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bulldog95
LSU Fan
North Louisiana
Member since Jan 2011
16014 posts

re: The flawed argument to stay in school and get a degree
I think they should all get minors in finance at least. I'm just hate hearing how someone who made millions is now broke because someone took advantage of them.


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11
TampaTiger22
LSU Fan
Tampa, FL
Member since Jul 2012
5456 posts

re: The flawed argument to stay in school and get a degree
You are the greatest ever. I wish I could come to your job and watch you work. That would be amazing


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atltiger6487
Member since May 2011
6411 posts

re: The flawed argument to stay in school and get a degree
quote:

If you can’t earn 2 million over 10 years you suck at life.
that's an average of $200k per year, which is in the top 5%.

You're saying 95% of people suck at life?


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11
QJenk
LSU Fan
Atl, Ga
Member since Jan 2013
3265 posts
 Online 

re: The flawed argument to stay in school and get a degree
I get your point. But what about the players who sign up sign up for the draft, but they go undrafted. What about the guys who struggles to make a 53 man roster. What about the guys who aren't the superstars, so within 2-4 years they are out the league (which is the average NFL career.) For so many of these guys, once their careers are over and they ran through their NFL checks, they are left clueless and lost in the world not knowing what they are supposed to do.

I would love to see a statistic out on just how many people who graduate early goes back to finish their degree.


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QJenk
LSU Fan
Atl, Ga
Member since Jan 2013
3265 posts
 Online 

re: The flawed argument to stay in school and get a degree
quote:

The argument for kids to stay another year is dumb all around. Not a single poster here would risk another year of college if there was millions right around the corner.


You say not a single poster, but I would. I know it's just me, but I value getting my degree that much. The way I see it, if the league was meant to work out for me, it will still be there next year.

I don't expect everyone to agree with me. But that is my personal philosophy


TigerDM
LSU Fan
Baton Rouge
Member since Aug 2013
343 posts

re: The flawed argument to stay in school and get a degree
I have always thought it was an individual thing and you cannot make blanket statements with actually knowing the player. Maturity is a huge part of it. You have young men who are used to being the stars and playing all of the time. How will they handle being at the bottom of the depth chart. Also is are they physically mature enough, will an extra year of playing all of the time and the weight room have them better prepared or are they at a point to where they really won't get any better by staying in school so they might as well go even though they won't be in the top 3 rounds.


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LSUgrad08112
Member since May 2016
631 posts

re: The flawed argument to stay in school and get a degree
quote:

A college graduate from LSU is lucky to find a job starting at 50k a year. To make 12 million dollars, that graduate would have to earn 100 k per yer for 120 years. To make what a third rounder would make in 4 years a college grad would have to earn 100 k for 20 years

Really dumb way of looking at this. First of all, football players spend easily half if not more of their salaries on agent fees and taxes. So that $12MM immediately starts off at $6MM and the third rounder would have $1MM left after those fees. And if you want to get technical by taking the time value of money into account, then you have a guy who’s planning on living for about 50 more years after his career is over on a lump sum of $1 million to $6 million of money that’s steadily losing its purchasing power year after year.

So let’s look at it this way:

NFL draft early with no college degree and no intention of ever getting one:
$1MM lump sump followed by an annuity of $30,000 a year for the rest of your life (I.E. the average salary of high school grads)

NFL draft one year later with a college degree:
$750k lump sum followed by an annuity of $75,000 a year for the rest of your life, combined with the possibility of moving up in your company and making $100k-300k or more

Anyone who’s ever taken a finance class can figure out which one is worth a lot more. Going to college opens up many doors for athletes after their short careers are over. A few million dollars is NOT a lot of money to live the rest of your life off of, especially when you’re pressured to buy a nice car and house and support your extended family like most. NFL players are. The college route is easily the smarter way to go and that’s why like 90% of NBA players are dead arse broke within 5 years of leaving the league.

The one extra year of making NFL money doesn’t even come close to making up the money a college dropout loses in the long run.
This post was edited on 12/7 at 11:39 am


paper tiger
LSU Fan
acadiana
Member since Feb 2006
240 posts

re: The flawed argument to stay in school and get a degree
You did not read the whole post or the whole thread. Taking off you senior year to go to the NFL does not preclude returning to school for a degree.

On top of that, the average college player going to the nfl is not going to be the average college student.

For kids like Guice, Fournette, Key and Tolliver, their career path has always been to go to the NFL. The rules made them go to college to get there.

A general college degree can be very over rated. There are many college grads who may not earn a million dollars in their lifetime.

On top of that, the value of a million dollars in hand today is worth way more than a million paid over thirty years. A million dollars today invested in the stock market based on conservative estimates of past performance would generate 70k a year by itself.


LSUgrad08112
Member since May 2016
631 posts

re: The flawed argument to stay in school and get a degree
And going to the NFL draft early doesn’t preclude making a frickload more money off of higher draft stock due to staying an extra year. Your assumptions are ONLY in favor of the guy who leaves early. Generally, it’s a lot easier to finish school when you’re 22 and single and going for free with a ton of tutors vs. 30, married, in debt, and raising kids and paying for school with no outside help.

And how many NFL players completely lose their asses over bad investments? In reality and for the purposes of having a good life, it’s generally a better idea to get your degree while you’re on scholarship. It certainly doesn’t hurt and your random scenarios don’t change that. Move along and quit throwing shite at the wall and hoping that it sticks


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The Torch
LSU Fan
DFW The Dub
Member since Aug 2014
4920 posts

re: The flawed argument to stay in school and get a degree
quote:

I graduated from LSU and make $250,000 a year


Horse shite - Post a copy of your W2, 1099 etc etc


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atltiger6487
Member since May 2011
6411 posts

re: The flawed argument to stay in school and get a degree
quote:

I know it's just me, but I value getting my degree that much. The way I see it, if the league was meant to work out for me, it will still be there next year.

you can always go back and get your degree. Going early to the NFL and getting a degree are NOT mutually exclusive. You can do both.

And as for the league being there next year -- that's not true if you get seriously injured. And if you happen to have a longer career, the missed year of earnings on the front end can't be made up.

Even if a player lasts only 3 years, that's a MINIMUM of $480k, 570k, 660k = $1.71 million.

It would take 34 YEARS of making $50k (which is a nice starting salary right out of college) to match those NFL payments for 3 years.

And that's the absolute minimum salary, and doesn't count the signing bonus, pension, etc.

Financially, it's a moronic decision to stay for the fourth year if you're likely to make an NFL roster.
This post was edited on 12/7 at 2:04 pm


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