FluffHead Posted July 10, 2009 Posted July 10, 2009 http://profootballtalk.nbcsports.com/2009/...ntract-details/
Magox Posted July 10, 2009 Posted July 10, 2009 Seems like a pretty big contract, considering where he was drafted.
ganesh Posted July 10, 2009 Posted July 10, 2009 Seems like a pretty big contract, considering where he was drafted. The guy is making league minimum every year + a 100K signing bonus for crying out loud...
SKOOBY Posted July 10, 2009 Posted July 10, 2009 The guy is making league minimum every year + a 100K signing bonus for crying out loud... + 1.
Mark Vader Posted July 10, 2009 Posted July 10, 2009 Seems like a pretty big contract, considering where he was drafted. Compared to what you and I and possibly everybody on this board makes annually, it is a big contract.
silvermike Posted July 10, 2009 Posted July 10, 2009 I'm glad I know this but man, is it a slow news day around the NFL if PFT is publishing the contract details for a 6th round CB. It's not like he was a college star who got held back by an injury even.
SuperKillerRobots Posted July 10, 2009 Posted July 10, 2009 Seems like a pretty big contract, considering where he was drafted. Didn't the 7th rounder get a bigger deal?
San Jose Bills Fan Posted July 10, 2009 Posted July 10, 2009 Compared to what you and I and possibly everybody on this board makes annually, it is a big contract. Yes Mark, to put it in perspective let's say that as a low round pick he somehow manages to play out the first two years of his contract before he and/or NFL teams deem that he is done as a football player. In this scenario he's made his signing bonus plus two years of salary for a grand total of (before taxes)... $881,850 at the cost of three years of his life and a fairly high amount of wear and tear. Provided he's in that fairly small percentage of our society who can actually save money and not live beyond his means, he should have a pretty nice nest egg for the rest of his life. On the other hand, many young people, pro athletes it seems in particular will go out and immediately spend $50,000-$200,000 on a very expensive automobile. Then there's the other "accoutrements" such as overpriced jewelry. All of these things of course lose value immediately. Hopefully his time at USC was well spent and that Cary has a modicum of common sense.
silvermike Posted July 11, 2009 Posted July 11, 2009 Yes Mark, to put it in perspective let's say that as a low round pick he somehow manages to play out the first two years of his contract before he and/or NFL teams deem that he is done as a football player. In this scenario he's made his signing bonus plus two years of salary for a grand total of (before taxes)... $881,850 at the cost of three years of his life and a fairly high amount of wear and tear. Provided he's in that fairly small percentage of our society who can actually save money and not live beyond his means, he should have a pretty nice nest egg for the rest of his life. On the other hand, many young people, pro athletes it seems in particular will go out and immediately spend $50,000-$200,000 on a very expensive automobile. Then there's the other "accoutrements" such as overpriced jewelry. All of these things of course lose value immediately. Hopefully his time at USC was well spent and that Cary has a modicum of common sense. I wonder how low round picks do - they probably have a little more humility about their role in the NFL, and will end up quickly spending a big portion of their income and maybe settle down more with the rest - if he buys a nice house in WNY, for example.
Steely Dan Posted July 11, 2009 Posted July 11, 2009 Compared to what you and I and possibly everybody on this board makes annually, it is a big contract. IDK, Skooby's car is worth more than the signing bonus alone. Yes Mark, to put it in perspective let's say that as a low round pick he somehow manages to play out the first two years of his contract before he and/or NFL teams deem that he is done as a football player. In this scenario he's made his signing bonus plus two years of salary for a grand total of (before taxes)... $881,850 at the cost of three years of his life and a fairly high amount of wear and tear. Provided he's in that fairly small percentage of our society who can actually save money and not live beyond his means, he should have a pretty nice nest egg for the rest of his life. On the other hand, many young people, pro athletes it seems in particular will go out and immediately spend $50,000-$200,000 on a very expensive automobile. Then there's the other "accoutrements" such as overpriced jewelry. All of these things of course lose value immediately. Hopefully his time at USC was well spent and that Cary has a modicum of common sense. I read a Tim Green book where he talked about some guys he played with buying a new car every month. That's a huge financial hit over the course of a year. OT, but Green also said in that book that he hated playing in Buffalo the most due to rabid fans and playing against the teams that were then going to SB's every year.
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