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Old 05-31-2012, 07:47 AM  
Msmith Msmith is offline
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Ten reasons why ex-NFL players go broke...
1) Gross vs. net: It never fails; when my clients get their first NFL check they call me and say something is wrong. They are floored by how much is taken out for taxes and other deductions. Unfortunately, the shock doesn’t resonate long enough. I would say 90% of players have some type of direct deposit or their check gets mailed to their investment advisor and the players never see the net amount. Thus, they think they always are making more money (in gross numbers) than they actually are...

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Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.Msmith has just been standing around suckin' on a big ol' chili dog.
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Old 05-31-2012, 09:38 AM   #31
Mr. Plow Mr. Plow is offline
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$200,000 bar tabs.

I just noticed that was tabbed out at 11:56pm. Not even an all nighter.


And it was a Thursday night.
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Old 05-31-2012, 09:42 AM   #32
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Which celeb was that?! Wow.
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Old 05-31-2012, 09:46 AM   #33
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$200,000 bar tabs.
Do you know how much insurance on a Lamborghini costs? /Malcolm La Mont
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Old 05-31-2012, 09:53 AM   #34
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I just noticed that was tabbed out at 11:56pm. Not even an all nighter.


And it was a Thursday night.
While I understand the whole paying-what-you-earn concept, it's really hard to feel sorry for somebody who pisses away more money in a night than I make in two years.
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Old 05-31-2012, 09:53 AM   #35
Hammock Parties Hammock Parties is offline
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Which celeb was that?! Wow.
Lebron
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Old 05-31-2012, 09:56 AM   #36
L.A. Chieffan L.A. Chieffan is offline
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speaking of bar tabs, i was in austin a couple of weeks ago drinking at a very nice upscale bar with a live band. i ordered probably 5 makers and cokes and 5 beers. i figured close to 10 bucks a drink it should be around $100.

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Old 05-31-2012, 09:56 AM   #37
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Lebron
LeDom Perignon
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Old 05-31-2012, 09:57 AM   #38
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Originally Posted by Mr. Plow View Post
I just noticed that was tabbed out at 11:56pm. Not even an all nighter.


And it was a Thursday night.
"Hey, it's Cinco de Mayo! Let's celebrate with 25 bottles of Dom Perignon!"
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Old 05-31-2012, 09:59 AM   #39
L.A. Chieffan L.A. Chieffan is offline
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Lebron
The next day they lost to the Knicks in the Garden
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Old 05-31-2012, 10:01 AM   #40
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While I understand the whole paying-what-you-earn concept, it's really hard to feel sorry for somebody who pisses away more money in a night than I make in two years.
$200,000 for Lebron is about $5 for the rest of us. Now if this was some middle of the road NFL player then yeah that would be ridiculous and make it hard to feel sorry for them.
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Old 05-31-2012, 10:07 AM   #41
Chiefs Pantalones Chiefs Pantalones is offline
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$200,000 for Lebron is about $5 for the rest of us. Now if this was some middle of the road NFL player then yeah that would be ridiculous and make it hard to feel sorry for them.
He's such a nice guy...

"At the end of the day, all of the people that were rooting for me to fail, tomorrow they'll have to wake up and have the same life that they had before they woke up today. They got the same personal problems they had today and I'm going to continue to live the way I want to live and continue to do the things I want to do."
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Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.Chiefs Pantalones has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
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Old 05-31-2012, 10:17 AM   #42
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Red bull nine bucks?
Hotel bar. I'm surprised it isn't more.
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Old 05-31-2012, 10:24 AM   #43
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Old 05-31-2012, 10:28 AM   #44
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#1-Had no financial responsibility teaching from their parents growing up.


I would venture to guess that the % of bankruptcy among players (and people in general) who grew up in a home with parents that taught them fiscal basics is markedly lower than those who did not.
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Old 05-31-2012, 10:29 AM   #45
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$200,000 bar tabs.
I hate Big Hotel Bar.
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