What does a 17, 18, 19 or even 20 yr player do with $1-2 Mil
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Oculus Spirit [91324]
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What does a 17, 18, 19 or even 20 yr player do with $1-2 Mil
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Jan 13, 2023, 11:42 PM
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in his bank account while his1st obligations are to his team & coaches and classes & grades b/4 giving time to a benefactor, company or alumni group that are giving him the $?
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Hall of Famer [23315]
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Pay taxes
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Jan 13, 2023, 11:48 PM
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and face the fax of having to live up to unreasonable expectations of a return on their investment whil still a teenager trying to find their way and make a name for themselves as was the original intent of this not so well thought out NIL stuff.
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All-In [26211]
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Re: Pay taxes
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Jan 14, 2023, 12:12 AM
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I can see where this can divide teammates. Some receive and some don't.
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Orange Blooded [3336]
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Re: What does a 17, 18, 19 or even 20 yr player do with $1-2 Mil
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Jan 14, 2023, 12:27 AM
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I always think back to the story of Christian Wilkins and what he did with his multiple bank accounts while playing football at Clemson. He found time to breakdown his finances and be responsible with it. Granted it wasn't a million dollars but I like to think he'd still be really responsible and smart about it.
Looking back to when I was 17-20 years old (not nearly as mature as I am now). I still would've got me a decent plot of land with a house and a decent car and figured out how to invest and make that money grow to help my immediate family. But that's me if I was being paid for playing football. I wasn't much of a "let's go out and do ridiculous things" young adult unless somebody dragged me along to it. I was much more of a "imma veg out and play video games, watch horror movies and smoke marijuana" young adult. Giving me a million dollars may or may not have changed me for better or worse at that age, we will never know though. But I like to think most of them are more focused on the bigger picture and the few that get busted seem to misrepresent the majority.
We seem to forget not everyone is the same person or does the same things as the next. Some are smart and responsible. Some aren't. Money either "speaks evil" into someone or it doesn't. One of those conundrums where it is case to case and a lot of unknowns.
Also sorry. I went on a tangent. I need to go to bed.
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CU Guru [1487]
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Cars, jewelry, weed, and hoes. But I'm just guessing.***
Jan 14, 2023, 12:28 AM
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Legend [16174]
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And the rest they would just waste***
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Jan 14, 2023, 1:02 AM
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Head Coach [783]
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Re: And the rest they would just waste***
Jan 14, 2023, 8:01 AM
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Support his mama, buy a fine SUV with fancy wheel covers and spend the rest on pot!
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Orange Blooded [4196]
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Re: Cars, jewelry, weed, and hoes. But I'm just guessing.***
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Jan 14, 2023, 1:02 AM
[ in reply to Cars, jewelry, weed, and hoes. But I'm just guessing.*** ] |
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Only if your a 13 percenter or a Democrat without any religious belief .......
Message was edited by: spiderman_x10®
Message was edited by: spiderman_x10®
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110%er [6549]
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Re: Cars, jewelry, weed, and hoes. But I'm just guessing.***
Jan 14, 2023, 6:16 AM
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Nerd alert!
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CU Guru [1453]
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Now, Bill, that’s not hard to answer……
Jan 14, 2023, 5:38 AM
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They are all knowing the next stop is the league in couple years, so the money is being blown on cars, worthless trinkets and impressing babes. Everything any normal college student spends his money on.
The vast majority will have nothing left before they finish college career.
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110%er [9015]
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Spend it and then transfer
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Jan 14, 2023, 6:23 AM
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away from the idiot “school” that gave it to them…. to the next idiot who will give them even more.
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Orange Blooded [3521]
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Re: What does a 17, 18, 19 or even 20 yr player do with $1-2 Mil
Jan 14, 2023, 8:27 AM
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Invest in bitcoins?
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Orange Blooded [4858]
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Re: What does a 17, 18, 19 or even 20 yr player do with $1-2 Mil
Jan 14, 2023, 8:35 AM
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They end up wasting it or getting fleeced by their family and friends and end up broke, just like most of the guys who play in the NFL and other pro sports.
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