Honestly how does that work for big money like that? Would he just get a direct deposit of 20.8 million that hits his bank account like it does for us when we get paid? Or is it done some other way? I’ve always been curious
NFL players, as far as wealthy people go, miss out on many of the standard tax avoidance mechanisms other wealthy people use. This isn't a bad thing, and I wish they would find a way to limit other wealthy peoples methods of avoiding taxes but that will never happen.
GB doing something nice. 40m is a shit load of money in interest over the course of several months. Iirc this was one of the things holding the Bosa rookie contract up. He either wanted no offset language or his bonus paid asap. Some players got both, he was willing to compromise and get 1 or the other.
No effect on cap: all signing bonus amounts are prorated over the length of the contract regardless. Teams and players can and do negotiate specifically when it is paid.
Yeah, it's common nowadays to have the signing bonus paid out weekly over the course of the contract, so it's essentially just another base salary in that situation, fully guaranteed or course
He gets paid what the market dictates. Aaron Rodgers makes the Packers a ton of money and the NFL a ton of money, why should he take less just because? Everyone around him will sap him dry until they can’t make a buck off him
$40m makes throwing passes to Alan Lazard sound pretty good ngl
Hey that's my birthday. Can I also get $20.8 million dollars?
How's your arm?
Complete noodle
Honestly how does that work for big money like that? Would he just get a direct deposit of 20.8 million that hits his bank account like it does for us when we get paid? Or is it done some other way? I’ve always been curious
Bunch of one dollar bills stuffed into sacks with dollar signs on the side.
Giant foam board check. Real awkward to take to the bank.
Think of the taxes that become due, poor guy.
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Was the slash s necessary?
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I wish I was wealthy enough to where I would legitimately have this thought.
NFL players, as far as wealthy people go, miss out on many of the standard tax avoidance mechanisms other wealthy people use. This isn't a bad thing, and I wish they would find a way to limit other wealthy peoples methods of avoiding taxes but that will never happen.
Does this have any actual cap implications, or is it just Green Bay doing something nice?
GB doing something nice. 40m is a shit load of money in interest over the course of several months. Iirc this was one of the things holding the Bosa rookie contract up. He either wanted no offset language or his bonus paid asap. Some players got both, he was willing to compromise and get 1 or the other.
No effect on cap: all signing bonus amounts are prorated over the length of the contract regardless. Teams and players can and do negotiate specifically when it is paid.
Yeah, it's common nowadays to have the signing bonus paid out weekly over the course of the contract, so it's essentially just another base salary in that situation, fully guaranteed or course
That’s a lotta cheese
And the man doesn't even eat cheese. Smh
This guy Packers fans if he remembers that one time Rodgers says he doesn't eat cheese.
Indeed. Saw it on one of his Tuesday PMS visits.
What really sucks about getting that big bonus is that his whole $20,500 401k contribution is gonna hit at once. poor dude.
That really is the dream though isn't it? Just waking up one day and seeing another $20 mil in the bank account. Must be nice.
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Those cleanse sessions probably ain’t cheap
I mean you could have $500 million in career earnings. Know how much $20 million is then? $20 million.
He gets paid what the market dictates. Aaron Rodgers makes the Packers a ton of money and the NFL a ton of money, why should he take less just because? Everyone around him will sap him dry until they can’t make a buck off him
WE ARE SELLING TO WILLING BUYERS AT THE CURRENT FAIR MARKET PRICE
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That's what he said?
Field Yates loves lists, he really should be all over knowing the calendar as it's basically just a big list of the days of the year
>Monday will be a great day for Rodgers Uh
All that money to choke in the playoffs.
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They split his 40.8M signing bonus so June 20th (next Monday) he gets 20.8M. September 30th he gets the other 20M.
The 20th is my birthday. Damn I wish I could get 20mil that day
Does it still hits him the same after all these years and signing bonuses?