2018 NFL off-season thread: Mr. Alex Smith goes to Washington

[Michael_ Gee]

He had no problem with anyone making a ton of money. We were just wondering how you could possibly spend it, and keep your kids from growing up as spoiled rich brats.

Those who're smart don't spend it. Tell themselves they make, oh, $200K a year. The rest, conservatively invested, should provide a comfortable life for said family in the upper middle class range. Gronkowski allegedly hasn't spent a penny of salary, living off his endorsement and personal appearance money.

 

[CD Boogie]

The 49ers are complete idiots for not signing Garapolo when they traded for him. They paid through the nose because he delivered. Sign the dude when ya trade for him. heck, he wasn't even the starter when ya traded for him. He had limited leverage. They got schooled.

 

[da man]

Those who're smart don't spend it. Tell themselves they make, oh, $200K a year. The rest, conservatively invested, should provide a comfortable life for said family in the upper middle class range. Gronkowski allegedly hasn't spent a penny of salary, living off his endorsement and personal appearance money.

That'll still buy plenty of beer.

 

[QYFW]

The 49ers are complete idiots for not signing Garapolo when they traded for him. They paid through the nose because he delivered. Sign the dude when ya trade for him. heck, he wasn't even the starter when ya traded for him. He had limited leverage. They got schooled.

His agent wasn't going to agree to any deal before the season was over.

 

[Double Down]

The 49ers are complete idiots for not signing Garapolo when they traded for him. They paid through the nose because he delivered. Sign the dude when ya trade for him. heck, he wasn't even the starter when ya traded for him. He had limited leverage. They got schooled.

Zero chance his agents lets him sign a deal after the trade. It's Brady's agent, Don Yee.

 

[poindexter]

Why would the 49ers sign a long term deal without a test drive?

Its a win win for both sides.

 

[LongTimeListener]

The 49ers have like $100 million in cap space anyway. They can't spend it fast enough.

 

[poindexter]

The 49ers have like $100 million in cap space anyway. They can't spend it fast enough.

Seriously.
I swear people think winning the salary cap championship is the goal.

 

[Baron Scicluna]

He had no problem with anyone making a ton of money. We were just wondering how you could possibly spend it, and keep your kids from growing up as spoiled rich brats.

The average NFL career is roughly 3 1/2 years. Many of the players don't get to see the huge millions. If a guy manages to last four seasons at the league minimum, he makes $465,000 (Year 1), $540,000 (Year 2), $615,000 (Year 3), $690,000 (Year 4) (Source, Forbes), for a total of $2.31 million before taxes. That's not counting any signing or performance bonuses, or playoff money, or that bonus they get in the spring based upon playing time, or endorsements. They do end up with a pension later in life, a pretty good 401K plan, and some other severance pay.

So, an average, undrafted guy may net, say, $1.5 million, by the time they are done by age 26 or so, before living expenses. It's pretty good for getting a start on life (buying a non-McMansion house, finishing an education in the off-season program), but there's a heckuva physical price that they pay as well, and they don't wind up financially set for life.

 

[micropolitan guy]

Luckily my friend did much better than that, had one big (for then) contract before playing for less his last two seasons. Went back to school (different one from where he played), finished his degree and has taught in high school for the last 10 years or so. No CTE issues. Great guy, very low-key, and has some great stories. He's a big Pats' fan because he respects how they run a no-nonsense organization and don't tolerate knuckleheads, and he knew Belichick.

 

[typefitter]

Those who're smart don't spend it. Tell themselves they make, oh, $200K a year. The rest, conservatively invested, should provide a comfortable life for said family in the upper middle class range. Gronkowski allegedly hasn't spent a penny of salary, living off his endorsement and personal appearance money.

Gronk's dad, while a bit of a strange bird, has built quite a little fitness-shop empire himself—before his kid became a star. He didn't use Rob's name to build it (although Rob's name doesn't hurt now). Something like 15 locations, plus a family line of weight-lifting gear. He didn't care where any of his sons went to college, so long as it had a top business school and they enrolled in it. At least two of the boys work full-time for the family business.

I don't think Rob is bright, but his dad is no dummy when it comes to money, and my guess is that Rob isn't either, at least by proxy.

 

[heyabbott]

Maybe I've underrated Philly.