Pats Sign DL Deaderick

[Deus Irae]

Haha, I'm sorry, but no. The NFL contract is 4 years for 1.8 million, or whatever it actually is. Not 18 years long, four years long. If you make 1.8 million in four years - and invest wisely - you're better off than most people.

Yes, if you completely ignore the reality of taxes, loss of career (usually in less than 3 years for low round picks), and living a lifestyle that adjusts at least somewhat to your income (something the vast majority of people do, even the "wise" ones), you can gripe about a player making his money or play the "he's not deserving of my sympathy" game. The reality is that every job in the world save the lowest paying has that built in to it.

By the way, all those players who invested in the stock market and real estate were probably thought to be investing "wisely" before those markets crapped the bed.

 

[smg93]

Yes, if you completely ignore the reality of taxes, loss of career (usually in less than 3 years for low round picks), and living a lifestyle that adjusts at least somewhat to your income (something the vast majority of people do, even the "wise" ones), you can gripe about a player making his money or play the "he's not deserving of my sympathy" game. The reality is that every job in the world save the lowest paying has that built in to it.

By the way, all those players who invested in the stock market and real estate were probably thought to be investing "wisely" before those markets crapped the bed.

Everyone pays taxes, even the guys who make 40k a year. These guys also usually have money invested in funds that have since lost significant value. Are you really trying to argue that Deaderick doesn't have a signifcant advantage over the guy who makes 40k a year?

 

[lillestroom]

Weston is also in competition for the same roster and Practice Squad spots as Richard, Deaderick and Pryor.

I seriously do not have Pryor on the PS.

I have him in my 53, by quite some distance...

 

[Deus Irae]

Everyone pays taxes, even the guys who make 40k a year. These guys also usually have money invested in funds that have since lost significant value. Are you really trying to argue that Deaderick doesn't have a signifcant advantage over the guy who makes 40k a year?

1.) The higher the income bracket, the bigger the tax bite. And, no, not everyone pays taxes. Here, check this out, just regarding federal income taxes:

http://www.taxfoundation.org/publications/show/25962.html

2.) Anyone with even rudimentary knowledge of how the NFL works, and the ability to logically apply that knowledge, would make the argument that a 7th round pick does not have a significant lifetime advantage over a guy making 40K a year at the start of his career. Oscar Lua, Mike Elgin, Bo Ruud (6th round), Andy Stokes, Christian Morton..... These are just some of the guys who could explain it to you.

 

[smg93]

1.) The higher the income bracket, the bigger the tax bite. And, no, not everyone pays taxes. Here, check this out, just regarding federal income taxes:

The Tax Foundation - Record Numbers of People Paying No Income Tax; Over 50 Million "Nonpayers" Include Families Making over $50,000

2.) Anyone with even rudimentary knowledge of how the NFL works, and the ability to logically apply that knowledge, would make the argument that a 7th round pick does not have a significant lifetime advantage over a guy making 40K a year at the start of his career. Oscar Lua, Mike Elgin, Bo Ruud (6th round), Andy Stokes, Christian Morton..... These are just some of the guys who could explain it to you.

Oh please. Stop with the link about people who don't pay taxes. Most everyone who makes 40k a year does pay taxes whether it's withheld at source or after filing a tax return. Besides, if you bothered to read my earlier post, I already pointed out that after taxes, he still makes about a million dollars.

As for "rudimentary knowledge", Anyone who isn't totally mathematically challenged can figure out how many years it'll take a guy making 40k a year to make 1 million dollars.

 

[Deus Irae]

Oh please. Stop with the link about people who don't pay taxes. Most everyone who makes 40k a year does pay taxes whether it's withheld at source or after filing a tax return. Besides, if you bothered to read my earlier post, I already pointed out that after taxes, he still makes about a million dollars.

Your comment:

Everyone pays taxes, even the guys who make 40k a year

You were wrong. Trying to twist that around to me rather than admitting your mistake just makes your argument that much weaker.

