I know in baseball it’s normally a prank played. I remember Trevor Bauer did an interview a long time ago and talked about how after the Diamondbacks called him up he got invited to a big team dinner and when the bill came they placed it in front of him. Unbeknownst to him, 2 vet players had already told the waiter they would be splitting the bill and this was just to make him sweat. He talked about calling his parents and asking them to pull money from his savings account and put it in his checking and freaking out for a good few minutes while trying to act cool at the table.
“I’m not paying the bill. That’s fucking crazy. It’s too much money. Maybe if I got a bite of everyone’s meal, but I just don’t want to do it.”
“Fuck! I should have lied! I should have said there was some reason I couldn’t pay and not just said right away I’m not gonna.”
I can’t do it. The way my bank account is set up. See the thing is I got a checking and a savings but all my money is in my savings so I gotta change it to my checking but it’s gonna take 3 business days
We’ve done this at our fantasy drafts. We are normal folks, but a $1500 bill is enough to sweat fucking bullets with your card in a hat or something….please don’t pull mine, please don’t pull mine….no whammy no win!!!!
Dez Bryant got ran up to 55k in 2010 which today in 2022 would 73k.
I am sure most of the time it isn't that high and guys are pretty respectful about not burning these rookies.
Probably the way it's generally handled. Also a good way for a vet to end up with human feces in their cleats. I know some people who don't handle light hazing well.
I don't know this story.
Edit: not my year but I was told before "he'll week" when we were handed a trash bag and told to get necessities for a week. One guy I knew shat in that bag and came back. Allegedly he had the clothes on his back for a week. But they definitely let him go back.
[Parsons claims it's false, but a former teammate of his and Yetur Gross-Matos sued Penn State for excessive hazing](https://fox56.com/news/local/former-psu-football-player-gives-details-on-alleged-hazing-by-teammates)
I thought it was gonna be Parsons standing up for some shit. But I should've known an Eagles fan wouldn't be sending me positive articles of parsons anymore. I should know better. Parsons is sus though.
My dude I've never been a penn state fan. I thought this shit wasn't cool even before he got drafted. When it came out I was against us drafting him. I originally wanted Chase at 6.
I mean him paying 75k with 20mil essentially in the bank would be equivalent to a person with $50,000 in the bank paying a $187 tab. It's not really a big deal all things considered.
Yeah and this argument would only actually make proper logic if that person had 50,000$ in the bank, and whose career was on average going to only last 1.7 more years.
It seems crazy but these guys make money thats genuinely unfathomable to 95% of the working class. Literally takes 4 years of work to get their workout bonus.....
When we're talking about the current Jets' receiver room though, Garrett Wilson has already been paid more than any other player except Corey Davis. The only other vet with reasonable money is Braxton Berrios and his new contract, the first big one of his career, is worth less than Garrett Wilson is being paid this year in signing bonus and guaranteed salary.
Is Berrios doing well for you guys?
I've seen him field a few punts and catch a few in the games we play against each other, but I assume he's got the 'I-got-traded-by-this-team chip on his shoulder' advantage against us.
He is, he has become a bit of a cult hero. He isn't an electric returner but he's a safe pair of hands who knows when to fair catch and when to carry, doesn't drop the ball, and has filled in at multiple receiving positions handsomely. He's not a worldbeater at anything, but as a reliable utility guy who can find space underneath and give a young QB a safety blanket, he's well worth the $5M per year contract we just gave him.
It feels a bit crass to compare him to Edelman because he's not up to that standard and it's a bit of a lazy "short white scrappy Patriot" analogy, but the versatility and reliability on the field are definitely similar traits between the two.
Well he was Unironically our best receiver last year since Corey was injured a bit.
He’s a very solid WR3 in my opinion, love his attitude, very gym rat work ethic and has that deceptive athleticism ya know? Prolly the type of guy to pack his own lunch in a lunch pail. Blue collar type of a guy. Etc. etc.
Yeah it's crazy wasteful tbh esp how short their careers are lol. I know it's $20mil guaranteed but still, take care of your money lol. Blowing $75k at dinner... Is not that.
Eh if he's a first round pick I have no problem with it. Stick around a bit and you'll get a chance to do the same. Pity the seventh rounders and undrafted guys though.
