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Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Posted on 9/28/20 at 11:34 am
Posted on 9/28/20 at 11:34 am
quote:
Tagovailoa got $30.3 million guaranteed, including a $19.6 million signing bonus, on his four-year rookie contract. He isn’t spending a dime of it.
Instead, Tagovailoa said in an interview with GQ, every NFL paycheck is going into savings, and all he’ll spend to live on is what he gets in endorsements.
“I’m gonna be living off of my marketing money, so the endorsement money that I get, and then everything else is just put to the side,” Tagovailoa said. “So the money that I’m making from my contract, that’s put to the side, so none of that’s gonna be seen.”
With endorsement deals with several big companies, Tagovailoa has been able to purchase some nice items, including a $1.65 million house near the Dolphins’ facility, an $80,000 Escalade for his mom and a $10,000 Rolex for his dad.
“I would say I’m happy with what I spent it on,” Tagovailoa said.
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Posted on 9/28/20 at 11:35 am to Bench McElroy
That's a good plan if he can stick to it. Won't be long before his 147 family members come out the woodwork asking for money though.
Posted on 9/28/20 at 11:36 am to Bench McElroy
Sounds like a smart move.
Posted on 9/28/20 at 11:37 am to Bench McElroy
Awesome to hear
The horror stories you hear about guys going broke should scare a lot more of these NFL guys than just the handful you hear about
The horror stories you hear about guys going broke should scare a lot more of these NFL guys than just the handful you hear about
Posted on 9/28/20 at 11:38 am to Bench McElroy
is this where we speculate he is injured and will never fulfill the rookie contract?
Posted on 9/28/20 at 11:38 am to sweetwaterbilly
quote:
Won't be long before his 147 family members come out the woodwork asking for money though.
That’s a good point. Tua might be making this announcement publicly to get the leeches off his back.
Posted on 9/28/20 at 11:42 am to Bench McElroy
quote:
That’s a good point. Tua might be making this announcement publicly to get the leeches off his back.
Think it was Bill Parcells who used to tell all his rookies to live off the interest from their rookie contract and put the rest away. That was back when advertisement money was nothing compared to today, too.
Tua seems like a good kid with a good head on his shoulders. I just hope he is able to tell people no and doesn't let them take advantage.
Posted on 9/28/20 at 11:46 am to Bench McElroy
Someone watched Browns Hard Knocks
Posted on 9/28/20 at 11:47 am to Bench McElroy
By savings, he means his dad is taking it.
Posted on 9/28/20 at 11:48 am to Bench McElroy
He's probably still got some money saved up from his time at Bama as well.
Posted on 9/28/20 at 11:49 am to Bench McElroy
Good for him...smart move
Posted on 9/28/20 at 11:50 am to xenythx
Posted on 9/28/20 at 11:50 am to Bench McElroy
That’s what Marshawn Lynch did as well.
Posted on 9/28/20 at 11:50 am to Bench McElroy
Think Burrow has said the same thing
Posted on 9/28/20 at 11:52 am to sweetwaterbilly
quote:
That's a good plan if he can stick to it. Won't be long before his 147 family members come out the woodwork asking for money though.
If Gronk can do it, Tua certainly can
Posted on 9/28/20 at 11:53 am to sweetwaterbilly
That part has been happening since they realized he was good at football. And he likely will take care of his family and pacific family as a whole and there's nothing wrong with that. It's a closer, tight knit culture among islanders.
Posted on 9/28/20 at 11:55 am to wildtigercat93
quote:
If Gronk can do it, Tua certainly can
My buddy has a theory that Gronk is legally mentally handicapped so his parents' have power of attorney and keep his money safe
And he tells people this like it's fact and not his theory when the topic of Gronk's money comes up.
Posted on 9/28/20 at 11:56 am to Bench McElroy
Burrow already said he was doing this
Posted on 9/28/20 at 11:58 am to lsufanva
quote:
That part has been happening since they realized he was good at football. And he likely will take care of his family and pacific family as a whole and there's nothing wrong with that. It's a closer, tight knit culture among islanders.
Not really anything wrong with taking care of entire family.
It really doesn't need to take that much money to do that even.
Problem us when you start entertaining your family's terrible business ideas only possible with your money. And buying 500k cars worth 200k after three years.
With 15 million after taxes you don't have to worry about anything again if you just live ridiculously instead of outrageously
This post was edited on 9/28/20 at 11:58 am
Posted on 9/28/20 at 12:06 pm to CatfishJohn
quote:
My buddy has a theory that Gronk is legally mentally handicapped so his parents' have power of attorney and keep his money safe
And he tells people this like it's fact and not his theory when the topic of Gronk's money comes up.
I know way too many people who are like your buddy. I love being like “yo that’s not actually true you know that right” 
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