positive dividends

Who says the PBA is dead? It sure looks alive and kicking in Season 37.

 

Filipinos love basketball, especially if their team is in the finals. That has never been more apparent right now than what is going on in the 2012 PBA Commissioner's Cup Finals between the Talk 'N Text Tropang Texters against the B-Meg Llamados. Attendance is robust, as seen in the figures from the last five games.

 

Game 1 (April 23 - Monday) - 13,008
Game 2 (April 25 - Wednesday) - 11,862
Game 3 (April 27 - Friday) - 14,493
Game 4 (April 29 - Sunday) - 18,696
Game 5 (May 2 - Wednesday) - 15,183

 

The SMART-Araneta Coliseum has been the venue for the PBA Finals, averaging more than 14,000 per game in this back-and-forth series, as citizens of #TNTNation, #BMegPlanet or casual PBA fans have come in droves to support their team or enjoy top-flight Philippine basketball. In fact, the last three games are at the level of, if not beating the opening day attendance figures for the PBA. 

PBA Commissioner Chito Salud is very thrilled with these results.

 

“I am happy for our fans that they are enjoying the games yet again. They deserve it. I am happy for our players that they are embracing the simple formula of playing hard all the time, improving their craft and being a role model on and off the court. The fans are responding and our players have to be commended,” he said.

 

The Finals has also posted impressive viewership ratings. According to the Nielsen Media Research NUTAM Individuals data, viewership of Game 5 last May 2 registered as high as 2.2 million viewers or a score of 5.2% AMR (14.2% audience share) where the BMEG Llamados took control of the game and commanded a 3-2 lead in the series.

 

Basketball fans can watch the Game 6 action on television via AKTV on IBC 13, the primetime sports channel on Philippine TV. Encore replay of the game can be seen on HYPER (seen on Channel 43 at Cignal Digital TV).

32.

These guys got themselves this for the 32nd time in their history.

 

Doing it at the fabled San Mamés, fitting since this cathedral of football will give way to a new stadium next season.

In Mou we trust.

Imagine the party at Cibeles.