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re: Odell Beckham Jr. talks about the struggle of living on a 5-year $100 million contract
Posted on 12/2/25 at 8:15 pm to Howyouluhdat
Posted on 12/2/25 at 8:15 pm to Howyouluhdat
quote:
It’s not at all because that’s not how taxes work. They literally take it from you before it hits your account
0
Posted on 12/2/25 at 8:22 pm to RLDSC FAN
OBJ is making the point that I make on here often, and that is that $60 million is not infinity. And these athletes and movie stars are mostly not as rich as people think they are. A guy like OBJ can live a very nice life, but he can’t have a jet or a really big yacht. I think that’s what he was trying to say, that an athlete in that situation can’t keep spending like he’s a worth $300 million or he’ll be busted flat.
Posted on 12/2/25 at 8:26 pm to StringedInstruments
quote:
$100 million.
You could set aside $5 million in a safe index fund and then go ham with the $95 million with wild parties, real estate, risky investments, cars, and jewelry. You might become a billionaire or lose it all.
Then have the $5 million fall back to enjoy a life luxury and ease forever.
$5 million gives you a life of luxury? It could yield about $200,000 per year in income, which would probably be $160,000 per year after paying capital gains.
This post was edited on 12/2/25 at 8:27 pm
Posted on 12/2/25 at 8:27 pm to Penrod
quote:
$5 million gives you a life of luxury? It could yield about $200,000 per year in income, which would probably be $160,000 per year after paying capital gains
That’s loaded for Ascension Parish where most of these idiots live
Posted on 12/2/25 at 8:29 pm to RLDSC FAN
I guess OBJ never learned to read the room at LSU.
Posted on 12/2/25 at 8:30 pm to RLDSC FAN
The problem these guys have is they don’t invest money. They have no more business sense than a McDonald’s fry cook and suffer from the same type of instant gratification thinking and not long term thinking.
Give me 100 million and I’ll have everything I want and still grow my wealth. Invest half of it at a 10% annual return and that’s 5 million a year. Reinvest half of your annual returns and use the rest for living expenses and property taxes/property maintenance. Use the other half to buy assets that largely don’t depreciate. Less than 10% of that 100 million should be blown on depreciable assets like fancy cars and boats. The biggest mistake these athletes make is buying assets without knowing the cost to maintain them, and giving too much to family to take care of them.
Give me 100 million and I’ll have everything I want and still grow my wealth. Invest half of it at a 10% annual return and that’s 5 million a year. Reinvest half of your annual returns and use the rest for living expenses and property taxes/property maintenance. Use the other half to buy assets that largely don’t depreciate. Less than 10% of that 100 million should be blown on depreciable assets like fancy cars and boats. The biggest mistake these athletes make is buying assets without knowing the cost to maintain them, and giving too much to family to take care of them.
Posted on 12/2/25 at 8:32 pm to Penrod
quote:
$5 million gives you a life of luxury? It could yield about $200,000 per year in income,
Lol wut?
5 million with a conservative finacial guy should average 5-10% return which is more like 400.
And a good financial guy can make that mostly tax exempt.
If you cant live on that then you have problems
Posted on 12/2/25 at 8:34 pm to Cosmo
quote:
5 million with a conservative finacial guy should average 5-10% return which is more like 400.
And a good financial guy can make that mostly tax exempt.
No they can’t
Posted on 12/2/25 at 8:34 pm to Cosmo
quote:
Lol wut?
5 million with a conservative financial guy should average 5-10% return which is more like 400.
Typically one assumes an 8% return and half of that reinvested to maintain the value of the investment in real dollars. An actual pretax income of 4% is reasonable. If you are old, like me, you can go with 5% and if the portfolio loses some value then it will be gradual enough to outlast me. But in the case of 35 year old former athletes, they should not take more than 4%.
This post was edited on 12/2/25 at 8:37 pm
Posted on 12/2/25 at 9:00 pm to deltadummy
quote:
No, literally not lost. Everyone knows it's not 100 million.
I’ve already had like 8 people in this thread not understand how nfl contracts work. Pipe down little bro.
Posted on 12/2/25 at 9:01 pm to Mingo Was His NameO
Retard alert. Dr. Mingo is wrong again. Tax exempt municipal bonds are at 4.6%. Equivalent of 6 to 7% depending on someone's tax bracket.
Posted on 12/2/25 at 9:18 pm to TheOcean
quote:
Retard alert. Dr. Mingo is wrong again. Tax exempt municipal bonds are at 4.6%. Equivalent of 6 to 7% depending on someone's tax bracket.
So zero cash flow and not 10%. Got it
You’re a sad dude. Make all that money and so fricking lame no one will even use you for your money
Posted on 12/2/25 at 9:54 pm to RLDSC FAN
What about all his endorsement deals? OBJ signed the most expensive Nike deal for an NFL player, a 5-year contract that would see him earn upwards of $29 million.
Besides Nike, Beckham Jr. has also worked with the likes of EA Sports, Dunkin' Donuts, Head & Shoulders, Foot Locker, Lenovo, and Steiner Sports.
Besides Nike, Beckham Jr. has also worked with the likes of EA Sports, Dunkin' Donuts, Head & Shoulders, Foot Locker, Lenovo, and Steiner Sports.
Posted on 12/3/25 at 12:02 am to phutureisyic
He can't collect his NFL pension until 55. Might ve homeless by then.
Posted on 12/3/25 at 12:12 am to JohnnyKilroy
Josh Allen contract was 75% guaranteed. 250 of it was guaranteed. So you are probably wrong about the other ones too.
Posted on 12/3/25 at 1:33 am to RLDSC FAN
quote:
Odell Beckham Jr. talks about the struggle of living on a 5-year $100 million contract
anyone with any good sense or even just an IQ above room temperature would be set for life with a $100 million dollar contract. regardless if that contract is for 5 years, 1 year, 10 years, 50 years.
some people are just stupid.
Posted on 12/3/25 at 1:47 am to ZIGG
OBJ signing bonus for his rookie contract he could be set for life.
$5.9mil. after tax lump sum $3mil in 2014?
$5.9mil. after tax lump sum $3mil in 2014?
Posted on 12/3/25 at 2:11 am to StringedInstruments
you totally ingnored taxes, but I still agree
Posted on 12/3/25 at 5:11 am to RLDSC FAN
Evidence of being a dumb arse... it's the culture I don't have any sympathy for any of these guys
Posted on 12/3/25 at 7:12 am to holdmuh keystonelite
I’m going off sportrac’s numbers.
330 total value with 147 guaranteed at signing.
330 total value with 147 guaranteed at signing.
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