A-DCProf Wrote:
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> Rest in Pieces Wrote:
> --------------------------------------------------
> -----
> > stupid money Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > "why do so many pro athletes end up broke and
> > > bankrupt?"
> > >
> > > That used to happen a lot, but not so much
> with
> > > athletes who hit their prime starting in the
> > early
> > > 2000s, when the money for pro sports got so
> big
> > > even stupid people had a tough time going
> > > bankrupt.
> > >
> >
>
http://www.firmex.com/blog/when-did-athletes-start
>
> >
> > > -getting-rich/
> > >
> > > Current average earnings, NFL: $6.7 million,
> > NHL:
> > > $13.2, MLB: $17.9, NBA: $24.7.
> > >
> > > "Robert Griffin III signed a 4 year / $21.12
> > > million contract with the Washington
> Redskins,
> > > including a $13,799,344 signing bonus,
> > $21,119,098
> > > guaranteed."
> > >
> > > I think the signing bonus is separate from
> the
> > > guaranteed contract (?). It would be damn
> hard
> > to
> > > go broke from a base of almost $35 million.
> >
> > You seem to have completely forgotten about
> Uncle
> > Sam, his agent's cut, and a money hungry wife.
>
> ...and the $3Mil house he bought in Creighton
> Farms on the new Nicklaus course. He'll get 80
> cents on the dollar reselling that customized
> home.
Three million dollar home at age 24 with year in the pros - what a dummy. With upkeep he will be selling that baby and taking a bath very soon