Tiny's Stock Drops as 1st Rounder....

[thebjd]

I remember back in 2000 there was some lanky kid out of Michigan that did not impress at the combine and he got drafted in the 6th round. I think his career has been pretty good.

Who was it? It is so common I can't recall who this player is.

 

[BigOrangeTrain]

Who was it? It is so common I can't recall who this player is.

I know. QB's with 3 Super Bowl rings are so common right?

 

[thebjd]

I know. QB's with 3 Super Bowl rings are so common right?

My point is he is an exception just like the 3-star that wins a Heisman. Back on topic I would like to see the Falcons get Tiny in the 3rd round.

 

[Dave1967]

I wouldn't mind the Falcons getting Tiny Richardson if he drops to the 2nd round

 

[thebjd]

I wouldn't mind the Falcons getting Tiny Richardson if he drops to the 2nd round

That o-line needs some help and Tiny in round two would be very nice.

 

[TrueOrange]

I know. QB's with 3 Super Bowl rings are so common right?

Exceptions don't make them the norms.

 

[NashVOL93]

OK finance major. You make $350K a year. You lose 36% to the feds and 4% to SS. You may lose say 5% to the state tax depending on where he gets drafted and another cut for some city taxes (NY or Philly for example). The agents cut is at least 5% more. So that $350K is now down to around $175K. Then he needs an apartment or house and car, probably $3000-$5000 a month for that. So now he is down to around $120K or so. Food, clothes, gas, entertaining etc. probably takes another couple thousand a month. So how many people can you sustain on say $5000-$7000/mo. for only three years? At the end of 3 years, he has actually saved virtually nothing and now is out of the league (your scenario). Good luck Tiny with that plan. It doesn't pay for much additional time at UT getting that degree, does it?

Here's some information for you, since you're so informed on financial management:
1. NFL agents can't take more than 3%.
2. $5 to 8 grand a month for a house and car? You serious, Clark? Is he buying a small palace for himself at the age of 21?
3. Another couple thousand on food/clothes/gas/entertaining? Again, you serious?
4. I hope for your sake you don't spend like Tiny allegedly will in this plan.

 

[WoodsmanVol]

Here's some information for you, since you're so informed on financial management:
1. NFL agents can't take more than 3%.
2. $5 to 8 grand a month for a house and car? You serious, Clark? Is he buying a small palace for himself at the age of 21?
3. Another couple thousand on food/clothes/gas/entertaining? Again, you serious?
4. I hope for your sake you don't spend like Tiny allegedly will in this plan.

Actually, he might not be far off. Well-known is the lack of money handling skills of too many of these young players. Which makes many broke shortly after football is over as a career for them. If Tiny has 10 cents worth of brains, he will imitate that young NBA player who employed a financial advisor and a mandatory savings plan for himself. But too many don't and go for the flash and splash lifestyle. Pick up hanger ons, women who love them as long as they have money and are squandering it on them and worst of all go night clubbing. Places best stayed away from if you value your life and money. There's always someone trying to get you to spend, whether it's a real estate agent or a gold digger.

 

[NashVOL93]

Actually, he might not be far off. Well-known is the lack of money handling skills of too many of these young players. Which makes many broke shortly after football is over as a career for them. If Tiny has 10 cents worth of brains, he will imitate that young NBA player who employed a financial advisor and a mandatory savings plan for himself. But too many don't and go for the flash and splash lifestyle. Pick up hanger ons, women who love them as long as they have money and are squandering it on them and worst of all go night clubbing. Places best stayed away from if you value your life and money. There's always someone trying to get you to spend, whether it's a real estate agent or a gold digger.

No doubt that there are plenty of distractions out there. As long as you have money, there will always be someone trying to separate you from it. That being said, he said in his release that the main reason he was going pro was to support his family/mother. That's a noble goal and one I hope he succeeds in. If he's serious about it, he'll be smart with his new found wealth. Maybe somebody can give him a Dave Ramsey DVD now that his eligibility is up.

 

[WoodsmanVol]

No doubt that there are plenty of distractions out there. As long as you have money, there will always be someone trying to separate you from it. That being said, he said in his release that the main reason he was going pro was to support his family/mother. That's a noble goal and one I hope he succeeds in. If he's serious about it, he'll be smart with his new found wealth. Maybe somebody can givd him a Dave Ramsey DVD now that his eligibility is up.

Agreed. :good!:

 

[Burger]

No doubt that there are plenty of distractions out there. As long as you have money, there will always be someone trying to separate you from it. That being said, he said in his release that the main reason he was going pro was to support his family/mother. That's a noble goal and one I hope he succeeds in. If he's serious about it, he'll be smart with his new found wealth. Maybe somebody can givd him a Dave Ramsey DVD now that his eligibility is up.

Good financial planning starts with keeping track of pennies. He needs to set goals for himself and maybe go take an accounting course. You learn a lot from it. It worked for me, and I know how to interpret statements now.