Thread: Football The real cost of fines.
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Old 10-09-2019, 05:47 PM   #10
Rain Man Rain Man is offline
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Justin Blackmon was a drug bust. He had a three-year career and missed 12 games to substance abuse suspension. Let's see what that cost him.

J Blackmon

Years in League 3
Contracts $12,521,000
Wealth After Agent Fees
Fines $941,000
Wealth After Fines
Wealth After Taxes
Spending $3,249,267
Savings After Spending

Average Annual Spending in Playing Career $1,083,089
Average Annual Spending After Career $129,971
Average Annual Spending After Career w/ No Fines $151,802
Impact of Fines 14%

So for him, his standard of living is expected to decline from $152,000 per year to $130,000 per year. That's a good pension for a guy who only played three years, but I'm willing to bet that he's not spending his money wisely. He'll be bankrupt soon even though he doesn't need to be.
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