Blog Entry

Teammate(s) to Graham: can I borrow $100K?

Posted on: February 28, 2011 3:41 pm
 
Posted by Josh Katzowitz

During the past year, the NFLPA has been rather vigilant about warning players to start saving money in case of a lockout. Don’t spend lavishly, the union has said. Set aside a rainy-day fund.

But because many of the players in the league are young, they spend recklessly. They buy too many cars. They spend $100,000 on a single night’s bar tab. They buy things they don’t need.

Perhaps, in this labor fight, the NFL owners are counting on that to break the union’s resolve. Once the paychecks stop coming and the players begin to miss payments on their cars and houses, what will they do if they didn’t heed the union’s advice and put money away?

Try to borrow from other teammates, maybe?

That might be the case, according to Eagles DE Brandon Graham, who tells Philadelphia Sports Daily he’s been approached by teammates who have asked to borrow a little bit of money. How much, exactly? The equivalent of one night out with Bryant McKinnie -- $100,000.

“They try not to make it awkward,” he said. “They’ll come to you like they’re joking, but they’re serious. They’re trying to feel you out, to see what you’ll say.”

Graham, however, denies the request.

“I’ll be like, ‘What are you going to do with it, other than blow it?’ I don’t want to be beefing with guys on my team because they owe me money,” said Graham.

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Comments

Since: Dec 2, 2011
Posted on: January 9, 2012 9:40 pm
 

Teammate(s) to Graham: can I borrow $100K?

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hgtrerte
Since: Dec 2, 2011
Posted on: December 7, 2011 11:59 pm
This comment has been removed.

Post Deleted by Administrator




Since: Apr 14, 2007
Posted on: March 1, 2011 4:27 pm
 

Teammate(s) to Graham: can I borrow $100K?

irregardless,  your math is WAY off.  The minimum salary for Rookie NFL players in 2010 was $325,000.  I believe the minimum salary is raised about $15,000 each year.

You believe wrong. With each accrued season a player's minimum salary also rises.

 So after 4 years, an undrafted rookie would make approximately $1,345,000 (before tax).


Check your math, and the actual minimum salary for players with an accrued season, and each additional accrued season. P.S. Everyone earns a gross salary. Ney salary is completely different, and everyone has to pay taxes.

 If you divide their pre-tax earnings over 50 years, they make approximately $26,900 a year.

Again, league minimum is not a constant.

 Now that is before Obama tax and any other expenses. After taxes their probably looking at around $18,000 a year.


No. You fail to recognize their full earning power is their money is managed wisely, in addition to the reality of what a rookie today at league minimum would earn if they played for 4 seasons.

That doesn't seem like greed to me to want to keep the same share of revenue.  I mean it's not like the owners are getting hit for 16 weeks a year.

The owners are getting hit with payroll for 52 weeks a year. Utilities and insurance. You are forgetting they also pay every coach, office job, and security job year round. They simply do not lock the doors and leave the stadium vacant for 44 weeks of the year.

Besides, an NFL player (even undrafted free-agents) are at the top of their skilled profession.  I would like for you to find me the top 100 doctors or lawyers and see if they would work the next 50 years for $18,000 a year.

They aren't working for 18 thousand a year. They are working for an average of $625,000 a year. $2.5 million over the first four years at the minimum salary. They are allowed to seek other employment, and earn more after football. And considering they all had the chance to earn a degree, should be able to find decent employment. Even if in their studies they did not secure what would place them at the top of that position.

You completely lost sight of the math if you suggest a player averages 18k a year for actual years played. Do these doctors you speak of only work 4 total years? Absurd.

I think when people such as yourself make comments on other people's greed it simply comes from jelousy.

Or education. You on the otherhand resorted to childish response and flawed logic.

If everyone that complains about player greed just stopped watching sports, there would be less revenue flow and players would be forced to take pay cuts.

If everyone understood what is really happening, they wouldn't respond as you did with inaccurate information, and rehashing media bias toward the players.

Next time, think it through. 18k a year....good stuff.



Since: Feb 28, 2007
Posted on: March 1, 2011 1:43 pm
 

Teammate(s) to Graham: can I borrow $100K?

irregardless,  your math is WAY off.  The minimum salary for Rookie NFL players in 2010 was $325,000.  I believe the minimum salary is raised about $15,000 each year.  So after 4 years, an undrafted rookie would make approximately $1,345,000 (before tax).  If you divide their pre-tax earnings over 50 years, they make approximately $26,900 a year.  Now that is before Obama tax and any other expenses. After taxes their probably looking at around $18,000 a year.  That doesn't seem like greed to me to want to keep the same share of revenue.  I mean it's not like the owners are getting hit for 16 weeks a year.  Besides, an NFL player (even undrafted free-agents) are at the top of their skilled profession.  I would like for you to find me the top 100 doctors or lawyers and see if they would work the next 50 years for $18,000 a year.  I think when people such as yourself make comments on other people's greed it simply comes from jelousy.  If everyone that complains about player greed just stopped watching sports, there would be less revenue flow and players would be forced to take pay cuts. 



Since: Jan 31, 2011
Posted on: March 1, 2011 1:19 pm
 

Teammate(s) to Graham: can I borrow $100K?

i would tell them to eat a dick. and quit spending money foolishly. go trade in one of your bentley's then.



Since: Apr 14, 2007
Posted on: March 1, 2011 11:31 am
 

Teammate(s) to Graham: can I borrow $100K?

An undrafted free agent that earns the league minimum for 4 years earns the equivalent of 50 years at $50,000 a year.

The labor impasse is fueled by player greed.

The honest reality.



Since: Jul 24, 2009
Posted on: February 28, 2011 5:35 pm
 

Teammate(s) to Graham: can I borrow $100K?

Wow, these guys go through alot of money. You figure that after a point they would elect to start putting it away.



Since: Nov 9, 2008
Posted on: February 28, 2011 5:05 pm
 

Teammate(s) to Graham: can I borrow $100K?

The State of Claifornia and its Governor Moonbeam would be well advised to learn from Mr. Graham and his points about his teammates: don't spend money you don't have and borrow yourself into a corner with overly lavish spending you can't really afford.



Since: Sep 1, 2006
Posted on: February 28, 2011 4:36 pm
 

Teammate(s) to Graham: can I borrow $100K?

I usually throw that out to a coworker also......usually the amount I am asking for is only $10 or $20 and they have it back by at worst next day.......good move Mr. Graham........$100,000.00 doesn't grow on trees.


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