11-16-2021, 09:37 AM
(11-15-2021, 09:27 PM)TheLeonardLeap Wrote: You're honestly trying to spin $6.8m as not much money? Child please.
You're also acting like the NFL is his ONLY source of income right now as if zero endorsement or appearance money has been made at all.
Not to mention that all of your nonsensical numbers is based off the fact that he just stuffs the money into a mattress rather than even safe investments.
On top of all of that, he has already qualified for an NFL pension because that only takes 3 credited years in the NFL to qualify for. So once he's 55 he'll be getting yearly checks from that as well.
He only has $6.8m, plus endorsement money, plus a pension, and in this theroetical situation where he can play 0 more games suddenly and it keeps him from being capable of working he would have access to NFL disability of up to an extra $135k/yr. How could he possibly ever survive? Poor him.
So let's look at that. 6.8 million is most likely taxed in the highest bracket of 37%. His agent gets %3 percent, so there's 40% for his agent and just Federal taxes, which leaves him with just a little over 4 million. Next, add in Ohio tax, which I haven't lived there since 1986 so I'm not sure what the rates are there, but I'm sure the state and locals are taking a nice chunk as well. 4 million is a lot of money, but it is not the kind of money a professional athlete is looking for to get him through the rest of his life and provide for his family. I don't see Jessie Bates in a whole lot of endorsement commercials, and most people outside of Cincinnati have no clue who he is, so his endorsement deals are probably relegated to the same shoe deals, etc, every player gets, and probably do not amount to all that much for him. He'll survive alright, it's obvious any NFL player would be looking for the big contract.
