03-11-2024, 01:52 PM
(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.
Totally disagree with this take.
Tee agrees to thr NFL contract/player rules when he becomes a union member.
He is going to get 100% of his guaranteed money based on the above mentioned agreement & figures.
No one is half assing anything. The only one who is in a position to half ass it is the player. He is guaranteed the money if he just shows up. After that, he is in control of the rest.
Your generational wealth figuring ignores investment opportunity gains from even just basic fund investments over the course of what should be the next 50 years of Tee's life.
That $21million for a starting nest egg would grow to be generational wealth over Tee's life if he just parked it somewhere. No one is spending $21m on an 8 person family without extreme spending of that money in a short period of time.