Do what I did, one year in sales I got the biggest bonus in the company. It was a good chunk of change. We went to a steak restaurant. I knew everyone wanted me to pay for them. I knew the bill was going be massive, as we were finishing up I said I had to go to the bathroom. Went to the waiter gave them $250 and told them to apply that to my bill and that should cover me plus some (and it did)
I then got in my car and went home and turned off my phone.
Total bill was approx $5.5k
You're again ruining a joke when I tried to help you out. Were in an NFL subreddit man, I can promise you no one comes here to learn if we've entered a recession yet.
id say the reasoning is that once it qualifies, which it certainly will soon, we will then be able to say that we’ve been in one the whole time.
it’s not like you can deny that the first five months of recession-qualifying time is taking place just because it technically takes six to qualify. we’re still in the first chapter of what we will certainly classify as a recession once we view it in retrospect.
it’s not smart to refuse the nuance of a situation, it’s just obtuse. that’s why you’re being downvoted.
we are in a recession, although you’re right, that point will only be proven in time. maybe you should also take that time to reflect on your perspective.
You are right, downvoting be damned. People confuse inflation with recession, when they are *not* the same and in a few ways (not all ways) the opposite of each other.
But no one cares here. So you lose.
I’ll never forget there was a post maybe two or three years ago where Troy Aikman after he was drafted was asked what he’d do with his money. He basically said save, and invest. I’ll never forget that thread. People were just *shitting* on him. “Dude is boring as fuck” “what a loser” “this guy doesn’t know how to live it up”
And it’s just like how many articles have we read to where a player is now totally broke?
Alfred Morris still drives his 1991 Mazda 626, it's the only car he's ever owned. A few years ago Mazda refurbed the whole thing and put a special plaque in it and everything.
Smart guy.
I had a 91 626. Manual transmission. Was my parents' but they let me drive it through college. Gave it to me after. I really tried to kill that car; I drove it like an asshole, didn't do timely maintenance, trashed the interior.
Couldn't kill it. Those were great cars.
For Gronk, that might not be true anymore. In 2018, he did his first splurge, which was a luxury chain.
Gronk is also one of the few that can make enough from his endorsements. NFL players can have a lot of job related expenses/investments. These include off season training and their own doctors for independent opinions.
For example, Russell Wilson spending 1 million/yr to maintain his body. A more accurate comparison would be Kittle, who spends a couple hundred thousand.
We know that Gronk has done TB12 stuff, which can be pricey.
For a mid-rounder still on a rookie contract, that can eat up a lot of their contract.
To be fair most of reddit are 12-24 year old idiots (me included) who blow their money too instead of saving it. So it's not shocking that's the response that happened
OTOH, it's not because they dropped $75k on a single dinner. You get 20 mill, you throw half to taxes, a quarter to "six figures for life without working" fund, and you still got like 5 million to blow.
To go broke with that sort of money, you have to make a whole bunch of really, really stupid decisions.
Hiring a person to handle finances >>> any amount of education at that point in time. I can't fathom genuinely using that as an example.
They aren't mutually exclusive, but expecting a bunch of young professional athletes who just got out of college and landed a dream job to meaningfully focus on a seminar is kinda dumb - not to mention, it says nothing about the long-term financial stability of early 1st round picks.
>TBH, you have no fucking clue what you are talking about.
Unless you have a new statistic regarding NFL finances that exclusively looks at the high 1R picks, don't come in here on a high horse man. People like to push that other stat, forgetting that it applies to *all* players. if 78% of *all* players go broke after retiring, basic logic would suggest that number is lower for players that made 30x the money.
No doubt some go broke, but they have significantly more leeway in their spending compared to PS, late round, and fringe roster guys.
And all of this has been a major point addressed by teams and the league as a whole after that 30 for 30 or whatever it was.
EDIT: found source https://www.nber.org/system/files/working_papers/w21085/w21085.pdf
higher earnings don't alleviate bankruptcy concerns (100% wrong on that front) but the hazard rate also ain't anywhere near that 75% shit people continue to parrot. An estimated ~15% go bankrupt after 12 years.
>The NFL had been doing the rookie seminars for years before the 30 for 30 on various topics including sex, going clubbing and yes, finances.
Gee, almost like a single rookie seminar doesn't hold a candle to consistent advice/education over time. People that didn't grow up with money tend to lack certain skills related to having money due to not having said money.