As for "rudimentary knowledge", Anyone who isn't totally mathematically challenged can figure out how many years it'll take a guy making 40k a year to make 1 million dollars.

Again, if you ignore the reality, and you ignore what's been mentioned in other people's posts, you can come up with all sorts of amusing claims.

So, let's just cut to the chase here...

What percentage of 7th round picks make 1.8 million pre-tax dollars or more in their NFL careers?


Also, what percentage of people who start out at $40k remain at $40 k for their lifetimes?

 

[TheComeback]

You were wrong. Trying to twist that around to me rather than admitting your mistake just makes your argument that much weaker.

Um, what's your point? There are people in every income bracket who don't pay taxes.

 

[Deus Irae]

Um, what's your point? There are people in every income bracket who don't pay taxes.

Points seemed pretty clear to me.

1.) Higher tax bracket = higher taxes (response to whining about average person)

2.) Not everyone pays taxes. (response to claim that everyone pays taxes)

 

[italia44]

:deadhorse:NEWS FLASH:Man bites Dog!

........cueing Deus in 3.....2.....1

 

[Ring 6]

Haha, I'm sorry, but no. The NFL contract is 4 years for 1.8 million, or whatever it actually is. Not 18 years long, four years long. If you make 1.8 million in four years - and invest wisely - you're better off than most people.

I said a 22 year old who makes 1.8 mill in his first 4 years of work cant retire. I didnt say he can't invest it wisely and be in good financial shape.
I was responding to the idea that those 4 years would set him up for life.

Break it down. Lets be generous and say he gets to keep 1mill out of the 1.8 after taxes, again making the HUGE assumption he has a 4 (or even 1) year career.
He wants to buy a house, right? Lets say he doesnt go nuts and pays $300,000 for a house to live in for many years and raise a family.
700k left
Now he must buy a car. He must furnish the house. I find it hard to believe a 22 year old who just signed a 1.8mill contract buys a Buick, but lets just say all that is only 50k.
Most NFL players in some way spend money on their family (buy mom a house or a car, etc) Lets call that 50k.
600k left.

Deadrick also has to LIVE and pay his expenses each month for those 4 years. I will ignore the fact that you run with a crowd where the top players make 10 mill a year, and say he only spends 50,000 a year on various expenses. (In reality its probably 5 times that for 80% of the players) 50000x 4 is another 200k.

So at age 26 his career is over, he lived frugally owns his house and has $400,000 in the bank.

Anyone who thinks he can retire on that is either out of their mind, still lives with Mom and Dad or has never raised a family.
If we assume he has started a family by then, if he tries to retire on it he is broke by 30.

Sure, he will have a house and some money in the bank, but he also will be going from a 400k a year income to an immediate drop to what? 50,000? He will be an entry level 26 year old in whatever field he got his degree in, if he got one.

In the end, IF he is disciplined, if he sticks for 4 years, he will have a decent house in a nice neighborhood, will have lived pretty well for 4 years, can go find a job and will have his kids college money saved.

 

[PatsWickedPissah]

In the end, IF he is disciplined, if he sticks for 4 years, he will have a decent house in a nice neighborhood, will have lived pretty well for 4 years, can go find a job and will have his kids college money saved.

And that's optimistic. My brother in law was a 3rd round pick for the Bills. Married and pissed away his signing bonus on a BMW, fancy high rent apartment and high living which would have bought him a house at the time. Couple decades later he's been on the edge of poverty since with his wife making the family income. Guess not everyone is prudent with money.

 

[Kontradiction]

I don't know. I always thought Deaderick was a steal where the Pats drafted him. I thought he was going to go a few rounds earlier. I think he might turn into a decent role player.

I'm actually hoping that he'll grow into a starter at some point. Saban's 3-4 is EXTREMELY similar to Belichick's 3-4. Deaderick already has extensive knowledge of the system and his assignments. It's just a matter of his athleticism and technique transitioning from a college level to a pro level.

