Thread: News Article: Devellano CBA Comments
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09-27-2012, 08:25 AM
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Originally Posted by Nac Mac Feegle View Post
It's not that cut and dry.

Someone making half a million or more pays a much higher percentage of their income in taxes. There are also higher expectations both professionally and privately - Gary Roberts charges upwards of $10k for the total package of training/nutrition, etc, players also pay out of pocket for a significant amount of ice and gym time, and, of course, as a famous/wealthy person, there are much higher security expenses (especially in teh US and for families) as well. And let's not forget charities; these guys are all but required to hand over a big chunk of change to nearly anyone at their door with hat in hand. And let's not forget the frequent moving expenses - especially for journeymen.

Then you figure most guys are out of the league by 35. That money has to last one hell of a long time.

Sure, guys who plan it right are sitting pretty, but a lot of them aren't. I seriously doubt PJ Stock, for example, wanted to star in a Depends commercial. Most of these guys don't have all that much of an education, and a lot of them end up putting their money into terrible investments (Phillips may not be so keen on his beer bar in a few years when it's out of business) - or have it stolen outright.
Ever priced out an MBA?

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