Saul Out at Ohio

[2011BisonAlumni]

https://kfgo.com/news/articles/2019/...io-university/

[IBleedYellow]

He made 2.5M in that time. He's set for life most likely.

Hope to see him back on his feet somewhere.

[El_Chapo]

Saul Back. Co-Head Coaches $185k each.

[HerdBot]

He made 2.5M in that time. He's set for life most likely.

Hope to see him back on his feet somewhere.

2.5 million over 5 years is hardly set for life. Probably 1.5 million after taxes or 210k net per year for 5 years. If he continues to work he will be set for life though. 1.5 million wont last when your 46. Put it in the system for 20 years and you have FU money

[NDSUstudent]

Sounds like Tim will be out at Nebraska with Hoiberg taking over.

[Tony Almeida]

Sounds like Tim will be out at Nebraska with Hoiberg taking over.

Wow, could almost get the team back together...DR messing with fate.

[Bison Bridge Guy]

Nice article about Saul - he's heading to Dayton to watch the Bison tomorrow. https://www.inforum.com/sports/99050...MbQwYg.twitter

[kab1one]

He made 2.5M in that time. He's set for life most likely.

Hope to see him back on his feet somewhere.

Why do people think just because in a few years a person makes a large sum of money. Saul in this case or Kyle Emmual they can be set up life?


In Saul's case. Made $2.5 million. Living in Ohio with state and federal taxes he nets $250k a year. House, young kids, etc. If he saved $250k he did well. When you make $500k, you have a $500k lifestyle.

Watch the movie Margin Call, set along the lines of the lehman brothers collapse. Employee was making $1.4 million a year. Young analysts at the firm thought he was rich and saved a pile of money and could survive the fall.

He goes on to explain, after taxes, housing, clothes, helping his parents and $78k of miscellanous expenses, which were mostly hookers, booze and blow, there isn't much left.

Not that I would expect Saul or Kyle Emmanual to be broke. But i would venture they will work because they have to.

[BisonAccountant44]

Why do people think just because in a few years a person makes a large sum of money. Saul in this case or Kyle Emmual they can be set up life?


In Saul's case. Made $2.5 million. Living in Ohio with state and federal taxes he nets $250k a year. House, young kids, etc. If he saved $250k he did well. When you make $500k, you have a $500k lifestyle.

Watch the movie Margin Call, set along the lines of the lehman brothers collapse. Employee was making $1.4 million a year. Young analysts at the firm thought he was rich and saved a pile of money and could survive the fall.

He goes on to explain, after taxes, housing, clothes, helping his parents and $78k of miscellanous expenses, which were mostly hookers, booze and blow, there isn't much left.

Not that I would expect Saul or Kyle Emmanual to be broke. But i would venture they will work because they have to.

I think there are different levels of "set for life". I was once told that in order to make any meaningful changes to your lifestyle with an influx of cash it would take at least $500k after taxes. That was years ago, so today the number might be a bit higher, but the principle still works. With that you should be able to pay off most or all of your debt, put a little aside, and be able to add a lot of freedom to / remove a lot of stress from your life. No it's not enough for you to retire on, but I can tell you if I had the option to take $500k worth of problems off of my plate today I'd consider myself "set for life" because of the future options it would afford me.

Even though they're both well over $500k I think both Saul and Kyle are solidly in this type of category. Now, if by some freak accident something were to happen to Carson and he'd retire from the NFL after this year, he'd be in a much different spot with almost $27M of earnings.

[oldmantutters]

I think there are different levels of "set for life". I was once told that in order to make any meaningful changes to your lifestyle with an influx of cash it would take at least $500k after taxes. That was years ago, so today the number might be a bit higher, but the principle still works. With that you should be able to pay off most or all of your debt, put a little aside, and be able to add a lot of freedom to / remove a lot of stress from your life. No it's not enough for you to retire on, but I can tell you if I had the option to take $500k worth of problems off of my plate today I'd consider myself "set for life" because of the future options it would afford me.

Even though they're both well over $500k I think both Saul and Kyle are solidly in this type of category. Now, if by some freak accident something were to happen to Carson and he'd retire from the NFL after this year, he'd be in a much different spot with almost $27M of earnings.

This makes perfect sense. That number is probably closer to $1mil these days just thinking about what it would take to pay off a mortgage on a typical house along with other consumer/student debt plus be left with some money to put away. I was thinking about this the other day, in terms of losing a spouse and what our life insurance policies would mean.

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