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Old 01-05-2021, 04:32 PM  
ThaVirus ThaVirus is offline
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Travis Kelce on rookie contract: "Man, I spent it all"
This is kind of a shit post and doesn't mean much, but it gives some interesting insight to the mind of one of our best players.

We all know he wasn't a great decision-maker in his younger days, but blowing through a few hundred thousand dollars in his first year is beyond insane.

https://www.tmz.com/2021/01/05/travi...T_MNQHHJ_5f0Ks

Quote:
"Man, I spent it all," the Kansas City Chiefs tight end revealed on Shannon Sharpe's "Club Shay Shay" podcast ... "I should've been on the '30 for 30: Broke' the way I was spending!"

Here's the deal ... Kelce was a 3rd round pick in the 2013 NFL Draft and signed a 4-year, $3.1 million deal with a $700k signing bonus. Great money for a normal person but far from generational wealth!

So, how did Travis spend his first NFL checks? Shoes and a Rolex...
Quote:
...But, he has some advice for the next generation of young guys ...

"All the young guys in the league, all the guys that have the opportunity to get that big first check from the NFL -- save it!"

"Find a financial advisor that you trust, that's gonna do right with your money because I was searching around for car deals after my first year trying to just pay rent!"
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Old 01-05-2021, 05:34 PM   #16
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Heard something on Fox sports radio the other day. They said 80% of NFL players are broke 2 yrs after retiring. I would imagine that's more of your run of the mill player though. You gotta be careful of your money when you first get it. But I can understand the urge to splurge.
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Old 01-05-2021, 06:33 PM   #17
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Originally Posted by alanm View Post
Heard something on Fox sports radio the other day. They said 80% of NFL players are broke 2 yrs after retiring. I would imagine that's more of your run of the mill player though. You gotta be careful of your money when you first get it. But I can understand the urge to splurge.
There's an ESPN special called "Broke" from maybe 10 years ago that hit on that topic. It's fascinating if you can find it.
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Old 01-05-2021, 06:36 PM
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Old 01-05-2021, 06:41 PM   #18
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Old 01-05-2021, 06:41 PM   #19
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Do a search on Derrick Thomas.....talk about a non football dumbass....blew the cash and had how many kids by how many women?

Kelce is a saint in comparison
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Old 01-05-2021, 06:42 PM   #20
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At the age of 22, I was living in a shitty little apartment working 3 jobs and trying to figure out if my pregnant girlfriend and I were even going to get married. If I had a 700K signing bonus, I'm sure I would have been more prudent with it then a ****ing Rolex and shoes, but if I didn't have all that responsibility, I could see blowing it on cars, guitars, guns, good booze, helping friends, and maybe a house. BUT...my folks would have been all over my shit and I listened to my old man (even if he did piss me off...he was right just about all the time). It never would have happened to me. Of course, I lived in town with them too, which was not the case with Travis.

Meh. Stupid people do stupid things with stupid money. Glad he grew up.
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Old 01-05-2021, 06:44 PM   #21
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Good on him for being honest and humble.
Right. This highlights his growth as a person more so than anything else. Fortunately he was good enough and injury free to get that next contract. Hopefully some of our young guys learn from this.
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Old 01-05-2021, 06:46 PM   #22
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Old 01-05-2021, 07:04 PM   #23
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Lol, this thread went as expected.

A bunch of old men who know nothing about spending their entire youth as a superstar athlete and then being handed a (relative) shit ton of money in their early 20s talking about how they would never make mistakes.
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Old 01-05-2021, 07:10 PM   #24
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Lol, this thread went as expected.

A bunch of old men who know nothing about spending their entire youth as a superstar athlete and then being handed a (relative) shit ton of money in their early 20s talking about how they would never make mistakes.
Tell us all you know about being a young superstar athlete
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Old 01-05-2021, 07:11 PM   #25
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I would probably be broke and dead within 30 days with that kind of money.
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Old 01-05-2021, 08:19 PM   #26
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Tell us all you know about being a young superstar athlete
??

Where is my comment about what I would have done better if I was in his situation?
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Old 01-05-2021, 08:24 PM   #27
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A bunch of old men


it's all perspective, man.
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Old 01-05-2021, 08:33 PM   #28
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Its just crazy, even in my dumbass 20's there is simply no way I would've blown through all that... hell even if I wanted to, there were voices in my life who would've straightened me out

And Travis was raised by a very nice family as I recall... what a hellion he must've been, we're all lucky he finally grew up
Man, it's super easy to spend a metric shit ton of dough when you're young and don't expect the party to end.

I have some regrets that came from spending a ton of dough in my late 30's and while I knew better, I also wanted to take advantage of it because I spent my life working for it.

Tons of money at a young age is difficult to manage, as we've seen time and time and time again for basically our entire lives.
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Old 01-05-2021, 08:40 PM   #29
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Just in case anyone else wanted to see the entire interview/episode.

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Old 01-05-2021, 08:41 PM   #30
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I have some regrets that came from spending a ton of dough in my late 30's and while I knew better, I also wanted to take advantage of it because I spent my life working for it.
This was me, too.

...still wish I'd saved more.

but man , what a ride, amirite?
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