Well, I had an interesting discussion with a friend of mine about whether all NFL players are millionaires or not. We both assumed they were but it turns out that’s not exactly the case. Sure, the top names in the NFL—Tom Brady, Aaron Rodgers, etc.—all rake in monster salaries, but the reality is that most wholesale nfl jerseys from china players aren’t millionaires.
Let’s start with the facts. The average cost of a player’s four-year rookie contract start is around $4 million. But when you factor in the exact number of players that make the roster for each club, the average player’s salary drops to about $2.1 million. With that salary, they’re set for life and living comfortably…but it’s still a far cry from millionaire status.
Also, the gap between the elite players and the average ones is pretty large. Many stars make tens of millions a year, while lesser-known players may be signed to a two-year deal for the minimum salary of around $570,000. That’s still a ton of money, don’t get me wrong, but it’s not enough to get anyone close to being a millionaire.
What’s more, when their careers are done, they’re no longer making the huge salaries they’re accustomed to. If they don’t have a backup plan in place–a business, a second career, investments—they can quickly find themselves in financial trouble. A lot of former players have had to file for bankruptcy, despite their big salaries while playing in the league.
But here’s the thing; although many players don’t become millionaires during their tenure in the NFL, most of them end up pretty well off. The average salary for an NFL player in 2019 was $2.7 million. That’s more than double the average salary of a typical American. Plus, they’re eligible for additional benefits such as pension plans, health insurance, and disability insurance.
Plus, the average NFL career is relatively short, only about three and half years. After that, if former NFL players are smart with their money, they can go on to live financially secure lives. All in all, while not all NFL players end up millionaires, most of them have enough to financially secure themselves and their families.
Still, the higher earners of the NFL enjoy their fare share of wealth. While most NFL players make far less than most millionaires, the top earners easily pocket over $30 million a year. Take Pat Mahomes, for example. He was just signed to a 10-year contract worth a staggering $503 million. Yeah, that’s enough to make him a millionaire many times over.
And there are other ways for NFL players to make a lot of money too. They can make millions in endorsements, as well as through investments and other business ventures. Take Shawna Robinson, for example. She’s a former NFL player who went from being a backup quarterback to becoming a highly successful businesswoman, eventually amassing over ten million dollars in net worth.
So, are all NFL players millionaires? Not quite. Most make plenty of money and have enough to secure their financial future, but there are just a handful of stars that make more than the average millionaire. So yeah, while some NFL may be millionaires, — these few and far between — most nfl Jerseys players live very comfortable lives without ever reaching millionaire status.