Fournette knows how to spend that money

[h0llywood]

I don't get the big deal here. There are regular folks who make x10000 less than Fournette has made in just one signing bonus than we will in our lifetime and still manage to drive around nice cars and buy nice clothes without going broke.

Not sure how an expensive car for your mom who raised you is being irresponsible. If the post showed him having 20 people in his entourage and buying airplanes then I would get the point but really? He bought a car for his mom.

[h0llywood]

13 minutes ago, stbugs said:

There in lies the rub. An upper middle class person or middle class couple making let's say 100k on average will make $4.5M over their lifetime. I should be able to use that even if higher than average, it's taxed yearly at a much lower rate than Leonard's bonus. Most average people aren't spending like Leonard, but as you can see it's easy to see how athletes blow throw the money. Most average people aren't sitting on millions when they retire. Life is expensive and most middle class folks are earning in their lifetime close to what average NFL athletes earn in their career. If the athletes aren't smart and don't have post career job abilities it isn't surprising how easy it is to become broke even by just buying 100k cars for their mom. Fournette isn't making average NFL money though so he'll likely be fine.


Sent from my iPhone using CarolinaHuddle

Umm...Exactly the point. This is Leonard Fournette, not Fred Ross we're talking about here. As previously pointed out by @thebigcat, what makes spending 10-15k at a strip club less frivolous than spending money on a 60k car? Assuming the vehicle is a lease, he is paying 550 a month for the vehicle and over the course of a year is under $7,000. 

Not everyone will be broke like Vince Young and not everyone will be penny pinchers like Marshawn Lynch. 

[h0llywood]

1 hour ago, stbugs said:

My other point was that your assertion that $17M in a bonus was 10,000 more than what normal people make in a lifetime is way off. I know Fournette will be fine, because he's going to make plenty with a second contract and/or endorsements, but a later 1st round pick who doesn't get a big second deal or later round player who gets $6M in career earnings (all taxed at higher rates) isn't really making all that much more than an upper middle class person over their lifetime, who will be taxed at a lower rate. Yes, the player can make money after the NFL, but the point is that it's easy to see why a lot of athletes could easily blow through their money.

Anyone that can do math can understand that x10000 was hyperbole. 

I get you have real concerns about players going broke with their money but this whole thread being created on the notion of a player buying their mom a 60k car constitutes future signals of financial doom is far fetched.