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Timby
Dec 23, 2006

Your mother!

Gully Foyle posted:

Do the Raiders get to keep these cameras or do they disappear into an NFL vault on the 12th?

All the audio-visual gear is the networks' property.

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Timby
Dec 23, 2006

Your mother!

The337th posted:

The other problem is that those same young men have zero financial aptitude for the *how* part of helping out anyone in need, if they're coming out of generational poverty, which is branching off into a different topic than the raw idea of helping family being a mistake.

I also brought that up thinking way more about the low-mid tier player who's gonna be lucky to even hit a 2nd contract and lock down generational wealth. You've probably gotta gently caress up along the way to burn 8 figure type money, but if it gets much lower than that, you're in trouble fast if you had a league average career and have league average prospects on what you're going to do after football.

I don't know if the NFL and if MLB still do this, but it used to be that all rookies had to go through mandatory financial literacy classes around the start of camp, basically explaining to these players that they have newfound generational wealth and it's easy to blow it all very, very quickly during your first contract (especially explaining just how much comes out of their contracts, between taxes, agent fees, management fees, etc.). MLB players, especially international ones, are preyed upon even more; it's not uncommon for them to be conned into signing as much as 35 percent of their lifetime earnings to the agent who plucked them out of the DR or Cuba or whatever.

With NFL players, especially, a lot of them are the first in their families to go to school, and then they get handed mega-deals, more money than they've ever seen in their lives. And then the family and the hangers-on come, and Mom wants a new garage and sister needs a new car and Uncle Jim has a really great idea for a restaurant, he's got a solid business plan, honest, he just needs some investment money for the property and the capital to keep things going for six months while the place gets running and up on its feet and before you know it, that $17 million signing bonus is long gone, Uncle Jim needs another four months of operating money because the place just isn't getting the crowds he expected, your other sister now expects a car, and, welp, your career went sideways and it looks like you're not getting that fifth-year option and you're looking at signing somewhere for league-minimum.

Timby fucked around with this message at 02:11 on Feb 3, 2024

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