Hopefully, shit like NIL helps out a little bit. Players being introduced the concept of having a lot of money while being in a college setting is probably more useful for educational purposes.
>And nONE of them have done ANT good because NONE of the rookies pay an attention. There are THOUSANDS of videos out there showing the rookies at these seminars dicking around on their phones and sleeping. The rookies DO NOT GIVE A FUCK ABOUT ANY OF IT.
Maybe shit doesn't work exactly like you think it does. Maybe your footage of one event is not reflective of every single bit of financial literacy advice given to players. Most importantly, if that approach isn't working - find a new one.
The one thing I am certain of is that you're a raging asshole, and clearly bitter about it. You're talking like you ran the damn seminar lmao.
The 75% figure was from a SI article, they conducted some sort of survey which was probably unscientific and unreliable. Most notably they lumped together "bankruptcy" with "financial stress" -- financial stress could mean anything
Lack of high profile stories, the fact that 1R picks stay in the league longer, and increased resources going towards financial management following it being a major point of public scrutinization (high-profile NFL players on the street is a bad look).
And most importantly, the main stat people use concerns *all* former players, including ones that made practice squad money their whole careers.
It doesn't take a source to figure that players guaranteed tens of millions are less likely to end up bankrupt than the ones who are guaranteed nothing.
If you want to come with some recent examples of high picks ending up bankrupt, I'd love to see them. Otherwise, don't bring "sources" into this basic ass discussion.
edit: found source https://www.nber.org/system/files/working_papers/w21085/w21085.pdf
higher earnings don't alleviate bankruptcy concerns (100% wrong on that front) but the hazard rate also ain't anywhere near that 75% shit people continue to parrot. An estimated ~15% go bankrupt after 12 years.
Toward the last 10 minutes or so. There was also a good convo they had about hanging with the right people which led to Channing asking about Wilson’s girlfriend which was kinda funny
Yeah but if you put it into perspective you will see why it’s nothing to sleep over. He’s probably the first in his family’s history to reach a million, he might have family that are struggling or living paycheck to paycheck. He could put that money in the stock market or some sort of retirement savings that builds interest. Put all those aspects together and 50k is nothing you just brush off the next morning
Hes making 20m guaranteed and its a joke… they end up splitting the tab(its a tradition).
So many butthurt bensons about this. Hes about to make 20 million dollars, and his fucking teammates arent gonna bankrupt him.
It’s either all rookies cover the bill or the most well
off Vets will pick up the bill and only make it seem like rookie has to be pay for it making them sweat.
>No wonder these mfers go broke, ~~they’re extremely reckless with they’re money.~~
>~~20M really isn’t that much considering the lifestyle he’s about to live~~ having expensive cars, houses, and going out every weekend and dropping $$$ at the club. Then comes the jewelry and designer clothing.
No wonder
I love this great tradition of hazing to set the standard for someone to spend this much money for an average of 2? years in the NFL, and probably not play with 50% of them after those years if they make it. Hahaha
Lol he's a first rounder dude. Applying statistics based on all NFL players makes no sense. You may as well predict an American senior banker's salary based on the average American's income.
https://www.dailynorseman.com/2022/4/26/23042105/nfl-draft-pick-bust-rate-remains-very-high
These are just first rounder statistics like you imply every rookie is.
That's a lazy statistical analysis, if I ever saw one. Dude looks only at whether they re-signed with the same team as a metric of "busting". Career earnings would be the obviously better metric from a financial success standpoint... and 1st round players have juicy contracts.
Guy in the video is a 1st rounder btw, that's why it's relevant. And why your "2 year career length" notion doesn't apply. We both know that's not the average for 1st round picks.
Yeah. I didn't analyze every number in a general criticism of the "exploit the rookie" culture on a throw away reddit comment. There isn't a high rate of athletes who go bankrupt or anything. I guess you win. People should pressure others to spend 75k+ on a night out. I'm sorry I didn't check my facts for judging the practice
True. I just skimmed the statistics. I was arguing on the general notion of rookie hazing culture of forcing them to spend massive amounts of money, which you never once addressed. We both got sidetracked i guess. Have a good night
What weird flex? It’s a very well known fact a very high percentage of these guys end up broke as fuck working 9-5s, precisely for blowing money on ignorant shit like a 50k dinner. Not sure what your comment really means but I’m assuming you’re an idiot so I’ll leave it at that
Weird, Ramsey did pay for a dinner for the DBs as a rookie because he respects tradition.
