The money aspect of Luck's retirement.

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  • August 26, 2019 at 9:54 am #104321
    Avatar photoBilly_T
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    In my view, much too much is made about the short time players have to be players — at least when the talk is about financial security.

    The median income for a single American — as opposed to a household — is roughly 30K. I’ve seen some estimates that place it bit higher. But the range tops out at roughly 40K. For households, it’s in the 51-60K range.

    So, the half-way point for a single American, over the course of their entire working life, is in the 2 to 3 million range. Cumulatively. More or less. Most NFL starting players make that in one season. They make as much in one season as half the working population makes in their entire working lives — again, give or take.

    And when you get it all in one lump sum, at one time, you have far more options for money to make money, obviously. Even with historically low returns on savings, if a player can salt away a few million, they never have to work again for as long as they live. A very conservative return on, say, three million should yield close to 90K a year.

    Obviously, not everyone is making QB money, and most QBs aren’t making #1 pick money. Luck signed a rookie deal for 22 million, for instance, and received 14 million in bonus money.

    Andrew Luck Salary: How Much Was Colts QB’s Contract?

    So that initial contract alone gave him financial security for the rest of his life, easily. Even after taxes, agent and management fees, etc. etc., he could have spent lavishly and still put away well over 10 million. As in, he could have retired after five years and never worked again.

    Given the pounding he took and the threat to his health, especially his brain, that would have been the smart way to go. I’m baffled that any fan would boo the guy.

    August 26, 2019 at 10:26 am #104323
    Avatar photozn
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    Martellus Bennett@MartysaurusRex
    Football doesn’t care about players. Players are starting to realize that more and more. The game gets what it needs from you then moves on. Now that players are getting what they need from the game and moving on it’s fucking up the ecosystem

    Albert Breer@AlbertBreer
    I’ve seen people make comparisons. To me, the Andrew Luck retirement most closely mirrors the way my dad used to talk about Gayle Sayers — basically that he should’ve been the best, it was all there, then it was just over while he had so much left to give.

    𝒥𝒾𝓂 𝐸𝓋𝑒𝓇𝑒𝓉𝓉@Jim_Everett
    Thought: Whats not being discussed with the Andrew Luck story is the possibility that contract insurance (held by either by himself or the club) would honor the remainder or a portion of his contract if he was forced to retire injured. #PayUp

    Full Dissident@hbryant42
    Let’s also remember the reason why these early retirements are so “shocking” is because fans have no professional respect for athletes. They don’t respect pain. They use money as the response to every question, and cannot fathom any decision that rebukes the sports biz in any way

    Zak Keefer@zkeefer
    Probably no surprise, but fans calling Colts HQ today, demanding refunds for their season tickets.

    Will Brinson@WillBrinson
    Colts fans have had two decades — literally — of nearly uninterrupted franchise quarterbacks fall in their lap and the second adversity strikes they want a refund. Grow up.

    AngryNFLScoutVet@angryscout2
    Luck is not some pansy who just didn’t want to rehab. My guess is rehab wasn’t helping and he couldn’t get fully right. Those attacking Luck should probably talk to him. He certainly isn’t complaining about a helmet like some. I’m sure playing was gonna be more dangerous 4 him.

    Russell Lande@RUSSLANDE
    I would also add that until people see what NFL training rooms look like on day after game and while players are rehabbing injury they have no idea the amount of physical toll the game takes on players and how hard it can be to come out relatively healthy on the other end.

    ==

    August 26, 2019 at 6:51 pm #104340
    Avatar photozn
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    Ed Werder@WerderEdESPN
    Jacoby Brissett was among the few Andrew Luck told of his retirement in advance. “I was shocked, which I’m sure everybody was,’’ he said. “Then we had long conversations and emotions were going back and forth. He was smiling at the end and that’s what helped me gain clarity.’’

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