-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.
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.)
ReplyDeleteHe 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.