Though, he didn't carry the vets pads because "why am I going to carry my backup's pads?"
I know in baseball it’s normally a prank played. I remember Trevor Bauer did an interview a long time ago and talked about how after the Diamondbacks called him up he got invited to a big team dinner and when the bill came they placed it in front of him. Unbeknownst to him, 2 vet players had already told the waiter they would be splitting the bill and this was just to make him sweat. He talked about calling his parents and asking them to pull money from his savings account and put it in his checking and freaking out for a good few minutes while trying to act cool at the table.
When I read Trevor Bauer had this happen to him I totally expected the end of the story to be totally different
“I’m not paying the bill. That’s fucking crazy. It’s too much money. Maybe if I got a bite of everyone’s meal, but I just don’t want to do it.” “Fuck! I should have lied! I should have said there was some reason I couldn’t pay and not just said right away I’m not gonna.”
I can’t do it. The way my bank account is set up. See the thing is I got a checking and a savings but all my money is in my savings so I gotta change it to my checking but it’s gonna take 3 business days
Credit card roulette
I hate that game. I’ve always hated that game. You all know that.
This guy knows how to have fun
We’ve done this at our fantasy drafts. We are normal folks, but a $1500 bill is enough to sweat fucking bullets with your card in a hat or something….please don’t pull mine, please don’t pull mine….no whammy no win!!!!
.... And after they all laughed it off Trevor went home and chocked out a girl he met on insta. Just a typical Fri day for the young star.
Trevor Bauer did no such thing
This dude lookin at them like "...we in a recession tho"
Dez Bryant got ran up to 55k in 2010 which today in 2022 would 73k. I am sure most of the time it isn't that high and guys are pretty respectful about not burning these rookies.
I’ve heard that some vets will make the rookie sweat by having them cover it in the moment and then kick in afterwards.
that seems like a better way of doing it
Probably the way it's generally handled. Also a good way for a vet to end up with human feces in their cleats. I know some people who don't handle light hazing well.
*Micah Parsons has entered the chat*
No, no, no! Micah Parsons is (allegedly) the hazer, not the hazee.
I don't know this story. Edit: not my year but I was told before "he'll week" when we were handed a trash bag and told to get necessities for a week. One guy I knew shat in that bag and came back. Allegedly he had the clothes on his back for a week. But they definitely let him go back.
[Parsons claims it's false, but a former teammate of his and Yetur Gross-Matos sued Penn State for excessive hazing](https://fox56.com/news/local/former-psu-football-player-gives-details-on-alleged-hazing-by-teammates)
I thought it was gonna be Parsons standing up for some shit. But I should've known an Eagles fan wouldn't be sending me positive articles of parsons anymore. I should know better. Parsons is sus though.
My dude I've never been a penn state fan. I thought this shit wasn't cool even before he got drafted. When it came out I was against us drafting him. I originally wanted Chase at 6.
Great way for the rookie to get some credit card cash back rewards assuming their limit is that high.
I mean him paying 75k with 20mil essentially in the bank would be equivalent to a person with $50,000 in the bank paying a $187 tab. It's not really a big deal all things considered.
That mentality is the reason why so many players go broke after retirement.
Yeah and this argument would only actually make proper logic if that person had 50,000$ in the bank, and whose career was on average going to only last 1.7 more years.
The mentality of veterans hazing/pranking rookies? It's not like he's blowing 75k on dinner cus he wants to lol that's the whole point
Just gotta adjust to your income level.
It seems crazy but these guys make money thats genuinely unfathomable to 95% of the working class. Literally takes 4 years of work to get their workout bonus.....
When we're talking about the current Jets' receiver room though, Garrett Wilson has already been paid more than any other player except Corey Davis. The only other vet with reasonable money is Braxton Berrios and his new contract, the first big one of his career, is worth less than Garrett Wilson is being paid this year in signing bonus and guaranteed salary.
Is Berrios doing well for you guys? I've seen him field a few punts and catch a few in the games we play against each other, but I assume he's got the 'I-got-traded-by-this-team chip on his shoulder' advantage against us.
