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Falcons pay OL Bill Fralic $150K/yr...for life

Moorgan

By Moorgan,
in Carolina Panthers

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Udogg Enthusiast

Udogg

Posted
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So 150K for up to to this time  = 4.5 mill. the falcons have paid.

If he would have took 3 million in 85 .. put it in a modest 5% rate of return investment he would have 13 mill right now.

 

Depends on how you look at it.

 

 

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Jeremy Igo Newbie

Jeremy Igo

Posted
Posted

So 150K for up to to this time  = 4.5 mill. the falcons have paid.

If he would have took 3 million in 85 .. put it in a modest 5% rate of return investment he would have 13 mill right now.

 

Depends on how you look at it.

 

 

Maybe he knew that he wasn't disciplined at all with money and would just blow it all on hooker and blow. 

 

If so, this was a genius contract on his part. 

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Moorgan Enthusiast

Moorgan

Posted
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So 150K for up to to this time  = 4.5 mill. the falcons have paid.

If he would have took 3 million in 85 .. put it in a modest 5% rate of return investment he would have 13 mill right now.

 

Depends on how you look at it.

 

 

I don't know if that was his only compensation or if that was just one part of the deal. It's the same argument for lottery tickets...annuity or lump sum? It all comes down to how much faith/desire you have in your ability to control money.

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Udogg Enthusiast

Udogg

Posted
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Maybe he knew that he wasn't disciplined at all with money and would just blow it all on hooker and blow. 

 

If so, this was a genius contract on his part. 

My wife does financial planning and she has a few other clients that have similar situations.  The huge problem is that when he dies the money stops.  Even discounting the huge amounts of interest he could have made, if he would have god forbid been in a car accident then the money stops and the Falcons are off the hook.  If he continues to live they still don't lose because of the cash on hand they saved and most likely invested into something else that made money.

Now the fact that he is no longer playing football and he didn't have huge amounts to blow on hookers and blow probably make him less likely to die so all in all probably works out well for him.  .... The more I think about it and see all the stories about athletes being robbed by their money people this is probably how everyone's contract should be ... .

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ItsNotGonnaBeAlright Newbie

ItsNotGonnaBeAlright

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I don't know if that was his only compensation or if that was just one part of the deal. It's the same argument for lottery tickets...annuity or lump sum? It all comes down to how much faith/desire you have in your ability to control money.

The $150,000 a year for life was a bonus on top of his $8 million rookie contract, if the internet is to be believed.

He also got paid $1.6 mil for his final year in the league (with Detroit). Not too shabby for an OL 25+ years ago.

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Batman Newbie

Batman

Posted
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So 150K for up to to this time  = 4.5 mill. the falcons have paid.

If he would have took 3 million in 85 .. put it in a modest 5% rate of return investment he would have 13 mill right now.

 

Depends on how you look at it.

 

 

So he could have a 15 bedroom house instead of a 10 bedroom house, 3 vacation homes instead of 2, & 3 Ferrari's instead of 1? What's the difference? The dude is set for life. $150k annual for life is a lot of fuging money. Dude never has to save a penny for retirement because the money is never gonna stop coming. Investments & 401Ks are for people who want to retire. This dude will never retire, in the sense that the paycheck will always be there. Folks get caught up in contracts & the actual worth of athletes. It's nothing more than a game of numbers on paper for ego stroking & bragging rights. Which is why any asshat, such as Russell Wilson, who holds out & pinches pennies on a piece of paper is a POS egomaniac. A QB making $25m (4yr $100m) is no better off than a QB making $15m (4yr $60m). They are both filthy rich & set for life with equal lifestyles. It's just a fuging ego game to them. The only way it makes a difference is if they're a moron who blows every dime they have, the guy with more money will just last a little bit longer before going broke.
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Nick_81 Newbie

Nick_81

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Maybe he knew that he wasn't disciplined at all with money and would just blow it all on hooker and blow. 

 

If so, this was a genius contract on his part. 

I was watching something on NFLN the other night(can't remember the name of the special), and Fralic said that it was his dad that had the contract set up that way.  Apparently, pappa knew he couldn't handle the lump sum.

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