Blake Martinez

[Heyjoe4]

Super....now do that on a person making around $50k-80K per year. We should then talk about how their savings can be lost too.

Sorry, but I just find it comical that people wring their hands over an NFL player not being paid enough, because "x and y could happen to him". I don't feel sorry for any person that makes millions in the NFL and then can't retire quite comfortably on it, at the age of fricking 28.

I also don't feel sorry for players who don't make it beyond a tryout contract, an UDFA, a 7th round pick that gets cut, etc. You made a good run at a profession, didn't make it, now go find something to do, that supports you and your family.

I agree with you 100%. I was a financial advisor and would get frustrated to see young people throw away their money and make bad use of credit cards. They would find themselves hopelessly stuck with a lot of very expensive debt.

I advised them to never use a credit card without the money in the bank to pay it off in full every month.

It doesn't really take a lot to become a millionaire with a decent paying job and the discipline to save and to invest wisely (or, back in the day, to hire me). Most people should be able to retire in their 50s.

You'd be amazed at what investing over time on a regular basis (technically, it's called dollar cost averaging) adds up to in 30 years.

Anyway, back to the topic. Yeah the guys who even get to try out for an NFL team are very fortunate. And given the ravages of CTE, maybe they're better off using their degree, or finishing their degree, and getting a decent, non-contact job.

 

[Pokerbrat2000]

I agree with you 100%. I was a financial advisor and would get frustrated to see young people throw away their money and make bad use of credit cards. They would find themselves hopelessly stuck with a lot of very expensive debt.

Yup and that was the point I was trying to make. Whether you make $5 M in a year or $50 K, it comes down to how you handle your money. I can think of investments and expenses, that could sink either of those salaries very quickly. Maybe going from college, where you may not even have a paying job and making millions, is a bigger change than making thousands, but it is just different economies of scale.

I remember reading an article about Jordy Nelson after he retired. The guy went back to farming in Kansas and modest living. Guessing the guy has most of the money he made in the NFL, tucked away and safe for more than a few lifetimes.

 

[Heyjoe4]

Yup and that was the point I was trying to make. Whether you make $5 M in a year or $50 K, it comes down to how you handle your money. I can think of investments and expenses, that could sink either of those salaries very quickly. Maybe going from college, where you may not even have a paying job and making millions, is a bigger change than making thousands, but it is just different economies of scale.

I remember reading an article about Jordy Nelson after he retired. The guy went back to farming in Kansas and modest living. Guessing the guy has most of the money he made in the NFL, tucked away and safe for more than a few lifetimes.

Jordy is the perfect example of the millionaire next door and no one knows he's a millionaire. Well, he's a multi-millionaire.

 

[longtimefan]

He'll also get his NFL pension for life, too.

And 401k if he took it

His pension is about 50k

 

[rodell330]

Bye Savage. Ford has made more plays in one half then Savage has made all year.

 

[Heyjoe4]

Bye Savage. Ford has made more plays in one half then Savage has made all year.

Makes me wonder how the coaches evaluate talent. And Amari Rodgers fumbles the 4th time. Why is he in uniform?

 

[Deleted member 6794]

Bye Savage. Ford has made more plays in one half then Savage has made all year.

Once again, Savage is under contract for next season at a fully guaranteed $8 million. He's not going anywhere.

 

[Pokerbrat2000]

For those worried about Blake or other NFL players that retire from the NFL and can't support themselves, look what Blake is doing now. As the article said, selling one card more than doubled what he could have made if the Raiders kept him for the remainder of the season.

Las Vegas Raiders Player Retires from NFL After Selling Rare Pokemon Card

www.msn.com

 

[I asked LT to delete my acct]

And 401k if he took it

His pension is about 50k

They get a pension too ??

 

[Heyjoe4]

They get a pension too ??

They do Bill. They have to play a certain number of years. The pension is about $50k/year. If they actually need that pension, well they have bigger problems.