Exactly this!!. Even a guy like Campoli hase made 5 million dollars in their career. They can't put aside a mil or two for when they retire??
Come on!!
Before taxes. Take away roughly half of career earnings (taxes + union fees + agent dues, etc) and you'd have a better estimate of how much a player actually gets. Still a lot obviously, but it's not like Campoli has 5M sitting in a bank somewhere.
Before taxes. Take away roughly half of career earnings (taxes + union fees + agent dues, etc) and you'd have a better estimate of how much a player actually gets. Still a lot obviously, but it's not like Campoli has 5M sitting in a bank somewhere.
I remember back in 94 during the lock out. I had lost all hopes. Especially in an era where there was no internet, limited gaming, only source of entertainment was hockey. It was so bad. One day I was watching Sportsdesk( now sportscenter) Ken Hodge broke the news, there's an agreement. One of my happiest day of my life.
Today I scored a winning goal in soccer at the hangar with 3 seconds to go. Been a very good start, nothing would make my 2013 than a deal . I, ever the optimist
10-15 years?! How many players have 10 to 15 year careers?
well even if you went league minimum for 5 years. what is that, 4 or 5 million made in your life before 30. Thats more money than many will see in a lifetime.
Unless you figure, his life is over. He is an imbecile. Cant work and cant figure out anything else he can do for another 35 years of his working life.
If thats the sticking point for players, then their is a problem.
Its similar situation to the owner in terms of revenue sharing. Its something internally the league has to do to make the league sustainable.
This is a situation where the players need to be looking to themselves and saying we need better guidance in terms of finance, how to invest etc and there union is the one who should be informing them
I'm sure most of them are fine with their money because it's really not that hard when you have that much, you can tell about what kind of salary bracket you'll be in, and most of them have financial advisors.
What the union is concerned about is people who end up with injuries/sudden drops in production who don't get to sign those sweetheart DiPietro deals - that's the class of player that has to struggle the most after retirement because they wouldn't budget appropriately.
Before taxes. Take away roughly half of career earnings (taxes + union fees + agent dues, etc) and you'd have a better estimate of how much a player actually gets. Still a lot obviously, but it's not like Campoli has 5M sitting in a bank somewhere.
Campoli has played professional hockey for 5 years. He has made 5M dollars. Lets say after all taxes, expenses, fees, etc he walks away with 1M cash.
