These first-hand accounts of professional athletes on Derek Jeters The Players Tribune are unique and must reads for young athl;etes aspiring to go to the top of their sport: I learned that my big $125k bonus shrinks awfully fast (the Feds take their taste first, so that saw $50,000 of the signing bonus go pffft! into the pockets of Uncle Sam). My agent took another 3 percent for getting me the bonus. So that left me with $71,250. The wildly irresponsible thing to do would have been to go out and buy a GMC Denali — everyone was buying those stud-sized, fully loaded SUVs that would set a guy back $70,000 (and leave me without enough money to insure the damn thing). No, I was not that reckless guy. Instead, I bought a Ford Bronco for $28,000. Did I need a new Ford Bronco that wiped out more than a third of my remaining bonus? No, I did not. I should have bought a used Ford Bronco for half that price, but what did I know? There was no one around to tell me what to do, and I probably wouldn’t have listened anyway. After getting my bonus and my Bronco, I played two years in the minors before I made it to the NHL with Detroit. My first NHL paycheck was for $14,500. And what did I do with that? I bought a Jeep Cherokee. theplayerstribune/the-new-avery-rule/
Posted on: Thu, 22 Jan 2015 15:48:55 +0000
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