FC: Saquon Barkley and money.

[BobPSU92]

See the link below. From the article:

"NEW YORK -- New York Giants running back Saquon Barkley bought his parents a new house and didn't need his first contract to make it happen.

That is where some of that fresh endorsement money from Nike, Pepsi and Panini America is headed. Barkley doesn't plan to use his football earnings on any lavish purchases, such as the home he recently bought for his family in Whitehall, Pennsylvania.

Barkley hasn't even signed his rookie contract with the Giants, who made him the No. 2 overall pick in this year's draft.

"Once I realized when I declared for the NFL draft and kind of realized where I was going to be drafted, that was something I was like, 'You know what? Kind of want to follow the Marshawn Lynch method. I don't want to touch that. I want to invest it, put it in the right peoples' hands and learn as I continue to make investments. And just live off the endorsement deals,'" Barkley said on the red carpet for the CC Sabathia Celebrity Softball Game on Thursday night.

He plans to follow in the financial footsteps of players such as Lynch and New England Patriots tight end Rob Gronkowski. They have both made an effort not to spend their NFL paychecks, and instead capitalize on their marketability.

"That's the goal," Barkley said. "Not to touch it.""

http://www.espn.com/nfl/story/_/id/...arents-new-house-plan-spend-football-earnings

Just an amazing young man in all respects.

 

[royboy]

Saw that article and was about to post it.

Good for Saquon.

 

[pandaczar12]

Plus he always has that realtor license to fall back on.

 

[royboy]

"Obviously it's special," Barkley said. "I just hope I can set an example for future athletes and other athletes that, planning on doing something like that, I was able to do that without signing my contract," he said. "That just shows that so far I've been making a lot of right decisions and surrounding myself with a great team. They have been able to help me a lot. I have to give a lot of credit."

 

[interrobang]

I mean, he's probably making 7 figures from those various endorsement deals. He can live very happily on that until his NFL career is over and then do whatever he wants after the NFL and never have to worry about money

 

[Chickenman Testa]

Everyone should watch the 30 for 30 “Broke”.

Good for Saquon. Especially stay away from “investment-grade diamonds” like that dope Drew Brees.

 

[Woodpecker]

I wonder if he's talked to John Urschel about finances.

 

[Nitt1300]

I'm just here so I don't get fined

 

[Obliviax]

kid has a shot to be one of the all-time greats in the mold of LeBron and others who excel at their sports but are also great role models. We are because you were!

 

[PSU_1991]

I wonder if he's talked to John Urschel about finances.

I remember a tweet by John when he was still at PSU. Someone had parked right up against the driver side of that small car (Nissan?), so he couldn't open the door. He hoped no one was watching as he got in the passenger's side and tried to maneuver his 300 pound body over to the driver's seat.

 

[PSUSignore]

I'm just here so I don't get fined

I guess I never thought of that interview approach being a sound financial move. Beats the alternative I guess!

 

[LionJim]

Everyone should watch the 30 for 30 “Broke”.

Good for Saquon. Especially stay away from “investment-grade diamonds” like that dope Drew Brees.

I would be shocked if this wasn’t required viewing every year at training camp.

 

[artsandletters]

I’ve read that Tiger used to live on his paltry tour winnings.

 

[T J]

I wonder if he's talked to John Urschel about finances.

Thinking the same thing Woodpecker.

Urshel had far less NFL income, so it was very wise to bank as much as possible, as a nice nest egg that can grow over time.

Saquon is blessed with an upfront bundle and much higher yearly sums. With wise investments and reasonable spending, he could set up generational returns for his family.

Most NFL players only have a few years to bring in nice paychecks from their playing time. The time can go quickly.
Careful planning can make a huge difference.


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[LionJim]

Thinking the same thing Woodpecker.

Careful planning can make a huge difference.
​

And learning to say no. It's my recollection that Ron Artest had an entourage of thirty people when he was a rookie.

 

[phillybillyreprise]

https://en.m.wikipedia.org/wiki/Personal_finances_of_professional_American_athletes

 

[Woodpecker]

And learning to say no. It's my recollection that Ron Artest had an entourage of thirty people when he was a rookie.

You think that you can pare yours down to that size?

 

[LionJim]

You think that you can pare yours down to that size?

Not if you include my dogs. I’ve quite a menagerie.

 

[ILLINOISLION]

Not if you include my dogs. I’ve quite a menagerie.

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