Football Ten reasons why ex-NFL players go broke... - Page 7

Msmith · 05-31-2012, 07:47 AM

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...

Link: http://www.nationalfootballpost.com/...-Go-Broke.html

**Donger** · 05-31-2012, 12:35 PM

Quote:

Originally Posted by vailpass

You won't think that when you are in your hotel room hungry. They'll make it up to you at breakfast.

Yeah, I went down for breakfast the next morning and paid for myself and a colleague. $44 for two buffet breakfasts.

ChiefsCountry · 05-31-2012, 12:41 PM

I knew for a while all the cars the players used to drive and Trent Green always stood out to me. He drove to work everyday in a Ford Explorer. Not a pimped out one either, just a regular Ford Explorer to work at Arrowhead everyday. And he had at that time the richest contract in Chiefs history. I'm pretty sure he had a Mercedes or Corvette at home, but he drove the non-nicest car out of all the players. Just made me sit there and think who is going to have that money in the future. Warfield drove Range Rovers and all kinds of nice cars. Dante Hall had a pimped out vehicle. Larry Johnson had a Maybach with his own driver and it was just plain flithy all of the time.

Mr. Plow · 05-31-2012, 12:44 PM

Quote:

Originally Posted by Donger

Yeah, I went down for breakfast the next morning and paid for myself and a colleague. $44 for two buffet breakfasts.

Ahhh, were you in a "convention" hotel?

**Donger** · 05-31-2012, 12:48 PM

Quote:

Originally Posted by Mr. Plow

Ahhh, were you in a "convention" hotel?

Yeah, it was actually. Well, there was a convention going on at the resort.

How did you know that?

Red Dawg · 05-31-2012, 01:01 PM

Not to sound all fugged up or anything but the bling bling type are the ones going broke.

You know what I mean. I think you do.

Red Dawg · 05-31-2012, 01:02 PM

Quote:

Originally Posted by ChiefsCountry

I knew for a while all the cars the players used to drive and Trent Green always stood out to me. He drove to work everyday in a Ford Explorer. Not a pimped out one either, just a regular Ford Explorer to work at Arrowhead everyday. And he had at that time the richest contract in Chiefs history. I'm pretty sure he had a Mercedes or Corvette at home, but he drove the non-nicest car out of all the players. Just made me sit there and think who is going to have that money in the future. Warfield drove Range Rovers and all kinds of nice cars. Dante Hall had a pimped out vehicle. Larry Johnson had a Maybach with his own driver and it was just plain flithy all of the time.

That's becauee LJ is the Mayor of Chocolate City.

**DaKCMan AP** · 05-31-2012, 01:02 PM

Quote:

Originally Posted by Tuckdaddy

Not to sound all fugged up or anything but the bling bling type are the ones going broke.

You know what I mean. I think you do.

Mark Brunell?

ThaVirus · 05-31-2012, 01:03 PM

Quote:

Originally Posted by Bugeater

Bullshit. Yes, I've had financial troubles, but it wasn't because I wasted a bunch of cash on bling and spinnaz for my whip.

Nobody says 'bling' or rides spinners anymore. You're literally 10 years late on both.

Radar Chief · 05-31-2012, 01:03 PM

Quote:

Originally Posted by ChiefsCountry

I knew for a while all the cars the players used to drive and Trent Green always stood out to me. He drove to work everyday in a Ford Explorer. Not a pimped out one either, just a regular Ford Explorer to work at Arrowhead everyday. And he had at that time the richest contract in Chiefs history. I'm pretty sure he had a Mercedes or Corvette at home, but he drove the non-nicest car out of all the players. Just made me sit there and think who is going to have that money in the future. Warfield drove Range Rovers and all kinds of nice cars. Dante Hall had a pimped out vehicle. Larry Johnson had a Maybach with his own driver and it was just plain flithy all of the time.

Thomas Jones was on Top Gear USA showing off his dozen or so super/hyper cars.
I’ll admit he had some badass rigs, probably desperately searching for a buyer for a few of them now.
By contrast I remember reading that Ted Popson would buy some clunker and fix it up over the course of the year then donate it to a family in need.

