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Joe Burrow with $24 Million Signing Bonus
Posted on 7/29/20 at 9:30 am
Posted on 7/29/20 at 9:30 am
No. 1 overall pick Joe Burrow former LSU Heisman-winning quarterback has agreed to a $36.1M contract, including a $23.8M signing bonus, with the Cincinnati Bengals. Burrow will receive 100% of his signing bonus within 15 days of executing his contract. This will be the most lucrative rookie deal any player has reached since the rookie wage scale was implemented in 2011.
Can you smell what Orgeron’s got cooking on the Recruiting Trail with QBs? likely revisit a couple QBs. Imagine QBs coming out of our YaYas for the next decade throwing to a PLETHORA of Future Pro-Bowl WRs
A Plethora of QBs for Ed Orgeron’s Birthday
LSU’s unimaginable 20 NFL Contract Deals for 2019
NFL got a plethora of talented LSU players!
They will next year too — And the year after ...
Can you smell what Orgeron’s got cooking on the Recruiting Trail with QBs? likely revisit a couple QBs. Imagine QBs coming out of our YaYas for the next decade throwing to a PLETHORA of Future Pro-Bowl WRs
A Plethora of QBs for Ed Orgeron’s Birthday
LSU’s unimaginable 20 NFL Contract Deals for 2019
NFL got a plethora of talented LSU players!
They will next year too — And the year after ...
6
Posted on 7/29/20 at 10:02 am to PokeyTiger
2020 Single Filer
Fed rate 37%
Ohio tax 5%
After tax = $24M X .58 = $13,920,000
He'll need a awesome CPA to get that down!
Fed rate 37%
Ohio tax 5%
After tax = $24M X .58 = $13,920,000
He'll need a awesome CPA to get that down!
Posted on 7/29/20 at 10:09 am to LSUBanker
quote:
He'll need a awesome CPA to get that down!
It's hard to hide ordinary income.
Posted on 7/29/20 at 10:15 am to LSUBanker
Plus Cincinnati 2.1% local tax.
Yeah, I'm the taxman
quote:
Do I have to pay the City tax? Do I have to file a return? What is the tax rate? Anyone who lives or works in Cincinnati is subject to the 2.1% income tax regardless of age or income level.
Yeah, I'm the taxman
Posted on 7/29/20 at 10:19 am to CBDTiger
Posted on 7/29/20 at 11:01 am to LSUBanker
Plus agent fees...10%?
Posted on 7/29/20 at 11:14 am to PokeyTiger
I wonder if he will make a donation to that Ohio food bank in his home county... 
Posted on 7/29/20 at 11:54 am to CBDTiger
quote:
Plus 0.9% Obamacare surtax on wages over $200k.
Democrats are sharp. They call Obama care affordable. Now I get it. If you have a 20 million dollar income it sure can be affordable.
Posted on 7/29/20 at 11:57 am to PokeyTiger
Well deserved.
Posted on 7/29/20 at 11:57 am to LSUBanker
quote:
2020 Single Filer Fed rate 37% Ohio tax 5% After tax = $24M X .58 = $13,920,000 He'll need a awesome CPA to get that down!
Yeah..... I’m not going to feel sorry for him if he can’t “get that down”.
14 million on top of his salary? He should be able to walk away from football anytime he wants and the next 4 generations of his family could never work a day in their life if they didn’t want to.
Posted on 7/29/20 at 12:48 pm to PokeyTiger
quote:
LSU’s unimaginable 20 NFL Contract Deals for 2019
The combined salaries & signing bonuses this year if all 20 remain on their NFL teams
Burrow - $24,490,100
Chaisson - $7,875,172
Jefferson - $7,713,856
Queen - $7,014,852
Edwards-Helaire - $6,040,232
Delpit - $3,599,136
Fulton - $2,046,504
Lewis - $1,735,192
Cushenberry - $1,556,176
Phillips - $1,442,296
Charles - $1,409,372
Lawrence - $1,294,084
Ferguson - $800,448
Sullivan - $685,492
Moss - $630,000
Magee - $610,500
Dillion - $625,000
Divinity - $615,000
Fehoko - $612,500
Traore - $620,000
COMBINED TOTAL = $71,415,912
Posted on 7/30/20 at 9:27 am to PokeyTiger
Not counting endorsement revenue.
Posted on 7/30/20 at 9:44 am to LSUBanker
quote:
After tax = $24M X .58 = $13,920,000
He might as well move back in with his parents.
Posted on 7/30/20 at 9:57 am to Penrod
quote:
It's hard to hide ordinary income.
Accelerated depreciation is your friend. There are bound to be a lot of depressed areas in SE Ohio with special economic zones where he can invest in businesses to take advantage of things like that.
Posted on 7/30/20 at 10:40 am to PokeyTiger
Imagine calling your bank's automated teller for the balance:
"You. Have. Twenty. Four. Million. Dollars. And. Five. Cents."
"You. Have. Twenty. Four. Million. Dollars. And. Five. Cents."
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