Re: What about Christian

Lonnie Utah said:

Contrary to what Dave Ramsey says, 1 million dollars is NOT life changing money. Particularly if you're 22 years old. It's a nice cushion, but you'll still have to work. 10-20 million that's stepping off money.

So your argument now is that these guys should not have to work after a football career - be that NFL or college?

I usually don't get into spats on Tigernet but a $1 million (and the projected higher draft pick players get considerably more than $1 million - more like $5 million and up to $10 million according to the Greenville News article) lump sum payment to a 22 year old affords them opportunities the average 22 year old college graduate does not have. If asked, I bet most 22 year olds will tell you that a $1 million lump sum payment would be a life changer for them.

No one, not even great football players like Christian Wilkins, is promised to live beyond the current day much less a life without work. For most folks, $1 million is life changing money because it allows them the freedom to seek opportunities they would not otherwise have. Does it promise one a life without work? No - but neither does $20 million in the hands of someone who does not know how to manage it.

Lonnie Utah

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Sep 26, 2018, 8:58 AM [ in reply to Re: What about Christian ]

HittingBallsMakingLaws said:

Of course it's "life changing". I think he's just making the argument that the insurance policy peanuts compared to 1st round NFL money or at least a 5-10 year NFL career.

$1 million is a decent retirement fund, but NFL money is a retirement fund in which you can live in relative luxury for retirement.

Specifically, the insurance policy doesn't seem like THAT big of a factor with players staying.

That's exactly the point I'm trying to make.

Look at Marcus Lattimore for an example (the only player I know that had to make use of the NCAA insurance policy). He was injured, twice, and had an insurance policy of greater than $1,000,000. He was drafted by the 49'ers, stayed on a few seasons but never played in a game. I think his salary from the 49'ers was 400K or so each year. He still ended up having to coach high school football, even with the insurance money and his NFL salary.

Contrast that to a 4 year rookie contract for a 1st or 2nd rounder. Even those or 3-4 times what the insurance policy will pay you. If you can make it those 4 years, you stand to make bank in your second contract.

We've always been told, and always thought $1,000,000 is a lot of money (and it is), but in today's economy it's not the same as it used to be.

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What about Christian