-Alright, let's pretend he'll be taxed 35% as a baseline (just to make it simple)...now my favorite Boiler of all time only starts with $65,000,000 (wah-wah).
-Let's also pretend that he doesn't have a penny to his name (which isn't close to true)...so he's starting out at zero.
-The King of New Orleans is currently 33 years old...and the average life expectancy is 78.2 years (it's less for NFL players, but since he's not a lineman, his life will probably be near the US average). So, let's say Brees has around 45 years left to live.
-If that's the case, Andrew Christopher Brees can spend $3,348.55, each day for the rest of his life...and still leave $10,000,000 to his wife and two children to help them get by.
This calculation takes into account no investments...so these numbers would come from the J Money form of saving- stuffing it in a couch cushion in your parents' basement and taking it out as needed.
Now, it does sound like it'd be difficult to spend $3,348/day...so I have an idea- A fellow Purdue alum, let's call him "Doilerbowd" recently started a clothing company along with a few friends. If Purdue's (arguably) greatest football player ever wanted to invest a mere $100,000 in this venture...he'd still have $3,342.46 to spend per day...and is there any doubt he'd get a return on that investment? I think not.
Just something to chew on, Drew & Mickey (because I'm sure they regularly visit this site).
Hey, if someone's gonna get paid a boatload of money, I'd prefer it'd be someone who gives back and is easy to cheer for...Brees is both. I also like seeing guys who are great get what they deserve. According to the market value, Brees is getting precisely what he deserves.
Congrats to Drew and family.
1 comment:
He could pay all the expenses of the entire athletic department in 2010-11 ... and have over $40 million left in pre-tax dollars. (Purdue's expenses were about $59.3 million.)
He could reimburse every single Purdue ticketholder ... for almost 10 years. (Ticket revenue was $10.2 million in 2010.)
He could pay the salary of every Saints player in 2011, including himself ... twice. (Fox Sports lists their payroll as $49.447 million.) He may need to think about that - somewhere in that contract, the Saints will have a high cap number and significant needs.
Good for him. Teams don't hesitate to dump players they don't need: players shouldn't feel bad about getting every dollar they can while they still have leverage.
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