One can only hope so. The alternative is to go the Bernie Kosar, Warren Sapp, Vince Young, Michael Vick, Clinton Portis, et al route. All signed multi-million dollar contracts and now find themselves in multi-million dollar debt. A Sports Illustrated article reported that 78% of NFL players who are retired after only 2 years file for bankruptcy. 60% of NBA players after being retired for 5 years do the same. Reasons varied; shady investment counselors, business deals that went south, divorce settlements, and having the best friends money can buy all were significant factors in losing fortunes.
I believe the key to not going broke is: drumroll please Don’t be a dumb ass...
Run the damn ball!! PRO FBS
Undefeated vs UNI fans, BVille Libtards, Tony, Pulmonary Embolisms & Bad Vibes
If you are dumb with money when you are poor, you are dumb with money when you have some. Easton doesnt strike me as the dummy who buys 4 houses and 10 cars
Easton has played 2 years and earned 1.4 million. 560k in taxes. 840,000. Worst case;10% agent fee so hes made $756,000 in 2 years. Probably spent 50k training so $700k. That's assuming he isnt cut this year
He stands to make
850k next year
$965,000 in 2022
If he makes it through next year and is on the roster for 3 games hes eligible for the NFL pension which awesome when hes older. 3 years its only 21k and goes up each year, average is 42k.
There is an annuity plan which is valuable in year 5, 401k, and other payments for licensing
Severance plan with 2 years vested, it's like 25k if your out of the league
If he completes his current contract he will be borderline wealthy, but not never work again rich. If he signs a 2nd contract or keeps playing he will have fuck you money.
If he never plays another game, hes got a hell of a jumpstart at life. Hes a got a few bucks, a degree without debt and a name
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