Pelicans' Herb Jones agrees to 3-year, $68 million extension
Jones' agent, Mark Bartelstein of Priority Sports, confirmed the terms of the deal to The Associated Press on Thursday night. Jones is under contract through the 2028-29 season, with a player option for 2029-30.
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'Wealth Does Not Stop. Rich Stops.' -- Grant Cardone Explains How To Build Multi-Generational Wealth
A high salary does not guarantee that you will build multi-generational wealth for your children. What you do with your money can build wealth, and that's a key lesson Grant Cardone shared in a recent video. "Wealth does not stop. Rich stops," Cardone explained. Here's how you can use this insight to approach your finances differently and set the stage for multi-generational wealth. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to $100k+ in investable assets? – no cost, no obligation. Your Wealth Can Outlive You Cardone started the clip by mentioning that Walmart (NYSE:WMT) founder Sam Walton still has five children who are on the billionaires list. His children are still on that list because Walton built the largest global retailer. Walmart continues to generate positive cash flow for its heirs. While Walton doesn't earn any additional income, his assets have outlived him. Those assets continue to provide wealth for his children. You can start a business and then hand it off to your children in the future. That's building wealth. You can also make a six-figure salary, but that salary vanishes the moment you pass away or can no longer fulfill the job's responsibilities due to age or another factor. It's also possible to get laid off from your job, while you have more control over your financial destiny if you start a business. Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — Your Wealth Gets Split Up After Death Cardone also mentioned that your wealth will get taxed and split up after you pass away. If you built your fortune on a rich salary with no assets, your children may not see a lot of it. Estate taxes and local taxes can also come into play, further reducing the inheritance you provide for your children. That's why starting a business is valuable. The cash flow continues to arrive, and your heirs can improve the business to boost its profits. If you don't start a business, you can also invest in assets like stock and real estate that generate income. It's better to be reminded of how your money will be taxed and split up when you pass your inheritance on to your heirs. It can give you the extra motivation to invest in passive assets and start a company that your children can A Brand Cardone wraps up the video clip by explaining that he's building a brand. He believes people will continue to talk about him for 50 years after he passes away. That type of brand will give his children more options. They can expand his work and continue to generate income from the company that he continues to build. It's easier to build a brand than ever before. You don't have to invest in supplies, retail locations, or any high-budget items. You can get started by creating a website, offering services that you can scale, producing content, and interacting with people on social media. Those efforts won't guarantee that you build a successful brand. However, if you are strategic about your core services, how you will identify your target customers, what marketing channels you use, and how you guide people along the customer journey, it's possible to develop a successful brand. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? WALMART (WMT): Free Stock Analysis Report This article 'Wealth Does Not Stop. Rich Stops.' -- Grant Cardone Explains How To Build Multi-Generational Wealth originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
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Cowboys sign TE Jake Ferguson to $52M deal as Micah Parsons continues without extension
The Dallas Cowboys got a deal done at training camp, but not the one fans are looking for. The Cowboys announced Sunday morning that they have signed tight end Tony Ferguson to a four-year, $52 million extension. All-Pro pass rusher Micah Parsons, meanwhile, remains without a deal as he seeks an extension entering the final year of his rookie contract. The deal for Ferguson makes him the highest-paid tight end in Cowboys history and the seventh-highest paid tight end in the NFL, according to the Cowboys. He signed the extension with one year remaining on his four-year rookie contract that scheduled to pay him $3.4 million in 2025. A fourth-round selection in the 2022 NFL Draft, Ferguson was a part-time starter as a rookie and has been Dallas' No. 1 tight end in the two seasons since. He emerged as one of quarterback Dak Prescott's favorite targets in 2023 with 71 catches for 761 yards and five touchdowns. Ferguson's production dropped last season as he tallied 59 catches for 494 yards without a touchdown. That still led Cowboys tight ends and was the good for the third-highest production among all Cowboys pass catchers behind CeeDee Lamb and Jalen Tolbert. The Cowboys bolstered their receiving corps with the addition of former Pittsburgh Steeler George Pickens in the offseason. Ferguson projects to remain as a top target for Prescott. Jerry Jones jeered by fans over lack of Parsons progress Parsons, meanwhile remains without a contract extension as the Cowboys prepare to practice in pads for the first time on Sunday. The absence of his extension remains the top story at Cowboys camp and one of the biggest training camp stories in the NFL. Cowboys owner Jerry Jones was greeted with boos and calls from fans to "pay Micah" as he addressed fans during a public training camp session on Saturday. Jones' address to fans took place days after his Monday news conference in which he swiped at the availability of both Parsons and quarterback Dak Prescott while addressing Parsons' contract status at the start of training camp. Just because we sign him doesn't mean we're going to have him," Jones said of Parsons. "He was hurt six games last year. Seriously. I remember signing a player for the highest-paid at the position in the league and he got knocked out two-thirds of the year — Dak Prescott. "So there's a lot of things you can think about, just as the player does, when you're thinking about committing and guaranteeing money.' Parsons was not "hurt six games last year." He missed four of 17 games with injury. In his previous three seasons, Parsons played in 50 of 51 regular-season Cowboys games. He's a three-time All-Pro and has made the Pro Bowl after each of his four seasons. Parsons is seeking a deal that will make him among the highest-paid defenders in football after fellow All-Pro pass rushers Myles Garrett and T.J. Watt signed contracts in the offseason paying them $40-plus million per season. Watt signed a three-year, $123 million extension ahead of Steelers training camp that set the new bar. Parsons reported to training camp without his extension, but has been a limited participant since practices started on Tuesday. He watched Wednesday's session from the sideline with back tightness, but declined to call himself a hold-in. Training camp escalates in intensity starting Sunday as the Cowboys practice in pads for the first time.
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3 stock picks for second half of 2025
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