Brooklyn Nets' Rondae Hollis-Jefferson, 20, lives in New Jersey with two housemates and drives to training due to 'ridiculous' New York rent

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The 20-year-old rookie has described New York living costs as 'ridiculous'
He has revealed he shares an apartment with his brother and a friend
Hollis-Jefferson, originally from Pennsylvania, earns a $1.33million salary

Published: 03:38 EST, 17 September 2015 | Updated: 08:06 EST, 17 September 2015

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Brooklyn Nets rookie Rondae Hollis-Jefferson has revealed New York living costs are so high he was forced to find two housemates to avoid blowing his $1.33million salary on rent.

Currently living in north New Jersey, he lives in an apartment with his brother Rahlir and a friend, and has labelled the city's rental costs as 'ridiculous'.

The 20-year-old small forward, who moved to the city earlier this year after being drafted to the Nets from the Arizona Wildcats.

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The Brooklyn Nets rookie has revealed he lives in northern New Jersey to avoid blowing his paycheck on rent

The 20-year-old moved north after being drafted from the Arizona Wildcats earlier this year

He told the Wall Street Journal: 'You can live in a nice, three-bedroom condo with all that in Dallas for like two thousand bucks.

'Three bedroom, three-bathroom in New York, you’re paying eight grand. It’s ridiculous.'

Living in New Jersey, he chose to live outside Brooklyn and drive into its facility or training ground in East Rutherford, New Jersey.

He also said taxes and the area's living costs cut deep into his first pay check and described his shock at losing half of it in taxes and the area's living costs.

While basketballers are paid lavish amounts of money to play for their teams, there are many tales of players who have mismanaged their fortunes or declared bankruptcy.

Earlier this week, basketball legend Shaquille O'Neal revealed he had turned down an opportunity to invest with Starbucks - a decision that cost him millions.

Shaquille O'Neal has made some amazing business decisions, but turning down Starbucks wasn't one of them

O'Neal revealed in an interview with sports reporter Graham Bensinger he stunned chief executive Howard Schultz by telling him 'black people don't drink coffee'.

He explained: 'So my agent called me up and he says "[Starbucks CEO] Howard Schultz wants to do business with you". And I’m like "coffee, eh," because growing up, in my household, I’d never seen a black person drink coffee. So it was my thought process that black people didn’t drink coffee,' he said.

However, he is still doing well for himself - the championship-winning centre is now worth an estimated $350million.