apfenny3
Freshman
- Joined
- Jul 2, 2013
- Messages
- 1,594
If.you don't know every detail on why these kids are deciding to enter the draft then you really don't know if their decision is dumb... I would hope these kids have someone to help them with making the right choice.. As selfish fans (Me included) we want them all to stay... but there are so many variables at play... Are ne one of us going to help MJ pay his bills if he has a career ending injury his senior season... I doubt it ... A 1st round pick and a 7th round pick will have the same salary under the NFL CBA... the difference is the signing bonus... which runs out around the 35th pick... so being 40 or 140 is no difference. to call these kids dumb for their decisions is dumb. I'm not saying going or staying is the right choice unless U can plug in all the variables and thoughtfully weigh the risk versus the reward.
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I know you are a father of a current player so you really need to educate yourself on this. You could not be more wrong.
Curtis Samuel was drafted 40th overall in April. He received a signing bonus of $2.8 million, with a total rookie contract value of $6.4 million.
Wayne Gallman was drafted 140th in April. He received a signing bonus of $419,000, with a total rookie contract value of $2.8 million.
6th-7th round picks get about 190k-65k signing bonuses and are cut outright with a significantly higher frequency.
Who is educating our players on this stuff?
From the major mistakes we've all seen, apparently no one.
And if some DID attempt to educate them - obviously those that leave early are in a hurry - wanting to take a shortcut - and don't realize that there's really no such thing as a shortcut.
The argument that they may get hurt - and hurt their chances in the NFL by coming back is not really viable, as there are no guarantees on anything at any time.
The players should seek sane, rational, prudent counsel, both for staying/leaving, and also to get financial advice for after they get some paychecks.
How many UM players have just ****ed away millions of dollars, and after their NFL career is over - they're broke?
For any professional endeavor, the better prepared, and better skilled one is at his craft - the better chances he'll succeed in the short term and the long term.
Rookie contracts aren't what they used to be due to the new CBA, but there is still a significant difference between earlier and later round picks. 4th-7th total contracts are very similar though with what Shaq's dad said but the signing bonus is the differential. CHART: NFL rookie contracts - Business Insider The signing bonus is usually the only guaranteed money a rookie will receive so even if the total contract value is similar between a round 4 guy and a 7th round or free agent, the guaranteed amount can be a game changer.
As far as being educated by UM, I'm not sure if draft eligible guys are given information by any of the coaches or compliance, but I know as a team there was never any discussion on NFL contracts.
glad we have a former Cane and future agent to inform us. ****, you should go given them a speech once a year on this stuff!!!!!!
I would love to. I'm taking the agent certification test late July so hopefully I'll be able to for the next wave of guys next season. As previously mentioned we don't know each guy's personal situation and we're quick to cast judgement on which way they're leaning. I know some players have a close knit family that advises them and others are pretty much on their own and I'd like to at least be able to explain the financials and opportunity cost of each possible route they could take.