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re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Posted on 9/28/20 at 12:10 pm to Bench McElroy
Posted on 9/28/20 at 12:10 pm to Bench McElroy
His father will get part of that of course.
0
Posted on 9/28/20 at 12:13 pm to Bench McElroy
This really need to be a thread
Posted on 9/28/20 at 12:15 pm to sweetwaterbilly
quote:
Won't be long before his 147 family members come out the woodwork asking for money though.
Big Time Willie knows about this
Posted on 9/28/20 at 12:16 pm to Bench McElroy
If he can actually do that, incredibly awesome for him. I hope he can and I hope he hired a real financial professional and not a friend.
Posted on 9/28/20 at 12:41 pm to chew4219
quote:
That’s what Marshawn Lynch did as well.
Had not heard about Marshawn, but I know Nate Burleson never spent a paycheck during his career.
He's doing great now, so I guess it worked out for him.
Posted on 9/28/20 at 12:58 pm to Bench McElroy
Or his dad will spank him
Posted on 9/28/20 at 1:04 pm to Bench McElroy
Pretty sure Gronk did the same thing.
Posted on 9/28/20 at 1:28 pm to Porter Osborne Jr
A lot of athletes have started doing this. They're, many times, making as much or more with their endorsement deals and don't need the money from their game checks. It's smart and a wonder why it's taken this long for so many players to go that route. Hopefully, they're finally taking notice of all the literature talking about players going broke right after they're done playing.
And the poster who talked about stupid business investments for friends/family is 100% right. That is probably one of, if not the biggest way players lose all their money.
And the poster who talked about stupid business investments for friends/family is 100% right. That is probably one of, if not the biggest way players lose all their money.
Posted on 9/28/20 at 1:28 pm to Porter Osborne Jr
His dad would have rather had $10k of hookers and blow than a stupid watch.
Posted on 9/28/20 at 1:33 pm to Bench McElroy
til his accountant comes to him and says: ok.......if you put this into a savings account, the government will take 30%. so.......you have a choice.......give the government 30% or buy something for 10 million and write it off.
Posted on 9/28/20 at 1:33 pm to lsufball19
ESPN’s 30/30 called Broke was a must watch on this topic. They all have the people asking for handouts and it’s hard for them to say no.
This post was edited on 9/29/20 at 11:22 am
Posted on 9/28/20 at 1:35 pm to CatfishJohn
quote:
And he tells people this like it's fact and not his theory when the topic of Gronk's money comes up.
of course
Posted on 9/28/20 at 3:04 pm to Oilfieldbiology
quote:
I hope he hired a real financial professional and not a friend.
People say this as if these "real" professionals aren't thieves themselves.
Half the time these players end up broke os because a financial advisor robbed them blind.
Posted on 9/28/20 at 5:27 pm to lsufball19
What are some of the endorsements Tua has?
Posted on 9/28/20 at 5:45 pm to sweetwaterbilly
quote:
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.
Back then rookies QB were getting $60 million (Jamrcus) to $85 million (Bradford) rookie deals.
Matt Stafford who is 11 games under .500, never won a playoff game. Will have earned more than a quarter of billion before his 35th birthday.
Posted on 9/28/20 at 5:50 pm to TigerintheNO
quote:
Matt Stafford who is 11 games under .500, never won a playoff game.
Its almost like playing your entire career in detroit isn't a recipe for success
Posted on 9/28/20 at 6:10 pm to Bench McElroy
The Leno model. Pay attention rookies.
Posted on 9/28/20 at 6:19 pm to Bench McElroy
Burrow probably took his immediate family out to Buffalo Wild Wings to celebrate 
Posted on 9/28/20 at 7:38 pm to Bench McElroy
Shouldn't there be like 5,000 black millionaires from sports by now?
Posted on 9/28/20 at 7:39 pm to Bench McElroy
He will be supporting his brother for the rest of his life
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