Did he talk to them before they were in the portal or not? Seems the ncaa reg was clear.
"Certainly understandable" only if they dont teach economics anymore...... lets say someone got a million, after taxes that is now below 700,000. Hopefully all of them plan on living 70 more years.... so now we are down to less than 10k a year. Then factor in inflation and todays 10k may be down to 5k or less by year 70. Seems focusing on a good degree and career prospects would lead to a much better situation..... And most arent getting a million....
So my question is are we inferring he did something wrong or unethical? This is college athletics 2025. I despise it, but it is reality.
Economics 101: $700,000 invested in a very conservative stock fund would yield at a minimum 5% annually: That is $35,000 per yr without touching the principal. Alternatively, leaving the entire amount invested would give you [assuming age 20 when you got the after tax 700k] a bit over $3,000,000 at age 50. Assuming 3% inflation, that $3 mil would have a value equivalent to roughly $1.4 mil in 2025 dollars.
A. I have been averaging over 10% for 20 years. I think 5% is a very reasonable number.
B. The smart ones will invest most of it. The not-so-smart will blow it in year 1.
C. The smart ones will get a job and manage their windfall for retirement. The not-so-smart will have to get a job, since they blew their money when they got it.
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