Setsuna · 05-31-2012, 01:04 PM

Which I why I believe all people playing professional sports are Republicans in the respect of taxes. They won't tell anyone though.

Red Dawg · 05-31-2012, 01:06 PM

Quote:

Originally Posted by DaKCMan AP

Mark Brunell?

Sapp, LT the drug addict and now J. Lewis. not to mention T.O.

What do they all have in common? Besides the obvious, they have blown thier millions on bullshit that made them look good. Now, they look stupid and damn sure are stupid.

**DaKCMan AP** · 05-31-2012, 01:06 PM

Quote:

Originally Posted by Tuckdaddy

Sapp, LT the drug addict and now J. Lewis. not to mention T.O.

What do they all have in common? Besides the obvious, they have blown thier millions on bullshit that made them look good. Now, they look stupid and damn sure are stupid.

Johnny Unitas?

frankotank · 05-31-2012, 01:12 PM

unbelievable. the most obvious reason isn't even on the list.

Frank the Tanks list:
#1 - Tits

that's it. that's all
you spend money trying see 'em, touch 'em, suck 'em, make 'em bigger.
then you get yourself a set.
now you gotta spend money to support the tits host organism. and that's where it all goes to hell in a handbasket my friends!

**DaKCMan AP** · 05-31-2012, 01:13 PM

Quote:

Originally Posted by Tuckdaddy

Sapp, LT the drug addict and now J. Lewis. not to mention T.O.

What do they all have in common? Besides the obvious, they have blown thier millions on bullshit that made them look good. Now, they look stupid and damn sure are stupid.

Bernie Kosar?

Setsuna · 05-31-2012, 01:16 PM

Quote:

Originally Posted by DaKCMan AP

Bernie Kosar?

Stop ****ing people over.

05-31-2012, 07:47 AM
Msmith Veteran Join Date: Jan 2004 Casino cash: $8238035	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... Link: http://www.nationalfootballpost.com/...-Go-Broke.html
Posts: 2,068

05-31-2012, 12:41 PM	#92
ChiefsCountry The Insider Join Date: Jan 2004 Location: Lake of the Ozarks Casino cash: $-1361248	I knew for a while all the cars the players used to drive and Trent Green always stood out to me. He drove to work everyday in a Ford Explorer. Not a pimped out one either, just a regular Ford Explorer to work at Arrowhead everyday. And he had at that time the richest contract in Chiefs history. I'm pretty sure he had a Mercedes or Corvette at home, but he drove the non-nicest car out of all the players. Just made me sit there and think who is going to have that money in the future. Warfield drove Range Rovers and all kinds of nice cars. Dante Hall had a pimped out vehicle. Larry Johnson had a Maybach with his own driver and it was just plain flithy all of the time.
Posts: 51,990

05-31-2012, 01:01 PM	#95
Red Dawg Going home eventually Join Date: Dec 2002 Casino cash: $1462858	Not to sound all fugged up or anything but the bling bling type are the ones going broke. You know what I mean. I think you do. __________________ If you're not first you're last!
Posts: 33,091

05-31-2012, 01:04 PM	#100
Setsuna Paladin Join Date: Sep 2011 Location: Gator Country Casino cash: $10008487	Which I why I believe all people playing professional sports are Republicans in the respect of taxes. They won't tell anyone though.
Posts: 13,215

05-31-2012, 01:12 PM	#103
frankotank I like 'em mustard & biscuits Join Date: Nov 2010 Location: The Hill Casino cash: $10011076	unbelievable. the most obvious reason isn't even on the list. Frank the Tanks list: #1 - Tits that's it. that's all you spend money trying see 'em, touch 'em, suck 'em, make 'em bigger. then you get yourself a set. now you gotta spend money to support the tits host organism. and that's where it all goes to hell in a handbasket my friends! __________________ A naked American man stole my balloons.
Posts: 6,787