3 ms·
He's set for life if he keeps his expenses at $25k/yr. $1.8MM / $25k = 72. Even if he loses half to taxes, that's still 36 years worth of expenses in assets. If
by ThrustVectoring 9y ago
He's set for life if he keeps his expenses at $25k/yr. $1.8MM / $25k = 72. Even if he loses half to taxes, that's still 36 years worth of expenses in assets. If I had that much, I'd retire in a heartbeat.
- nshelly 9y agoOn the cumulative salary of $1.8m over three years he's looking at an effective rate of around 35%. But he definitely won't lose half of his pension to taxes. That's one of the main advantages is that is spread out over a number of years. The NFL, with all its faults in neglecting players health, was wise to set players up with pensions.
- maxerickson 9y agoDoes anybody know the history? I would sort of expect that the NFL Players Association had something to do with establishing it.
- ThrustVectoring 9y agoI didn't even count the pension in there, just the $1.8m in salary.
- willhslade 9y agoUm, what? Doesn't the average NFL player have a life expectancy of 53-59, and you can only collect the pension after 55? They can move it foward starting at age 35. Cynical me says it's a political nothing burger.