Why do players care if they make say 8 million or 12 million?

50-yard-line · Mar 4, 2015

Bruins29 said:
Interesting how he was posting feverishly on the board right up until the superbowl. Then the Pats won and he disappeared- only some posts in the political forum but NOT ONE comment anywhere on the forum on the SB win. Hmmmm.

Would it surprise you that the response I got from him was the first time he mentioned anything about the big SB win?

Wouldn't surprise me at all. Threads get responses because people are interested in talking about things being discussed in the threads.

Personally, I find the relative merits/errors of hometown discounts and who should or should not take them, to say nothing of the financial sleight of hand needed for the salary cap to be fascinating.

And at least in these matters, I feel like I can contribute from both experience and understanding, as opposed to pure football discussions, where I find myself learning a lot more than I'm teaching (which is why I've come to love this place).

PatsFanInVa · Mar 4, 2015

Clonamery said:
I think because when the player counts to 12 it's more than both hands and he has to take off his shoes and use his toes so it's like "whoa!"

Not in Indy.

convertedpatsfan · Mar 4, 2015

Also, some may have missed this article back in the day.

http://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke

By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.

...

Players today would not disagree. In a survey reported by the financial-services firm Rothstein Kass in December, more than 80% of the 178 athletes polled--each with a minimum net worth of $5 million and two thirds under the age of 30--said they were "concerned about being involved in unjust lawsuits and/or divorce proceedings." By common estimates among athletes and agents, the divorce rate for pro athletes ranges from 60% to 80%.

Not saying it applies to everyone, but the majority of former NFL players struggle financially after retiring from a combination of factors like families, entourage, bad investment advice, fraud, and divorce.

So if a guy wants to go for that extra $4M, more power to him. Odds are he'll need it.

eom · Mar 4, 2015

because 4 million

james87654 · Mar 5, 2015

50-yard-line said:
After coming into a thread to tell us all how stupid we are. You didn't hurt my feelings, but if you thought your contribution somehow made this thread better, then you were wrong.

Bruins29 said:
Interesting how he was posting feverishly on the board right up until the superbowl. Then the Pats won and he disappeared- only some posts in the political forum but NOT ONE comment anywhere on the forum on the SB win. Hmmmm.

Would it surprise you that the response I got from him was the first time he mentioned anything about the big SB win?

y'all sure are sensitive

im very happy for BB

im happy for brady.....he is still elite ......i still have my doubts about his long term future (2017) with the pats......but thats a different conversation

i just thought it was obvious why a player would want 12 mil instead of 8.....or anyone for that matter

maybe its not that obvious to everyone

ausbacker · Mar 5, 2015

james87654 said:
y'all sure are sensitive

im very happy for BB

im happy for brady.....he is still elite ......i still have my doubts about his long term future (2017) with the pats......but thats a different conversation

i just thought it was obvious why a player would want 12 mil instead of 8.....or anyone for that matter

maybe its not that obvious to everyone

Fancy being concerned about a Quarterback, 37 years young and his status in 3 season's time.

Regarding your second point, if your market value is 12 million, your market value is 12 million. It's not rocket science.

wolverinejoe80 · Mar 5, 2015

difference between 12m to 8m?

4m more money in your bank.

Bruins29 · Mar 5, 2015

wolverinejoe80 said:
difference between 12m to 8m?

4m more money in your bank.

Really? I better talk to someone then. My accountant I assume? When my salary increased the amount it increased did not go into my bank.

Kontradiction · Mar 5, 2015

Bruins29 said:
Really? I better talk to someone then. My accountant I assume? When my salary increased the amount it increased did not go into my bank.

It went into your accountant's retirement fund, more than likely.

Bruins29 · Mar 5, 2015

KontradictioN said:
It went into your accountant's retirement fund, more than likely.

Well he just bought a new BMW Hmmmm

I think the point I was trying to make is that when a player goes from 8-12 mil 4 million dosent go into his bank account.

Kontradiction · Mar 5, 2015

Bruins29 said:
Well he just bought a new BMW Hmmmm

I think the point I was trying to make is that when a player goes from 8-12 mil 4 million dosent go into his bank account.

No. It usually goes to 50 or so new pairs of Jordans, a new house for his grandmother, clothes and a house for his baby mama(s), and a few new cars. That's if they're not financially prudent. If they are, it still probably goes to their families with other percentages going into investments.

Bruins29 · Mar 5, 2015

KontradictioN said:
No. It usually goes to 50 or so new pairs of Jordans, a new house for his grandmother, clothes and a house for his baby mama(s), and a few new cars. That's if they're not financially prudent. If they are, it still probably goes to their families with other percentages going into investments.

True, but a large chunk also goes to taxes. which was my orig point. Its not net salary.

Kontradiction · Mar 5, 2015

Bruins29 said:
True, but a large chunk also goes to taxes. which was my orig point. Its not net salary.

Gotcha. No disagreement there.

BradyManny · Mar 5, 2015

You are raising a separate issue, which is a very good point - that these kids who are handed a ton of money have no idea what to do with it. The NFL should be doing a lot more to protect their future and educate them on how to handle their money. But in the same way as they do with player safety, they are too busy not giving a ****. I know the Patriots and some teams are far more proactive about this thing than others.

lurker1965 · Mar 5, 2015

1) It is way to keep score. How often do you hear, "player y is better than player x but player x makes $2 million more"? Yes, it often means player "x"'s team is run by idiots.
2) A player has, what, 8 years for a career if he's good. He'll never make more and every judge bases alimony and/or child support on these years as if they will last forever. Yeah, to me and you $8 million looks like a good enough prize and we'll let the $12 million slide it is the difference between buying all your family and friends (and acquaintances) a Bentley or a Toyota.

PatsDeb · Mar 5, 2015

IllegalContact said:
bullsh*t......who is anyone to say anything about 'what is enough' or what is reasonable?

would Brady's life today be any different if he didn't get another dime from playing football? NOPE

Brady's not even the primary income-earner in his house.......if you're basing things about the certain point that becomes 'what difference does it make?', then Brady should be the first one to play for the minimum

But Brady is the exception, not the rule. Most guys in the NFL are the primary breadwinners not only for their immediate family members, but often probably extended family members as well, and once they are out of the NFL, they are never going to make that kind of $$ again.

IllegalContact · Mar 5, 2015

PatsDeb said:
But Brady is the exception, not the rule. Most guys in the NFL are the primary breadwinners not only for their immediate family members, but often probably extended family members as well, and once they are out of the NFL, they are never going to make that kind of $$ again.

I think we are on the same side of this point

eom · Mar 5, 2015

Bruins29 said:
Really? I better talk to someone then. My accountant I assume? When my salary increased the amount it increased did not go into my bank.

check your wife's bank

Why do players care if they make say 8 million or 12 million?

50-yard-line

Veteran Starter w/Big Long Term Deal

PatsFanInVa

PatsFans.com Supporter

convertedpatsfan

PatsFans.com Supporter

eom

In the Starting Line-Up

james87654

2nd Team Getting Their First Start

ausbacker

TB12

wolverinejoe80

2nd Team Getting Their First Start

Bruins29

Veteran Starter w/Big Long Term Deal

Kontradiction

On my retirement tour.

Bruins29

Veteran Starter w/Big Long Term Deal

Kontradiction

On my retirement tour.

Bruins29

Veteran Starter w/Big Long Term Deal

Kontradiction

On my retirement tour.

BradyManny

Pro Bowl Player

lurker1965

In the Starting Line-Up

PatsDeb

PatsFans.com Supporter

IllegalContact

PatsFans.com Retired Jersey Club

eom

In the Starting Line-Up

Similar threads