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To: Leaning Right

We see these big $$$ contracts in sports, all sports, from an outsider’s point of view.

They don’t get that $$$ in total. Uncle Sam gets a huge chunk right off the top, about 40%. Then the states and cities that the PLAY IN, not live in, gets their share when they come to town. Then, the state and municipalities they actually live in gets their cut. And their agent gets his 10-15% cut. So in the end he didn’t actually get $17 million, he got about a third of that........................


10 posted on 12/20/2023 5:26:16 AM PST by Red Badger (Homeless veterans camp in the streets while l aliens are put up in hotels.....................)
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To: Red Badger

Certainly something like that....although after eight seasons he should have been all set, or at least you and I probably would have been. Too many of these players don’t manage their money and the running back position isn’t the longest career. It’s my understanding that the average players’ career is just 2.5 years. That also considers those that often play well over 10 years (QB’s, kickers, ...). So I can see how this happens over and over...they get in the NFL thinking “I’m rich” and immediately spend that way. Then the supply stops suddenly and they’ve no plan.


20 posted on 12/20/2023 5:35:59 AM PST by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Red Badger

I’d think that I could manage to get by very comfortably on $6,000,000 without touching the principle.

But then, I’m not a thug with a posse to pay for


23 posted on 12/20/2023 5:42:03 AM PST by cyclotic (Don’t be part of the problem. Be the entire problem)
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To: Red Badger
We see these big $$$ contracts in sports, all sports, from an outsider’s point of view.
...
They don’t get that $$$ in total.


Not quite. It's the same for most everyone else: you get paid $60M at your job. You still give Uncle Sugar his cut, pay your local taxes, and give some to the people that perform services for you, like cutting your yard. The only difference is most people don't have to deal with travel jurisdictions trying to take a chunk. Oh, and he's working with $17MM instead of your $60M.

He's still taking home quite a lot more than you are, and is still somehow broke enough to be robbing gas stations.
72 posted on 12/20/2023 9:45:46 AM PST by Svartalfiar
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To: Red Badger

73 posted on 12/20/2023 9:47:23 AM PST by dfwgator (Endut! Hoch Hech!)
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