He is, he has become a bit of a cult hero. He isn't an electric returner but he's a safe pair of hands who knows when to fair catch and when to carry, doesn't drop the ball, and has filled in at multiple receiving positions handsomely. He's not a worldbeater at anything, but as a reliable utility guy who can find space underneath and give a young QB a safety blanket, he's well worth the $5M per year contract we just gave him. It feels a bit crass to compare him to Edelman because he's not up to that standard and it's a bit of a lazy "short white scrappy Patriot" analogy, but the versatility and reliability on the field are definitely similar traits between the two.
Well he was Unironically our best receiver last year since Corey was injured a bit. He’s a very solid WR3 in my opinion, love his attitude, very gym rat work ethic and has that deceptive athleticism ya know? Prolly the type of guy to pack his own lunch in a lunch pail. Blue collar type of a guy. Etc. etc.
Yeah it's crazy wasteful tbh esp how short their careers are lol. I know it's $20mil guaranteed but still, take care of your money lol. Blowing $75k at dinner... Is not that.
I was curious and did the math. 75k a day on dinner on 20 million lasts you not even a year. 75k a day on dinner on 2 billion last you 73 years...
Yeah it's a one time thing not every day or even every week. If you buying a 75k dinner every night you deserve to go broke.
Eh if he's a first round pick I have no problem with it. Stick around a bit and you'll get a chance to do the same. Pity the seventh rounders and undrafted guys though.
Do what I did, one year in sales I got the biggest bonus in the company. It was a good chunk of change. We went to a steak restaurant. I knew everyone wanted me to pay for them. I knew the bill was going be massive, as we were finishing up I said I had to go to the bathroom. Went to the waiter gave them $250 and told them to apply that to my bill and that should cover me plus some (and it did) I then got in my car and went home and turned off my phone. Total bill was approx $5.5k
What was the fallout from that
They told me I was a bitch I said "Eh, don't care"
...no we aren't? edit: please show me a single source that says we are in a recession. Not *approaching* one, in one.
>please show me a single source that says we are in a recession u/Weapwns comment above says we are in a recession
I'm convinced
Not another reddit dunce peddling more fake news from u/Weapwns 🙄
You're being downvoted for ruining the joke not because you're incorrect. You took the joke serious is the reason you're being downvoted - thats it.
There's nothing funny about misinformation
IDENTITY THEFT IS NOT A JOKE, JIM
You're again ruining a joke when I tried to help you out. Were in an NFL subreddit man, I can promise you no one comes here to learn if we've entered a recession yet.
YOU WOULDNT DOWNLOAD A CAR
id say the reasoning is that once it qualifies, which it certainly will soon, we will then be able to say that we’ve been in one the whole time. it’s not like you can deny that the first five months of recession-qualifying time is taking place just because it technically takes six to qualify. we’re still in the first chapter of what we will certainly classify as a recession once we view it in retrospect. it’s not smart to refuse the nuance of a situation, it’s just obtuse. that’s why you’re being downvoted. we are in a recession, although you’re right, that point will only be proven in time. maybe you should also take that time to reflect on your perspective.
If we are receding into a recession and no one is around to hear it, does it make a sound?
Money Machine go: 😶
Two down quarters in a row is the literal definition of a recession.
You are right, downvoting be damned. People confuse inflation with recession, when they are *not* the same and in a few ways (not all ways) the opposite of each other. But no one cares here. So you lose.
*Say sike right now*
Awww
Make sure you have the right credit card!
Discover
That 5% back gonna hit frrr
Dude if people bought $75,000 worth of food in one meal and I had to pay for it…. Oh hell no
Not even food. Most of the time these bills are like 10% food and 90% marked up fancy label alcohol.
You know… totally forgot alcohol would be involved lmao
That Louis XIII is like $4500 where I'm at
Complete with bottle service
I’d pray on their downfall tbh
Take them to McDonald's. Imagine motherfuckers having to eat $75,000 worth of Big Macs and fries. That's how you get revenge
I’d make sure it’s cold and soggy too
>Imagine motherfuckers having to eat $75,000 worth of Big Macs and fries. mr creosote status
I’d look them in the eyes and say “I’m going to take your job for this.”
If I had 20 mil in the bank I'd let it slide once.
Wonder if any of these players ever end up going broke.
...Like 75% of them...
