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re: How has Jonny Manziel not ran out of money.

Posted on 6/30/16 at 12:43 am to
Posted by McCaigBro69
TigerDroppings Premium Member
Member since Oct 2014
45286 posts
Posted on 6/30/16 at 12:43 am to
quote:

And after taxes, attorney fees, agent fees, his entourage he probably saw $1.5M of that $7.7M MAYBE.


I doubt his entourage is on a payroll

Also, I don't think agents get more than 10 percent, if that.
Posted by volfan30
Member since Jun 2010
41194 posts
Posted on 6/30/16 at 12:59 am to
Lol. I know a pro athlete who signed for about $6.1 guaranteed and his take home was just north of $3M. I'd say Johnny saw close to $4M of $7.7. Certainly more than a million and a half.
Posted by CrumbBumb
God Bless America
Member since Jun 2016
434 posts
Posted on 6/30/16 at 1:15 am to
Grandfather still gives him an allowance
Posted by Peazey
Metry
Member since Apr 2012
25424 posts
Posted on 6/30/16 at 2:55 am to
His claiming that take home pay is "maybe" 19% is fricking moronic. 50% is probably a decent guess. The highest rate a sports agent can charge an NFL player for playing contract is 3%. The highest marginal federal tax rate is about 39%. Since so much is above the top end cut off it is going to approach and probably be within a couple percentage points of that as an overall rate. The Ohio state income tax for the highest bracket is about 5%. Let's call the tax rate 43% for simplicity sake. The attorney and whatever money he decides to give to his entourage isn't costing over $2.5m right off the top to knock the 7.7 down to 1.5.

Smh at some of the ridiculous blind assertions around here.
This post was edited on 6/30/16 at 3:06 am
Posted by lsu xman
Member since Oct 2006
16683 posts
Posted on 6/30/16 at 3:23 am to
Manziel has money from signing autographs and club appearances.
Posted by TT9
Global warming
Member since Sep 2008
90305 posts
Posted on 6/30/16 at 5:37 am to
Hopefully his grandfather goes down soon for being an enabler.
Posted by ecb
Member since Jul 2010
10083 posts
Posted on 6/30/16 at 5:58 am to
Charlie sheen jr
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
68753 posts
Posted on 6/30/16 at 6:43 am to
His dad just said that JFF has more money than he does so he keeps outrunning him. Plus he flies coach so at the end of the day he has more coke money
Posted by nofear67
Houston
Member since Jan 2006
2304 posts
Posted on 6/30/16 at 8:14 am to
quote:

he gets money every single time someone on the MSB makes a thread about him

Sick burn
Posted by DirtyMikeandtheBoys
Member since May 2011
19467 posts
Posted on 6/30/16 at 8:34 am to
quote:

This belongs on the OT. Johnny has nothing to do with sports anymore.


Have you burned your Browns jersey?
Posted by shel311
McKinney, Texas
Member since Aug 2004
112622 posts
Posted on 6/30/16 at 8:36 am to
quote:

I doubt his allowance has ever been cut off by the family
I doubt his Dad comes out and makes the statement he made if that's so.
Posted by kkhere
Member since Nov 2009
440 posts
Posted on 6/30/16 at 8:38 am to
Also had endorsement deals with Nike and Snickers so factor those in as well. I'm not saying they are anything extravagant but I'm sure those helped supplement whatever NFL income he received.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112622 posts
Posted on 6/30/16 at 8:43 am to
quote:

Also had endorsement deals with Nike and Snickers so factor those in as well. I'm not saying they are anything extravagant but I'm sure those helped supplement whatever NFL income he received.
Yea.

And I don't think he's spending as much as some may make it out to be. I'd imagine the bulk of the drugs and drinking and clubgoing is free on his part. So mostly just flying around and then paying for places to stay is likely the majority of his expenses, if I were just guessing.
Posted by tduecen
Member since Nov 2006
161245 posts
Posted on 6/30/16 at 8:51 am to
Dude probably doesn't even pay for a place to say, shows up in a club (which he gets in free because he is Jonny Manziel) and then meets a girl to go home with.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135682 posts
Posted on 6/30/16 at 9:23 am to
His family is very wealthy, part of his issue. He has an unchecked will.
Posted by biggsc
Member since Mar 2009
34654 posts
Posted on 6/30/16 at 10:08 am to
His family has oil money
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44062 posts
Posted on 6/30/16 at 10:46 am to
quote:

I mean, he had $7.7M guaranteed in his rookie deal


He made $12 million between the Browns and Nike in signing bonus and guaranteed money. That's just the big money, he made $200K, the day he got out of rehab with an endorsement of a fantasy MLB app.
Posted by BackInBlackTiger
Member since Mar 2014
2357 posts
Posted on 6/30/16 at 10:54 am to
quote:

This belongs on the OT. Johnny has nothing to do with sports anymore.

This
Posted by JFKFC
Member since May 2016
93 posts
Posted on 6/30/16 at 11:13 am to
He is sitting on fat stacks of autograph $, and other perks picked up from aggie boosters who are still ecstatic he helped A&M to a 3rd place finish in the division of their conference and a victory over Duke in the chicken bowl.
Posted by TbirdSpur2010
ALAMO CITY
Member since Dec 2010
134141 posts
Posted on 6/30/16 at 11:23 am to
Incorrect, but your Agsession has been duly noted.
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