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.

Yeah, I've given some though to that whole "generational wealth" thing that they only have a "short time" to earn.  I think that's bullshit.  Even the NFL minimum (around $900,000) is about 15X the average ($60,000) salary for a typical American worker.  If a rookie makes it to the NFL and lasts at least 2 seasons, they will have earned as much as the typical American worker over a 30 year career.

You talk about all the billions that the NFL generates, big deal.  Most companies and corporations that most Americans work hard for, for peanuts in comparison, also make absurd amounts of money.  Just like VPs and CEOs make 20-30X what a line worker makes, the NFL provides that for even the average of their employees.  If an athlete completes a rookie contract and isn't set for life?  That sounds like his own problem, and not the league's.  Just like the Superstar who might have a career ending injury, if he made XX million on the year before, he is also set for life.  They all know going in that the NFL is a fleeting thing for most and that if you stick around your body will be not the same.  They also had plenty of education and coaching along the way to let them know to prepare themselves for a life other than football.