BREAKING: Tee Higgins Requests Trade

[SunsetBengal]

(03-11-2024, 01:21 PM)TheLeonardLeap Wrote: That $21.8m gets hit with local, state, and federal taxes. 

Sauce Gardner was in the news when he signed his $33.45m rookie deal, and it came out he'd probably only get $17.4m of that after all the various taxes, or 52%.

You need at least $3m over a lifetime for a basic middle class life (which lets be honest, NFL players aren't going to go to a $70k/yr lifestyle) and even that's only quickly increasing with inflation. The ~$13m (we have some less taxes than NY/NJ) that Tee would see out of that isn't enough for his grandchildren to have wealth, so it wouldn't be generational but just a generation.

(03-11-2024, 01:45 PM)Whatever Wrote: So you expect the player to give full commitment while the team gives that same player a half-assed one?

The average person in the US with a bachelor's degree earns about $2.5 million during the course of their working life.  $21.8 mil is enough to support eight people at middle class income level, so Higgins, a wife, three kids, mom and dad, and maybe a nice little inheritance left over for the grandkids.  That is not generational wealth.  Thinking like that is the reason why the vast majority of lottery winners wind up going bankrupt.  Not to mention, that income is being taxed in the highest tax bracket instead of a lower one as of it has been steadily accrued over the course of one's life and the agent takes a healthy cut of it, as well.

Guys, I get it.  All I'm saying is that playing on the franchise tag isn't "chump change".  And, I will never be sympathetic to the pains of celebrities and the amount they pay in taxes.  We all have our burdens in life, being a superstar worthy of receiving a franchise tag must be a very heavy stone to drag around..