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re: It’s ridiculous.. average nfl career is 3.3 years
Posted on 1/4/22 at 9:13 am to atltiger6487
Posted on 1/4/22 at 9:13 am to atltiger6487
quote:
but they won't have $2.4m in the bank. Taxes will take at least 1/3, and agent fees and living expenses will also take some. If they make extravagant purchases or buy their mom a house, that will take a lot too.
Assuming they manage their budget, they could have between $1.0 and $1.25 million in the bank (after taxes) after those 3 years.
Now yes, for a 25 year old, that's spectacular. But not exactly f-you money. Assuming they invest that money and don't want to touch the principal, they could withdraw 4-5% per year ($42k-62k per year), which is taxable.
A very, very good start, but not f-you money at all.
Ok. I'm not saying this was some exact science scenario, I pulled the 600k/year out of my arse.
It's not out of the realm of possibility for someone like, say... Flott to get out of the League entirely after 5y with 2.5 in the bank.
We all know taxes exist. And mamas. And maybach's. And other bad decisions.
Just trying to explain how 3.3 years in the league might not be a bad payday for a 20yo.
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