 

[Ring 6]

And that's optimistic. My brother in law was a 3rd round pick for the Bills. Married and pissed away his signing bonus on a BMW, fancy high rent apartment and high living which would have bought him a house at the time. Couple decades later he's been on the edge of poverty since with his wife making the family income. Guess not everyone is prudent with money.

I just think that anyone who thinks a number with million in it means you are set for life never raised a family.
I have 3 kids, and when I add up my normal monthly household expenses, really before I buy anything more than the routine, necessit type stuff, I guarantee you I will spend well more than 1,000,000 even if they all move out at 18 and don't go to college. Thats spending, after tax money so its closer to 2mill before taxes. I absolutely guarantee you that if you handed me 1,000,000 tax free when my first child was born and I quit working, there would not be enough left to send them to college, and that is NOT with an extravagent lifestyle.

 

[Ring 6]

I'm actually hoping that he'll grow into a starter at some point. Saban's 3-4 is EXTREMELY similar to Belichick's 3-4. Deaderick already has extensive knowledge of the system and his assignments. It's just a matter of his athleticism and technique transitioning from a college level to a pro level.

Being the Devils Advocate, if he could be a good starter at some point, and with a lot of teams playing 3-4, why did no one draft him until so late?

 

[Kontradiction]

Being the Devils Advocate, if he could be a good starter at some point, and with a lot of teams playing 3-4, why did no one draft him until so late?

No clue, really. I thought he should have went a few rounds earlier. Because he didn't, I had actually forgotten about him until we did take him. My guess is because teams play more one gap than two gap, but that's just a guess.

You could have also asked that same question about Brady...

 

[Joker]

Andy, every single draft that has ever happened has had players taken too high, in hindsight, players taken too low and players not even drafted that have gone on to stellar careers.At this point, without even one preseason snap under his belt, who is to say how he'll perform or not perform? For better or worse he's our draft pick, the coach feels he'll fit the system...all that's left is the eye test...guess we'll see soon enough.

 

[Ring 6]

No clue, really. I thought he should have went a few rounds earlier. Because he didn't, I had actually forgotten about him until we did take him. My guess is because teams play more one gap than two gap, but that's just a guess.

You could have also asked that same question about Brady...

Sure. I was hoping you would give an explanation that seemed more consistent with a late pick that makes it than one that doesn't.
Nagging injuires Sr year as opposed to takes plays off and struggles against bigger college OTs.....

 

[Ring 6]

Andy, every single draft that has ever happened has had players taken too high, in hindsight, players taken too low and players not even drafted that have gone on to stellar careers.At this point, without even one preseason snap under his belt, who is to say how he'll perform or not perform? For better or worse he's our draft pick, the coach feels he'll fit the system...all that's left is the eye test...guess we'll see soon enough.

Agree with all of that, but Kontra has high expectations so I thought he may have insight why Deadrick is more likely than guys picked so late to make it.

 

[Kontradiction]

Sure. I was hoping you would give an explanation that seemed more consistent with a late pick that makes it than one that doesn't.
Nagging injuires Sr year as opposed to takes plays off and struggles against bigger college OTs.....

In the games I saw him play last year, he didn't seem to struggle against opposing OT's. Especially not against Florida. So I don't think that would be it. Whether or not he took plays off would be best for an Alabama fan to answer. But I was impressed with what I saw. Word coming out of the draft was that he had some character concerns. The only thing I can see is that he got shot while trying to stop somebody from carjacking him. That doesn't really count as a character concern to me, but meh.

 

[Ring 6]

In the games I saw him play last year, he didn't seem to struggle against opposing OT's. Especially not against Florida. So I don't think that would be it. Whether or not he took plays off would be best for an Alabama fan to answer. But I was impressed with what I saw. Word coming out of the draft was that he had some character concerns. The only thing I can see is that he got shot while trying to stop somebody from carjacking him. That doesn't really count as a character concern to me, but meh.

OK. I was just curious what you may know, not trying to hol you accountable to knowing everything about the guy to back up an innocent comment. Thanks for the feedback.