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09-21-2012, 04:24 PM
  #310
Mike8
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Quote:
Originally Posted by waffledave View Post
We are talking about a period of 30-40 years. Inflation is low at the moment but over the long term we are looking at 2-3%...So your 4.5% growth is not quite as much as it seems. Factor in taxes, and even 4.5% growth on $3 mil isn't really enough to support a higher end lifestyle.

These guys live in multi million dollar homes. Not $250,000 condos in Montreal. I don't fault them for trying to make as much cash as possible, life is expensive when you have money.



Long term it will increase.
That 4.5% will incorporate inflation anyway, so it's not too relevant to this discussion.

$135,000 as a base salary, after having already bought a nice property(s), is healthy living for an average to below average NHLer in his retirement. With an average to above average job on top of that base salary, you're looking at $200,000 a year. If the wife works at all, that becomes $250,000. That's without touching the savings.

That actually is enough cash to support a good life. Remember -- we're not talking about higher end players here who are accustomed to spending a ton. Nor are we talking about someone who wants to 'live it up' because, if we were, then they'd be looking to get more than an average paying bluecollar job. This is the average NHLer who only put away $3m by the end of their career. To be honest, most NHLers should wind up with more than that in their bank account, but we're being conservative in all of our estimates here. Even if we're looking at $4m here, then that base salary per annum becomes $180,000.

Nevertheless, I agree with your premise: that an NHLer, like any rational individual, will want to maximise their salary.

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