Budgeting: Coming out of college and making $500k means NFL players can spend money on things that other people their age can’t afford.The average person receiving $500k over 8-10 years will pay less in taxes because that income is spread out over multiple years, and they get to start from $0 each year. By the time a player receives $500k in one year, he will have been hit hard with taxes. That benefits lower-earning taxpayers and greatly impacts NFL players. ![]() The IRS doesn’t consider how much you made last year or will make next year when determining how much you owe THIS year. Taxes: The average college graduate making $50k per year is going to benefit from paying less taxes due to lower tax rates.2 So, why is it that the average ex-NFL player doesn’t look, financially at least, like your average retiree? The NFL minimum rookie salary ($495,000 in 2019) is almost 10 TIMES what the average college graduate receives for an entry-level salary! 1 The average person in the workforce with a college degree earns about $2.25M in their lifetime, or at least what NFL players will earn over the life of their rookie contract (first four years). But, what’s next? It’s a well-known fact that the average NFL career is 3.5 years. After the stadium lights turn off, what’s next? Oftentimes, an NFL player’s first full-time job is playing professional football.
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