Bad news for Neal...(Raiders news)

[nikimcbee]

Where do I send the flowers again?
http://www.nbcbayarea.com/news/sports/Own-JaMarcus-Russells-Oakland-Mansion--117358698.html?dr

[GoldenRivet]

You see the problem is that a lot of these NFL players cannot live within their means.

He purchased the house before he even signed with the team.:06:

what a Dumb-A, what if he lost a leg in a car accident on the way to the contract signing? Then he is jobless with a $3M home

you see this sort of thing all the time. I believe the statistic is that out of all the professional sports... NFL players are many many times more likely to declare bankruptcy.

im here to tell you if i was an NFL QB making millions of dollars per year, i would be perfectly content to buy a 4-5 thousand square foot 3-4 bed room home in the country, drive a decent pickup truck and stash that money in the bank for later years.

Lets assume I'm a quarterback making $2.4M / year with a 6 year contract.

thats an earnings potential of about $14.4M if i were to not renew!!!

So here is the plan.

1. Live with the folks for year one.

2. buy that 30 acres of land at a cost of about $100K and that rural farmhouse at a cost of about $220,000.

3. Have about $2M left over from year one and move into the nice rural home.

4. save save save

assuming there wasnt a contract renewal, or i was forced to retire due to injury.. thats still about $14,000,000 in the bank.

If i were drafted out of college at 24, retired at 30... the next 60 of my life I would be living comfortably in the $200K+/year income range.



pity there are so many of these guys who dont consider such things

[mookiemookie]

He purchased the house before he even signed with the team.:06:

what a Dumb-A, what if he lost a leg in a car accident on the way to the contract signing? Then he is jobless with a $3M home

And his guaranteed $32 million. (http://articles.sfgate.com/2007-09-12/bay-area/17259855_1_russell-agent-raiders-and-russell-jamarcus-russell)

You're forgetting the fact that so many of these rookies sign huge contracts with a ton of guaranteed money (http://www.usatoday.com/sports/football/nfl/2008-04-23-first-round-money_N.htm).

[GoldenRivet]

And his guaranteed $32 million. (http://sports.yahoo.com/nfl/news?slug=jc-russellgrievance052710)

You're forgetting the fact that so many of these rookies sign huge contracts with a ton of guaranteed money.

problem is he had not yet signed a contract when he purchased the house in the story.

unless he signs the dotted line, he is just another random dude.

once the dotted line is signed, he becomes a multi-million dollar QB

[mookiemookie]

problem is he had not yet signed a contract when he purchased the house in the story.

unless he signs the dotted line, he is just another random dude.

once the dotted line is signed, he becomes a multi-million dollar QB

I see the bigger problem is that they throw stupid amounts of money at these kids before they've even taken one step on the field. He bought the house because he knew as a #1 pick, he was due a huge payday.

I'm for the players in the current labor issue, but one thing I'm against them on is the need for a rookie salary cap.

[GoldenRivet]

I see the bigger problem is that they throw stupid amounts of money at these kids before they've even taken one step on the field.

I agree there... but mainly because these kids dont know much about fiscal responsibility.

He bought the house because he knew as a #1 pick, he was due a huge payday.

The only guarantee is when the dotted line is signed. He may have been a number one draft pick, but it only takes one car accident, or something of that nature to change that in 2 seconds.

step one: sign the contract

step two: spend the money

not the other way around

[AVGWarhawk]

Russell was illegally sipping "purple drank."


Purple drank?

[GoldenRivet]

Purple drank?

who knows?

also...

mink coat?

who the hell wears a mink coat? i suppose he got himself a gold and ruby encrusted crown and a gold cane to go with it.

dont forget the platform shoes with the little goldfish swimming in the heels.

:nope:

EDIT:

google wins again >>> http://en.wikipedia.org/wiki/Purple_drank

[AVGWarhawk]

who the hell wears a mink coat

Len Bias. I went to the University of MD with him. He was a fantastic basketball player. Selected by the Boston Celtics. He had a mink coat. Walked around campus in it with two chicks on his arms most of the time. Killed himself using drugs. Baltimore Hall party went out of control. Had the world by the balls as it were. Shame really.

http://en.wikipedia.org/wiki/Len_Bias

One day I watched the MD basketball team start a pick up game with some street players. The MD players got their butts handed to them. :haha:

[nikimcbee]

who the hell wears a mink coat? i suppose he got himself a gold and ruby encrusted crown and a gold cane to go with it.



...have you met Jim:haha:

[Onkel Neal]

That's what's wrong with the NFL, rookies can get $30 million without playing a down. I am in favor of the owners, they should institute a performance based contract system. You play well, you get paid. You suck, there's always a need for busboys.

[joea]

That's what's wrong with the NFL, rookies can get $30 million without playing a down. I am in favor of the owners, they should institute a performance based contract system. You play well, you get paid. You suck, there's always a need for busboys.

Exactly. :up: Wish other sports would do the same. :hmmm:

[ReallyDedPoet]

There should be a Rookie Salary Cap, let them prove themselves in the NFL before signing them to NFL $$. You could even build in some incentives for them to earn some extra based on their performance during this time.

Build in some some guaranteed $$, a player gets hurt their career may be over,
( yes they make the decision to play with this risk ) but the team lives on and continues to make $$.