Rolando McClain retires after one week with the Ravens

[Mr. Scot]

Lots of guys 'retire' till a team - or sometimes a certain team - comes calling.

 

Wonder how committed Vince Young is to his 'retirement'.

[Da Birdman]

lmaoooo

 

I'm a noob here, so I don't know who that is you quoted in your sig, but that is just awesome. 

[iamhubby1]

I've always wondered why more people don't just do that. Play 5 or 6 years, get rich then retire with your body intact.

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I would say that the vast majority of guys don't make enough to just retire after 5-6 years. Late round guys, and UDFA don't get big contracts. It takes them a long while to get to the point where they can make the money to walk away.

[Ivan The Awesome]

The Ravens must have appreciated his hard work a little too much.

[CatMan72]

The Raiders... LOL

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[panthers55]

I would say that the vast majority of guys don't make enough to just retire after 5-6 years. Late round guys, and UDFA don't get big contracts. It takes them a long while to get to the point where they can make the money to walk away.

There is retiring from football and retiring from working the rest of your life. 5 or 6 years at the vet minimum (which escalates each year so that in year 5 and 6 it is 730 thousand a year).  All together you would have earned at least 3 million so you would have perhaps 1 million in the bank if you didn't blow it after taxes.  Surely plenty to start your own business or invest in something that would give you a steady income going forward.  How many people retire at any age with a million dollars in the bank? 

[weyco2000]

http://espn.go.com/dallas/nfl/story/_/id/11164046/rolando-mcclain-dealt-dallas-cowboys-baltimore-ravens-unretire?ex_cid=null

Lee's replacement

[Mr. Scot]

Well, his character certainly fits in Dallas.

[iamhubby1]

There is retiring from football and retiring from working the rest of your life. 5 or 6 years at the vet minimum (which escalates each year so that in year 5 and 6 it is 730 thousand a year).  All together you would have earned at least 3 million so you would have perhaps 1 million in the bank if you didn't blow it after taxes.  Surely plenty to start your own business or invest in something that would give you a steady income going forward.  How many people retire at any age with a million dollars in the bank?

But it takes a minimum of what, 4 years to get to vet minimum. So those bottom tier guys don't make nearly that much. 200 thousand or so for those type players. With a small raise each year. By year 4 or 5 they may be making 400k.

Yes, some guys can walk away after their first contract. But there are a lot more that cannot.

[Zaximus]

But it takes a minimum of what, 4 years to get to vet minimum. So those bottom tier guys don't make nearly that much. 200 thousand or so for those type players. With a small raise each year. By year 4 or 5 they may be making 400k.

Yes, some guys can walk away after their first contract. But there are a lot more that cannot.

 

I think the lowest salary of a player, first year, is $250k, and it increases by $50k each year I believe.

 

Not to mention they have to pay their agent, and then taxes crush them, they aren't like mega-millionaires getting rich off capital gains, these guys get Wesley Sniped hard. 

[iamhubby1]

I think the lowest salary of a player, first year, is $250k, and it increases by $50k each year I believe.

 

Not to mention they have to pay their agent, and then taxes crush them, they aren't like mega-millionaires getting rich off capital gains, these guys get Wesley Sniped hard.

I agree. Most players need to get to that second contract to have a chance at making any substantial money. But if they do, they can, if they plan well, pretty much retire in good shape.

I ain't saying that no one in the NFL can't retire early. But those lower tier guys have to make smarter decisions to do so than the rest of their colleagues.

Still a hellofa way to make a living though.

[GRWatcher]

I think the lowest salary of a player, first year, is $250k, and it increases by $50k each year I believe.

 

Not to mention they have to pay their agent, and then taxes crush them, they aren't like mega-millionaires getting rich off capital gains, these guys get Wesley Sniped hard. 

 

Something to consider too is health coverage. Players aren't covered in the NFL's long term retiree health benefits until they've played for 4 years. This has to be part of their long term outlook. If a player was close to 100% healthy they could walk away early. But if there were any injury concerns, especially lingering from college, they'd be better off signing at minimum for 4 years and warming the bench.

[panthers55]

The minimum salary in the NFL is 420,000 for a rookie. And no it doesn't take 4 years to get the vet minimum, it starts out when you are a rookie.  Each season you are in the league it goes up.  For a guy going into his second year it is 495,000 or right at half a million.

 

Here is a chart so people don't keep pulling random numbers out their butt.  The new CBA radically changed the pay rate for top players down but all players way up.

 

http://www.spotrac.com/blog/nfl-minimum-salaries-veteran-discounts/

[panthers55]

I think the lowest salary of a player, first year, is $250k, and it increases by $50k each year I believe.

 

Not to mention they have to pay their agent, and then taxes crush them, they aren't like mega-millionaires getting rich off capital gains, these guys get Wesley Sniped hard. 

As noted above they make almost twice as much as you surmised and it goes up by almost 70 K each year after.

 

The maximum an agent can receive is set by the CBA at 3%.  Here is an article which discusses and surmises that most agents get less than that and often foot bills for lots of things especially their first year.

 

http://mmqb.si.com/2013/12/19/nfl-agents-recruit-draft-prospects/

 

The total taxes on 450,000 assuming no writeoffs and deductions is around 42%.  So your number of 250,000 is likely close to what they actually take home which is pretty good for a rookie.

 

http://www.advisorsquare.com/new/b-f-c/Tax%20Rate%20vs.%20Taxable%20Income%20Chart.PDF