06-05-2022, 02:06 PM
(06-05-2022, 09:37 AM)KillerGoose Wrote: It could have also been fluff for the story. Again, it's a pretty large assumption to make that Whit, who has earned over $87m in his career, is in "clear" financial distress. Even using the point you're making, you have to make large assumptions about business deals going south in order to come to your conclusion. If you're privy to the quality of his deals, then I would be interested to know. Otherwise, that's my point. I don't know why he took the one year deal. Maybe he wanted to try to swing it into one last contract here in Cincinnati. Maybe there was something going on within that time frame that really benefitted them to stay in Cincinnati. Who knows?
Keep in mind that 70% of lottery winners wind up declaring bankruptcy. There is a lot that goes into managing that kind of wealth.
As an example, one of my sister's close friends from college married an NFL player. He was never at Whit's level from a play or pay standpoint, but he played 6 years in the league. She would often tell my sister how frustrating it was trying to manage his finances so they would be set for life when his playing career ended because he would go out and blow money all the time. His mind set was that he was going to get a big next contract and he'd worry about retirement then. Most of the guys playing at the NFL level have huge egos, and everything Whit says makes it seem like he falls in this category.