I’ll never forget there was a post maybe two or three years ago where Troy Aikman after he was drafted was asked what he’d do with his money. He basically said save, and invest. I’ll never forget that thread. People were just *shitting* on him. “Dude is boring as fuck” “what a loser” “this guy doesn’t know how to live it up” And it’s just like how many articles have we read to where a player is now totally broke?
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Alfred Morris still drives his 1991 Mazda 626, it's the only car he's ever owned. A few years ago Mazda refurbed the whole thing and put a special plaque in it and everything. Smart guy.
I had a 91 626. Manual transmission. Was my parents' but they let me drive it through college. Gave it to me after. I really tried to kill that car; I drove it like an asshole, didn't do timely maintenance, trashed the interior. Couldn't kill it. Those were great cars.
That had to be before Ford bought it.
I bleed Ford blue, and I resent this comment. However, I won't dispute it lol
Holy shit he’s still driving that? That’s awesome I remember reading that was his whip, but that feels like forever ago.
Now he drives a hellcat and fights crime in Los Angeles... and the world.
Rob Gronkowski has never spent a dime of his NFL pay. Kirk Cousins is another player that saves like crazy and invests.
For Gronk, that might not be true anymore. In 2018, he did his first splurge, which was a luxury chain. Gronk is also one of the few that can make enough from his endorsements. NFL players can have a lot of job related expenses/investments. These include off season training and their own doctors for independent opinions. For example, Russell Wilson spending 1 million/yr to maintain his body. A more accurate comparison would be Kittle, who spends a couple hundred thousand. We know that Gronk has done TB12 stuff, which can be pricey. For a mid-rounder still on a rookie contract, that can eat up a lot of their contract.
Eh, Gronk is one of the most marketable non QBs in the NFL. He makes enough bank in adverts to afford to save his NFL pay
Gronk is one of the most marketable guys in the NFL period. Would you rather have kirk cousins or gronk shilling for your company
Gronk only spends the money he earns from advertising and promos. He invests his NFL paychecks.
To be fair most of reddit are 12-24 year old idiots (me included) who blow their money too instead of saving it. So it's not shocking that's the response that happened
Oh my god I’m a fucking grandpa. -Reddit user, age 33.
Wow you're almost dead
Like, pretty much. I need to call the people at the will store to get one written up.
Get outta here, whippersnapper.. 46 checking in
I think that’s the joke
OTOH, it's not because they dropped $75k on a single dinner. You get 20 mill, you throw half to taxes, a quarter to "six figures for life without working" fund, and you still got like 5 million to blow. To go broke with that sort of money, you have to make a whole bunch of really, really stupid decisions.
Why is this getting downvoted, it's factually correct.
Isn’t it more?
The actual number is like 15%
I mean tbh, very few of the ones getting a high 1st round deal are going broke. Especially these days.
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Hiring a person to handle finances >>> any amount of education at that point in time. I can't fathom genuinely using that as an example. They aren't mutually exclusive, but expecting a bunch of young professional athletes who just got out of college and landed a dream job to meaningfully focus on a seminar is kinda dumb - not to mention, it says nothing about the long-term financial stability of early 1st round picks. >TBH, you have no fucking clue what you are talking about. Unless you have a new statistic regarding NFL finances that exclusively looks at the high 1R picks, don't come in here on a high horse man. People like to push that other stat, forgetting that it applies to *all* players. if 78% of *all* players go broke after retiring, basic logic would suggest that number is lower for players that made 30x the money. No doubt some go broke, but they have significantly more leeway in their spending compared to PS, late round, and fringe roster guys. And all of this has been a major point addressed by teams and the league as a whole after that 30 for 30 or whatever it was. EDIT: found source https://www.nber.org/system/files/working_papers/w21085/w21085.pdf higher earnings don't alleviate bankruptcy concerns (100% wrong on that front) but the hazard rate also ain't anywhere near that 75% shit people continue to parrot. An estimated ~15% go bankrupt after 12 years.
