jackedaround
Junior
- Joined
- Jan 6, 2015
- Messages
- 4,219
I think most rational people would agree that Duke Johnson's draft stock last year would end up being substantially higher than Coley's this year. Well take a look at Duke's contract- the 77th overall pick. All that's guaranteed is the signing bonus (or his 1st year salary of an equivalent sum- that wasn't clear) and then factor in high tax rates, agent fees and living expenses. Even as an early 3rd rounder you're not seeing anything near "set-for-life" money. I don't know Coley's family situation but it does seem insane for anyone with possible 1st or 2nd round potential to ever try to grab the quick payday early unless your circumstance absolutely necessitates it.
View attachment 34372
he gets paid about half of that after federal taxes, state taxes, his agent's cut, mandatory nfl dues and pension contributions. people act as if $1 million means $1 million. it doesnt. it means $500k if you dont play for the giants which are subject to NY city tax as well.
his cash flow is 1.5 million for 4 years. not bad but certainly not millions per year.
making the nfl as a top 3 round pick is winning the lottery. in order to make a lot of money you gotta win the lottery at least 1 more time and get that 2nd contract.