i think the avg fan is a little out of touch with how little money these guys take home...after uncle sam, agents, a home, a car, bills, living life and the fact that the avg life span in the NFL is only 3 years....how much of this is left? now keep in mind this has to last him the rest of his life.....now where does the money from healthcare come in? yea they make a lot more money than most of us will ever see but its not all unicorns and rainbows either
Oh noes!!! He an NFL player has to make a couple million last for the rest of his life, IF HE NEVER WORKS AGAIN....
The pity for rich men here is astonishing. Here's a repost of some data from another CBA thread last week.
If you read it, and comprehend, you'll see that these guys are NOT hurting for money.http://www.ehow.com/....l-players.html
What is the Average Salary of NFL Players?
By an eHow Contributor
The average NFL salary is a shade under $1.8 million in 2009, but that can be a misleading number. Less than a quarter of the roughly 1,800 NFL players make that amount, and less than half make a million dollars per season. In reality, the NFL isn't nearly the "easy money" venue that many fans think. The majority of players never even see a million dollars for their career. Yet, a select few do end up quite rich.
The Base Salary
1. The league minimum is $295,000, according to the NFL Players Association. That money is guaranteed for any player who is on an active roster for at least three games.
The Average Base Salary
2. The average base salary was $990,000, but players can make much more money than that, according to a analysis of NFL salary databases.
The Average Signing Bonus
3. Signing bonuses are the ways that most players make their money. The average signing bonus for all players is $1.34 million, which is a large number considering that almost 600 players don't have one in their current contract.
4. Players can sign various other bonuses into their contracts, which unlike signing bonuses, count as part of the total salary. That average was $440,000 during the 2008 season.
Salaries Per Team
5. The Tampa Bay Buccaneers spent a little more than $1.4 million per player in the 2008 season. That included 37 players making more than $1 million. The Green Bay Packers had the lowest median average at $640,000.
Now this is the part that makes me LOL, and shows media bias for the NFLPA...
The Fine Print
6. While many of the salaries look gigantic compared to the average paycheck, these are not guaranteed. That means the money vanishes as soon as a player is cut, retires or leaves the team.
Yes, as soon as they hang their cleats up for the last time, a magical money gremlin appears before them, kicks their asses, takes their wallet and empties every ATM statewide cleaning out their bank accounts.
Now... lets talk about reality... and what this kind of money really IS if properly managed.
If the player was diligent and saved up just a quarter of that $990,000 per year each monthly check, that's $20,625 a month. (Consequently, he would have had about that much to live off of while he's playing, after taxes).
Each month, he deposits that money into an IRA. If he retires after just THREE YEARS, and doesn't work again, he can withdraw $5000 a month to live off of for 16 YEARShttp://www.planningt....Calculate.y=16
Yeah... that's not "vanishing" overnight. The media and the NFLPA is so full of crap. $5000 a month to live off of is way
above poverty ($60,000 a year)
And this is just an IRA. There are much more aggressive investment options out there that can yield higher payouts.
Keep in mind... that's if he never works again, isn't married or has a partner that doesn't work.