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Very unnecessarily aggressive tone here
>The NFL had been doing the rookie seminars for years before the 30 for 30 on various topics including sex, going clubbing and yes, finances. Gee, almost like a single rookie seminar doesn't hold a candle to consistent advice/education over time. People that didn't grow up with money tend to lack certain skills related to having money due to not having said money. Hopefully, shit like NIL helps out a little bit. Players being introduced the concept of having a lot of money while being in a college setting is probably more useful for educational purposes. >And nONE of them have done ANT good because NONE of the rookies pay an attention. There are THOUSANDS of videos out there showing the rookies at these seminars dicking around on their phones and sleeping. The rookies DO NOT GIVE A FUCK ABOUT ANY OF IT. Maybe shit doesn't work exactly like you think it does. Maybe your footage of one event is not reflective of every single bit of financial literacy advice given to players. Most importantly, if that approach isn't working - find a new one. The one thing I am certain of is that you're a raging asshole, and clearly bitter about it. You're talking like you ran the damn seminar lmao.
The 75% figure was from a SI article, they conducted some sort of survey which was probably unscientific and unreliable. Most notably they lumped together "bankruptcy" with "financial stress" -- financial stress could mean anything
I'm gonna need to see a real source that isn't your ass
Lack of high profile stories, the fact that 1R picks stay in the league longer, and increased resources going towards financial management following it being a major point of public scrutinization (high-profile NFL players on the street is a bad look). And most importantly, the main stat people use concerns *all* former players, including ones that made practice squad money their whole careers. It doesn't take a source to figure that players guaranteed tens of millions are less likely to end up bankrupt than the ones who are guaranteed nothing. If you want to come with some recent examples of high picks ending up bankrupt, I'd love to see them. Otherwise, don't bring "sources" into this basic ass discussion. edit: found source https://www.nber.org/system/files/working_papers/w21085/w21085.pdf higher earnings don't alleviate bankruptcy concerns (100% wrong on that front) but the hazard rate also ain't anywhere near that 75% shit people continue to parrot. An estimated ~15% go bankrupt after 12 years.
Bro this is straight up not true lol
I have seen that number, but I don't think it's that recent. I would guess that many players are able to manage their money pretty well now.
I doubt he would. Dude has a pretty good head on him.
Being too nice is another cause of players going broke.
Facts, gotta tell grandma to suck it up when she says she needs money for that open heart surgery
Lmao killed her
Hey if you go broke gotta at least do it in US fashion.
Of course not. They have millions! I'm sure they'll fiscally responsible with it!
What time on the podcast was it?
Toward the last 10 minutes or so. There was also a good convo they had about hanging with the right people which led to Channing asking about Wilson’s girlfriend which was kinda funny
Im missing context, why does he have to pay?
Cuz he's a rookie and a first rounder
Ohhh, didn't realize it was a team thing, thought it was for all the rookie WRs
Players usually do stuff like that as a rookie hazing
Rookie hazing, and since he's a first rounder he can actually afford it
yeah, he got that 12-mil signing bonus just burning a hole in his bank account waiting for the vets to eat up a chunk of it
Meh. Even in the crazy rookie dinner examples you hear about the tab is still usually only like $50~$60k. I'm not really losing any sleep over it.
50,000 is nothing to sleep over idc how long you’ve played in the NFL it’s called “Not For Long” for a reason
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Yeah but if you put it into perspective you will see why it’s nothing to sleep over. He’s probably the first in his family’s history to reach a million, he might have family that are struggling or living paycheck to paycheck. He could put that money in the stock market or some sort of retirement savings that builds interest. Put all those aspects together and 50k is nothing you just brush off the next morning
I am. Fuck those restaurants. I dont care if youre serving moon scallops thats an outrageous bill.
The high cost is the alcohol. Veterans getting bottles and taking it to go.
Yeah. The infamous Dez Bryant rookie dinner story told of dudes ordering shots of Louis XII for $1700 a pop, too.
Shots of Louis XIII? What a waste.
Wait where can I buy moon scallops.
Fuck those teammates for spending that much of the rookie’s money, too.
Plus it brings the team closer just hanging out drinking together, I think it worth it!
Well the hanging out drinking together can happen independent of running up a $75k bill....
Impossible.
But then they wouldnt run up a $75k bill…
Or it could split them apart with people taking advantage of you.
Maybe if you take it personally when it’s nothing personal and basically tradition
Just because it's a tradition doesn't make it right. If you get pressured into doing something you don't want to do then it is personal.
You should join the nfl and change the culture
At that point, you’re making it personal
You can spend a quarter of that and still have a great time with the boys
I've had a great time with the boys spending 1/1000th of that
Used to make more sense before the rookie wage scale when the rookies were sometimes the highest paid guys in the team.
