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NFL star saves 100% of salary
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Topic: NFL star saves 100% of salary (Read 3101 times)
JetBlast
Bristles
Posts: 496
NFL star saves 100% of salary
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on:
April 08, 2021, 11:20:49 AM »
New Orleans Saints running back Alvin Kamara recently revealed he's quite the saver. He's spent nothing from his four years of salary in the NFL, living entirely off endorsement deals. His new contract is worth up to $75 million so I suspect he may allow a few indulgences but will still leave the league with an incredible stash of investments to use for the remainder of his life. Nice to see a story of a pro athlete that recognized the vulnerability of their earnings from the start and isn't going to be broke two years after they stop playing.
https://www.cnbc.com/2021/04/07/nfl-star-alvin-kamara-hasnt-spent-a-dime-of-his-football-earnings.html
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socaso
Pencil Stache
Posts: 698
Re: NFL star saves 100% of salary
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Reply #1 on:
April 08, 2021, 02:56:25 PM »
Good for him!
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Dicey
Senior Mustachian
Posts: 22388
Age: 66
Location: NorCal
Re: NFL star saves 100% of salary
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Reply #2 on:
April 08, 2021, 09:44:08 PM »
What a badass! Wonder what he's making from endorsements?
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Zamboni
Magnum Stache
Posts: 3886
Re: NFL star saves 100% of salary
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Reply #3 on:
April 08, 2021, 09:54:19 PM »
^Probably A LOT!
Still, with all the high profile stories about guys who blow all they earn and more, it's always nice to read about frugal guys who save for the future.
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partgypsy
Walrus Stache
Posts: 5227
Re: NFL star saves 100% of salary
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Reply #4 on:
April 24, 2021, 07:51:17 AM »
I worked with a young women who was engaged and then married to a college football playe (went to the wedding). We actually talked about this thing (sports figures may have a very short career, make bad investments). She was really upfront about how he made sure to leave school with a decent degree, and was planning on going into broadcasting when he couldn't play anymore. And even just talking about where she was going to live, and what kind of house, they both had good heads on their shoulders. He actually ended up playing pro ball for 16 years and retired a few years ago. Good for him! But basically he is an exception that proves the rule.
https://en.wikipedia.org/wiki/Patrick_Mannelly
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Last Edit: April 24, 2021, 07:59:24 AM by partgypsy
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cool7hand
Handlebar Stache
Posts: 1319
Re: NFL star saves 100% of salary
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Reply #5 on:
April 25, 2021, 07:08:19 AM »
Thanks for sharing!
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cheapbarb
5 O'Clock Shadow
Posts: 22
Re: NFL star saves 100% of salary
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Reply #6 on:
April 27, 2021, 05:31:06 PM »
Rob Gronkowski lived on endorsement income too.
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Psychstache
Handlebar Stache
Posts: 1600
Re: NFL star saves 100% of salary
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Reply #7 on:
April 27, 2021, 07:36:21 PM »
Quote from: cheapbarb on April 27, 2021, 05:31:06 PM
Rob Gronkowski lived on endorsement income too.
I think Gronk lives on high fives and Natty Lite.
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NFL star saves 100% of salary