Shaquille O'Neal's $9 Million Spending Spree After Landing $121 Million Contract

Shaquille O'Neal spent $9 million on luxury cars after signing a massive $121 million deal with the LA Lakers.

Shaq was unaware of California's high income tax, which reduced his paycheck significantly.

He spent nearly 90% of his first paycheck on the cars, leaving him with only $1.5 million in cash.

Shaq regretted his decision and was left fuming after realizing he had overspent.

Shaq's agent, Perry Rogers, warned him about overspending and helped him limit his expenses.

Shaq has always been focused on maximizing his earnings and securing his money.

The incident taught him a valuable lesson about financial management.

Shaq has since become a successful businessman with a net worth of $400 million.

His experience serves as a cautionary tale for young athletes and aspiring entrepreneurs.