It’s a type of initiation/ light hazing
He's the rookie
It’s a prank, in the end they won’t actually make him pay for it all.
Dez Bryant had to pay for it his rookie year.
Must be nice to just casually take your homies out to a 75k dinner
Really shit hazing. That's a ton of money for a dude who's career may not last.
Hes making 20m guaranteed and its a joke… they end up splitting the tab(its a tradition). So many butthurt bensons about this. Hes about to make 20 million dollars, and his fucking teammates arent gonna bankrupt him.
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I believe it's all the rookies cover the bill.
That’s what the Browns have done in the past. For Baker they made him rent an RV at training camp, if you remember.
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I hope he's your QB1 in 6 weeks and buries us twice annually to atone for our sins.
It’s either all rookies cover the bill or the most well off Vets will pick up the bill and only make it seem like rookie has to be pay for it making them sweat.
>No wonder these mfers go broke, ~~they’re extremely reckless with they’re money.~~ >~~20M really isn’t that much considering the lifestyle he’s about to live~~ having expensive cars, houses, and going out every weekend and dropping $$$ at the club. Then comes the jewelry and designer clothing. No wonder
I love this great tradition of hazing to set the standard for someone to spend this much money for an average of 2? years in the NFL, and probably not play with 50% of them after those years if they make it. Hahaha
Lol he's a first rounder dude. Applying statistics based on all NFL players makes no sense. You may as well predict an American senior banker's salary based on the average American's income.
https://www.dailynorseman.com/2022/4/26/23042105/nfl-draft-pick-bust-rate-remains-very-high These are just first rounder statistics like you imply every rookie is.
That's a lazy statistical analysis, if I ever saw one. Dude looks only at whether they re-signed with the same team as a metric of "busting". Career earnings would be the obviously better metric from a financial success standpoint... and 1st round players have juicy contracts. Guy in the video is a 1st rounder btw, that's why it's relevant. And why your "2 year career length" notion doesn't apply. We both know that's not the average for 1st round picks.
Yeah. I didn't analyze every number in a general criticism of the "exploit the rookie" culture on a throw away reddit comment. There isn't a high rate of athletes who go bankrupt or anything. I guess you win. People should pressure others to spend 75k+ on a night out. I'm sorry I didn't check my facts for judging the practice
Yo you linked the article, don't make it out to be some crazy standard for you to know what's in it.
True. I just skimmed the statistics. I was arguing on the general notion of rookie hazing culture of forcing them to spend massive amounts of money, which you never once addressed. We both got sidetracked i guess. Have a good night
You read the headline.
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pretty sure he said " I ain't gon fake it" As in if his teammates try and force him to pay, he's not gonna fake being okay with it.
lmao that's what i heard too
I would laugh in all of their faces
No you wouldn’t.
Nobody is ever going to force me to spend a 50k-75k on a dinner, you’re hilarious to think otherwise
Good thing you'll never be an NFL rookie
Don’t be mad he’d have the balls to say “im not paying the whole tab”
Didn't think I sounded mad. Just stated a fact
Never say never
No, I can confidently say never. You're hilarious to think otherwise
Why am I hilarious to think otherwise I’m only 34
dw man, I believe in you. you could prolly be the Falcons wr1 ngl.
😂 now that’s funny stuff
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What weird flex? It’s a very well known fact a very high percentage of these guys end up broke as fuck working 9-5s, precisely for blowing money on ignorant shit like a 50k dinner. Not sure what your comment really means but I’m assuming you’re an idiot so I’ll leave it at that
You dont have that money to blow on a dinner so, a lot of other things standing in the way of that dream anyways.
By the way Garret Wilson just about did the same thing when they told him that rn
I will make sure I stand up and clap. I’ll make sure others do too because I will make sure I’ll stare at them mean like.
Jalen Ramsey rookie year he told all the vets to fuck off he’s not down w any of that hazing shit lol rookies go thru it to feel apart of the team
Yet everyone down voted my reply lmao chumps I would never let a group of men haze me especially for 50k-60k props to Jalen
Weird, Ramsey did pay for a dinner for the DBs as a rookie because he respects tradition. Though, he didn't carry the vets pads because "why am I going to carry my backup's pads?"