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OL Taylor Decker (Detroit Lions)

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Per Dave Birkett of the Detroit Free Press,
Decker has signed a 4-year deal that is guaranteeing him $10,966,978.
The former Big Ten Offensive Lineman of the Year will receive
a signing bonus $6,175,984 and receive base salaries of
$450,000 in 2016,
$948,499 in 2017,
$1,446,998 in 2018
$1,945,497 in 2019.

Not too shabby for a 21-year old, although it's the second contract in which NFL players make they money that will take care of them for life.
 
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NJ-Buckeye said:
Per Dave Birkett of the Detroit Free Press,
Decker has signed a 4-year deal that is guaranteeing him $10,966,978.

... Not too shabby for a 21-year old, although it's the second contract in which NFL players make they money that will take care of them for life.
Click to expand...

One would need to collect salary of $250,000 per year for 44 years to equal what Decker will make over the rookie contract period.

I think that could "take care of him for life" right there. Good on him.
 
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MaxBuck said:
One would need to collect salary of $250,000 per year for 44 years to equal what Decker will make over the rookie contract period.

I think that could "take care of him for life" right there. Good on him.
Click to expand...

He will net about $7MM after the government takes theirs

He's 21 so he will, on average, live another 64 years

$7MM today was worth about $780K in 1952 (64 years ago) dollars

Anyone want to have tried to live on $780K since 1952?

Not to get off on a political tangent but what our government has done in devaluing the dollar is criminal
 
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Jaxbuck said:
He will net about $7MM after the government takes theirs

He's 21 so he will, on average, live another 64 years

$7MM today was worth about $780K in 1952 (64 years ago) dollars

Anyone want to have tried to live on $780K since 1952?
Click to expand...
Had one invested $780K in equities (index fund equivalent) in 1952, they'd be living the life of Riley right now.

I'm sure Taylor can afford good investment advice.
 
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MaxBuck said:
Had one invested $780K in equities (index fund equivalent) in 1952, they'd be living the life of Riley right now.

I'm sure Taylor can afford good investment advice.
Click to expand...

That is the point, you can't be 100% in equities for 64 years if you have to draw an income off of it and live on that.

As absurd as it sounds, 7MM today isn't enough to live comfortably on for the next 64 years. Hopefully he is getting advice that at least makes him aware of that.
 
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MaxBuck said:
Had one invested $780K in equities (index fund equivalent) in 1952, they'd be living the life of Riley right now.

I'm sure Taylor can afford good investment advice.
Click to expand...
I'm not the greatest with spreadsheets, but I plugged in $7M, and then gave 5% interest per year, while taking out $250K a year to spend, adjusting the spending money for annual inflation rate of 3.22% (US average since the government started keep stats in 1913). Without making another dime, he could live for 41 years at an inflation-adjusted income of $250K before he ran out of money.
 
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MililaniBuckeye said:
I'm not the greatest with spreadsheets, but I plugged in $7M, and then gave 5% interest per year, while taking out $250K a year to spend, adjusting the spending money for annual inflation rate of 3.22% (US average since the government started keep stats in 1913). Without making another dime, he could live for 41 years at an inflation-adjusted income of $250K before he ran out of money.
Click to expand...

Sort of making my point.

And looks like you're better at spreadsheets than the average BPer.
 
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