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re: Jeremy Hill new ride
Posted on 6/23/14 at 6:15 pm to jose canseco
Posted on 6/23/14 at 6:15 pm to jose canseco
quote:
Not uncommon for someone making $50,000 and buying a $20,000+ vehicle.
someone buying something like a new accord and financing it for 5 years with a decent down payment, after saving, is not the same thing as a lot of players (not necessarily saying hill falls into this) paying cash for a luxury sports car with an awful resale value that they likely don't even end up keeping for more than a couple years. it's also a lot different when the guy that is making 50k has a 30+ year career ahead of them and the guy you're talking about could be unemployed and without a degree in 3.
This post was edited on 6/23/14 at 6:17 pm
2
Posted on 6/23/14 at 6:17 pm to Mshargois3
No one buys these kind of cars new. It has to be a $5k a month lease.
Posted on 6/23/14 at 6:18 pm to lsufball19
Agreed, but you are taking 2 opposite ends of the spectrum in your example.
Posted on 6/23/14 at 6:18 pm to saintsfan22
quote:
I'd say 0% of athletes have ever gone broke because of the 1st car they bought.
yes, you're correct. one car, alone, does not cause someone to go broke. but that's not exactly the model of fiscal responsibility for your first purchase when you're not making the kind of money most people make when they're buying cars like that.
Posted on 6/23/14 at 6:20 pm to ellishughtiger
quote:
No one buys these kind of cars new. It has to be a $5k a month lease.
quote:
Yeah looked on their website, you can lease one starting at 799$ per month.
Posted on 6/23/14 at 6:20 pm to PhiTiger1764
quote:
Pretty fricking stupid purchase. But hey good for him.
Posted on 6/23/14 at 6:20 pm to Jones
You can get a new maserati starting at 75k, yall don't know how much he paid for this.
Posted on 6/23/14 at 6:22 pm to dj30
quote:
You can get a new maserati starting at 75k, yall don't know how much he paid for this.
neither do you. you can also get a new maserati for north of 150k
Posted on 6/23/14 at 6:23 pm to lsufball19
quote:
making 50k has a 30+ year career ahead of them and the guy you're talking about could be unemployed and without a degree in 3.
Well, he is guaranteed $1.6 million. So that is the equivalent of making $50,000 for the next 32 years. Assuming he invests nothing, only gets his guaranteed money and generates zero income outside of a presumed failed football carreer.
Posted on 6/23/14 at 6:23 pm to lsufball19
I'm not the one criticizing him because he's a young back male.
Posted on 6/23/14 at 6:26 pm to dj30
quote:
I'm not the one criticizing him because he's a young back male.
so now we're making this a race thing. so it's ok for someone to make irresponsible decisions because they're black or something? i'd say the same thing if it were zach mettenberger making the purchase. there's a reason why so many professional athletes go broke very shortly after they're done playing. it's because they're young and stupid and have no idea how to deal with having that much money at that age. race has very little to do with it.
Posted on 6/23/14 at 6:26 pm to dj30
Gee, I wonder how professional athletes go broke.....
Let me guess, he's got 15 year long relationships with every one of those 75 guys in his entourage
Let me guess, he's got 15 year long relationships with every one of those 75 guys in his entourage
Posted on 6/23/14 at 6:29 pm to dj30
quote:
I'm not the one criticizing him because he's a young back male.
Yep, it is b/c he's a young black male, not b/c 78% of NFL players go bankrupt. Not to mention he's at a position with a short life
Posted on 6/23/14 at 6:30 pm to jose canseco
quote:
Well, he is guaranteed $1.6 million. So that is the equivalent of making $50,000 for the next 32 years. Assuming he invests nothing, only gets his guaranteed money and generates zero income outside of a presumed failed football carreer.
is that supposed to be impressive or something?
Posted on 6/23/14 at 6:30 pm to TigerRanter
quote:yes for the maserati, no for the fact that he bought it in the wrong color
He has good taste.
Posted on 6/23/14 at 6:32 pm to Dr. Shultz
quote:
Will make about 4 mill over 4 years.
Spends 200k+ on a car.
Aint no thang partna
Well actually $3.75 million....and only $1 million guaranteed......and that's before Uncle Sam takes his 39.6%....and the state of Ohio takes 5.92 % .....and 4-10% to his agent......and any stupid thing Jeremy does from this point on, he'll be dealing with civil lawsuits too.
Posted on 6/23/14 at 6:36 pm to Mshargois3
Mazer Granturismo 
A Ferrari 458 (non vert) is just over 2k a month. This would be in the 1000's if brand new. You know nothing.
Good for him.
quote:
No one buys these kind of cars new. It has to be a $5k a month lease.
A Ferrari 458 (non vert) is just over 2k a month. This would be in the 1000's if brand new. You know nothing.
Good for him.
This post was edited on 6/23/14 at 6:46 pm
Posted on 6/23/14 at 6:40 pm to lsufball19
quote:
is that supposed to be impressive or something?
It's supposed to illustrate a point that even if the worst possible scenario happens and he only makes the guaranteed money from this deal and never earns another penny in life, all he did was spend at the MOST 10% of money in hand on a vehicle.
Thought you could figure that out. Guess not.
Posted on 6/23/14 at 6:41 pm to PhiTiger1764
quote:
Pretty fricking stupid purchase.
Yep, I'd guess it's a quarter of his bonus. That would've made a nice investment which wouldn't lose 15% of its value immediately.
So one thing running fast can't do is teach you simple economic logic.
Posted on 6/23/14 at 6:43 pm to recruitnik
He's had the car about a month fwiw
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