Blog Entry

NFLers emptying their pockets

Posted on: July 16, 2010 4:15 pm
This should make you feel good about the owners.

In an interesting column about how some players – despite being warned over and over again by the NFLPA – are spending piles of money and not saving for what happens if a lockout occurs, CBS Sports’ Mike Freeman bemoans the short-sighted attitude of many players who just don’t understand the reality of this labor situation. Or don’t care about it and just want to spend money.

But the sentence that caught my eyes was this:

Owners are aware of this and plan to use the players' lack of spending control against them should the expected labor strife occur.
I get it. I understand the owners want to take advantage of every little bit of leverage they can find when negotiations begin – and the same goes for the NFLPA – but it’s hard to get the image of Henry F. Potter out of your head when you read something like that.

It’s funny, I had a conversation last season with former Jets WR Laveranues Coles when we were talking about saving money and discussing strategies for the best way to invest. We both knew the importance of setting up yourself for the future. Of course, Coles was 32 at the time. The problem is that a 23-year-old kid with wads of dough in his pocket doesn’t think like that.

So, he buys that fourth car or he buys that third house. The owners know better. But they also know that if they can make a positive gain off a monetary loss for the players, they’re prepared to do so.

--Josh Katzowitz
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Category: NFL

Since: Dec 2, 2011
Posted on: February 2, 2012 2:25 pm

NFLers emptying their pockets

informative as well as forthright to perfect. In need of outdoors considerably increased a good number of writeups!! Do you use a facebook or twitter?

Since: Jun 7, 2008
Posted on: July 16, 2010 4:29 pm

NFLers emptying their pockets

I don't understand how players go through their cash like a hot knife thru butter. I think most athletes don't think that they will be retiring in their 30's and will hopefully live 50+ more years. Thats more than half of their lifetime left to live and it seems as if they don't care. "Oh, I'm Cedric Bensen, I'm gonna go buy a car, drink heavily, drive the car, get arrested, then do it all over again except this time I'm going big, I'm doing it on a boat!" Like WTF is wrong with some of these players? Is managing millions of dollars that complex that you don't see retirement until it hits you like a blind side block from Hines Ward? I think most of middle-class America is getting sick of the whining and complaining when we all do it fine one $35k-$65k a year... not a week.

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