Tashard Most Overrated Back in Draft?

odw said:
per ESPN.

Now let's turn to pensions, and first consider the regular pensions for which all former NFL players are eligible. The pension deal for current players, spelled out here and here, is excellent. Beginning at age 55, current players will receive $5,600 per year for life, per NFL season played. So the average player who's in the league three seasons will get a $16,800 annual pension; a five-year performer gets a $28,000 pension and a 10-year veteran gets $56,000 annually. The start year of 55 is sooner than most corporate and public-sector pensions. And the key point is that they are pensions for only a few years of employment.
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The deal they have in place now is much better than when I played. I haven't looked into mine but a few years ago at at age 55 I believe I had about 1500 a month coming to me.
 
The start year of 55 is sooner than most corporate and public-sector pensions. And the key point is that they are pensions for only a few years of employment.
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True, but the kicker is there are few if any professions that take a lifelong physical toll the way NFL football does.

John, correct me if I'm wrong, but most former players I know have some level of disability.
 
refrigeratormover said:
The deal they have in place now is much better than when I played. I haven't looked into mine but a few years ago at at age 55 I believe I had about 1500 a month coming to me.
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18k/year. Party like a Kennedy at RM's house. All the Arrow brand liquor you can handle.

I thought Ditka and company were getting some headway and the NFL had agreed to kick in for insurance.
 
Thats bull****. Plain and simple. I know this is neither the time nor place, but I am sick and tired of hearing about how NFL players get treated like crap.

NFL athletes are paid MILLIONS per year to do something they LOVE. Is it not the athlete's responsibility to SAVE some of the money for future planning? If a nameless player is paid $2 million per year, and puts $500k into an interest bearing savings account, would it not produce enough money to EASILY retire off of?

Of course it would.

It's nothing but complete and utter bull**** to say that pro athletes of ANY KIND are financially mistreated.
 
gsu_paintballer said:
Thats bull****. Plain and simple. I know this is neither the time nor place, but I am sick and tired of hearing about how NFL players get treated like crap.

NFL athletes are paid MILLIONS per year to do something they LOVE. Is it not the athlete's responsibility to SAVE some of the money for future planning? If a nameless player is paid $2 million per year, and puts $500k into an interest bearing savings account, would it not produce enough money to EASILY retire off of?

Of course it would.

It's nothing but complete and utter bull**** to say that pro athletes of ANY KIND are financially mistreated.
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This is the dumbass post of the year so far. you sir are an idiot. I used to think you had some sense about you but obviously you are a stupid piece of dung.
 
refrigeratormover said:
This is the dumbass post of the year so far. you sir are an idiot. I used to think you had some sense about you but obviously you are a stupid piece of dung.
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Think what you want. You know more than I do from experience.

Everyone has their opinions.

Edit - Actually, ya know what. Instead of name calling, lets be men about this one, and you PM me and educate me.
 
gsu_paintballer said:
Thats bull****. Plain and simple. I know this is neither the time nor place, but I am sick and tired of hearing about how NFL players get treated like crap.

NFL athletes are paid MILLIONS per year to do something they LOVE. Is it not the athlete's responsibility to SAVE some of the money for future planning? If a nameless player is paid $2 million per year, and puts $500k into an interest bearing savings account, would it not produce enough money to EASILY retire off of?

Of course it would.

It's nothing but complete and utter bull**** to say that pro athletes of ANY KIND are financially mistreated.
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if you look back you will see that many of the guys that have been discussed were NOT paid millions, and were encouraged to play hurt and then were not taken care of after. i think its a different era now, but still the toll to pay is high, but perhaps now the reward is there. it didnt used to be. like my Grandma used to say "if i would have got the prize money for winning medals in the Olympics that they get now, id be a multi-millionaire" well, she wasnt.
 
gsu_paintballer said:
Think what you want. You know more than I do from experience.

Everyone has their opinions.

Edit - Actually, ya know what. Instead of name calling, lets be men about this one, and you PM me and educate me.
Click to expand...
There's math involved, but follow along and see if this makes sense to you.

Let's use the salaries for the Atlanta Falcons as an example: http://msn.foxsports.com/nfl/teamSalary?categoryId=67038

The current median salary is just under $458,000 / yr. That's a tidy sum, but 1/2 the players make less than that. But let's assume you're an average player, and this is what you make. You'll be in the 35% tax bracket, so your take home is already whittled down to $297,700 / yr. Then there are state taxes, health insurance, a retirement pension fund (which you can't draw on anytime soon), and probably some other deductions I haven't thought of. To make it easy, let's just call it an even $250,000 / yr.

Now assuming you're frugal with it and don't waste it on fancy cars, a big mansion, bling and women, but restrain yourself to only $50k/year in living expenses. Great, you're banking $200k / year. In 5 years you have just over $1.2M due to some savy investments.

Then you get a career ending injury at age 29. That $1.2 M isn't enough to carry you through to your golden years. In fact, you're probably now saddled with tens, if not hundreds of thousands in medical bills. And you no longer have insurance to help pay for them. Hopefully the injury isn't so crippling that it prevents you for getting another line of work.

Sure. Bitch all you want about the $8M / yr contract going to the showboating quarterback who then pisses his career away. But, we're not talking about him. We're talking about the utility players in less visible roles. The ones who's jerseys you DON'T see on the backs of bandwagon fans.
 
gt7282c@prism said:
There's math involved, but follow along and see if this makes sense to you. {snipped}

In 5 years you have just over $1.2M due to some savy investments.

Then you get a career ending injury at age 29. That $1.2 M isn't enough to carry you through to your golden years. {snipped}
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If I agree with your math up to here for arguments sake, $1.2M bankrolled at age 29 is pretty sweet. Assume you have it invested at 6% interest and reinvest half of that or 3% (to keep pace with inflation). That's a very nice supplemental income to go along with a nice free college degree or that job mixing paint at Lowe's. The only way I see you having hundreds of thousands in medical expense is if your career ending injury is something spinal cord related.

I can agree that for some, the 1-2 year stint in the NFL can be a curse; but I don't think that is supported well with the argument you laid out.
 
BuzzCzar said:
if you look back you will see that many of the guys that have been discussed were NOT paid millions, and were encouraged to play hurt and then were not taken care of after. i think its a different era now, but still the toll to pay is high, but perhaps now the reward is there. it didn't used to be. like my Grandma used to say "if i would have got the prize money for winning medals in the Olympics that they get now, id be a multi-millionaire" well, she wasnt.
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As I said earlier, I WANT to understand WHY I am wrong, if everyone says I am. Thanks for trying to help with that. I understand that things have not always been like they are now, and that's probably why

gt7282c@prism said:
There's math involved, but follow along and see if this makes sense to you.

Let's use the salaries for the Atlanta Falcons as an example: http://msn.foxsports.com/nfl/teamSalary?categoryId=67038

The current median salary is just under $458,000 / yr. That's a tidy sum, but 1/2 the players make less than that. But let's assume you're an average player, and this is what you make. You'll be in the 35% tax bracket, so your take home is already whittled down to $297,700 / yr. Then there are state taxes, health insurance, a retirement pension fund (which you can't draw on anytime soon), and probably some other deductions I haven't thought of. To make it easy, let's just call it an even $250,000 / yr.

Now assuming you're frugal with it and don't waste it on fancy cars, a big mansion, bling and women, but restrain yourself to only $50k/year in living expenses. Great, you're banking $200k / year. In 5 years you have just over $1.2M due to some savy investments.

Then you get a career ending injury at age 29. That $1.2 M isn't enough to carry you through to your golden years. In fact, you're probably now saddled with tens, if not hundreds of thousands in medical bills. And you no longer have insurance to help pay for them. Hopefully the injury isn't so crippling that it prevents you for getting another line of work.

Sure. Bitch all you want about the $8M / yr contract going to the showboating quarterback who then pisses his career away. But, we're not talking about him. We're talking about the utility players in less visible roles. The ones who's jerseys you DON'T see on the backs of bandwagon fans.
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Im quite positive the number of players bringing home $500k after federal taxes is higher than the number of players who aren't. If these numbers are kept anywhere, it would be interesting to see.

aeromech said:
If I agree with your math up to here for arguments sake, $1.2M bankrolled at age 29 is pretty sweet. Assume you have it invested at 6% interest and reinvest half of that or 3% (to keep pace with inflation). That's a very nice supplemental income to go along with a nice free college degree or that job mixing paint at Lowe's. The only way I see you having hundreds of thousands in medical expense is if your career ending injury is something spinal cord related.

I can agree that for some, the 1-2 year stint in the NFL can be a curse; but I don't think that is supported well with the argument you laid out.
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This is what I was trying to say.
 
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