HOW A $1.2 MILLION NFL CONTRACT CAN TURN INTO $30,000

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Earn Your Leisure

Earn Your Leisure

Күн бұрын

Пікірлер: 674
@nasuno23
@nasuno23 4 жыл бұрын
Young brothas need to listen to this.
@derrickrhame4077
@derrickrhame4077 4 жыл бұрын
I WANT THIS ISH VIRAL ON FB
@andrewparker2574
@andrewparker2574 2 жыл бұрын
As a UK NFL I knew about the lack of guaranteed money, but the different taxes from state-to-state for a a few hours work, crazy. Fantastic podcast.
@gwop8423
@gwop8423 4 жыл бұрын
That’s Dak Prescott’s Clone on the right
@donaldrobinson7063
@donaldrobinson7063 3 жыл бұрын
Pak Drescott
@daquanmcdonald7104
@daquanmcdonald7104 3 жыл бұрын
If he never went pro
@ryand4533
@ryand4533 3 жыл бұрын
I was thinking he looked crazy familiar lolol
@GetintheCAH
@GetintheCAH 3 жыл бұрын
Daquan McDonald yeah definitely hahhahah
@tchoopee5143
@tchoopee5143 3 жыл бұрын
With Jay-Z’s voice
@timsmusic7349
@timsmusic7349 2 жыл бұрын
It’s brutal to have to live not knowing when you get cut and you go from maybe $700 a week to instant $0.00. It’s especially harder when you’re family have little resources to offer support and you’re always one injury away from not having any chance to play. Pro sports is a brutal struggle for most.
@cashrules520
@cashrules520 3 жыл бұрын
Homie needs his own podcast, so much he wants to say
@TopFlightSecurity415
@TopFlightSecurity415 3 жыл бұрын
I can see why players hold out for bigger contracts
@trix2153
@trix2153 3 жыл бұрын
Bigger contracts mean nothing without guaranteed money. Thats what he is saying.
@BiggBossAjay
@BiggBossAjay 2 жыл бұрын
@@trix2153 bigger contracts usually come with some good guaranteed money
@jaydab
@jaydab 2 жыл бұрын
Yep!
@FastDuDeJiunn
@FastDuDeJiunn 2 жыл бұрын
@@trix2153 cant fixe stupid.
@chicagokid8735
@chicagokid8735 2 жыл бұрын
All the time bro that why I see why player will sit out for not getting all they money
@shanecapps9601
@shanecapps9601 2 жыл бұрын
As a sports enthusiasts that was the most absolute best interview and breakdown I've heard ..thanks for the info and some light on the salary subject
@DM-bx1zv
@DM-bx1zv 2 жыл бұрын
"You're never really on the team." A sobering reality for nearly all NFL players -- except Matt Ryan of the Atlanta Falcons. He's locked in regardless of who comes and goes -- Coaches, GMs, players, etc.
@reefb4364
@reefb4364 2 жыл бұрын
He’s not the only one- I believe Pat Mahomes can actually say that also.
@NoBrakes219
@NoBrakes219 2 жыл бұрын
@@reefb4364 andy has been coaching the whole time with KC before/when Mahomes got there, Matt is on his 4th head coach and lord knows how many new Oc’s and Dc’s lmao
@reefb4364
@reefb4364 2 жыл бұрын
@@NoBrakes219 I think we talking about the same thing??? Derek Carr is on his 4th coach also😂
@NoBrakes219
@NoBrakes219 2 жыл бұрын
@@reefb4364 true, not saying mahomes wont as well lol. Im just stating the here and now is all
@Jayyy64
@Jayyy64 2 жыл бұрын
Ryan sucks
@aaronstansberry2545
@aaronstansberry2545 2 жыл бұрын
To prove how powerful these owners are,they rely upon the currupt media to convince the fans that the players are greedy,and overpaid. The fan refuse to understand that the players are rich,the owners are wealthy.
@EmmanuelJenkins22
@EmmanuelJenkins22 2 жыл бұрын
Underrated comment
@Rhaspun
@Rhaspun 2 жыл бұрын
When you throw in the amount of money being made from NFL properties. The owners are making from licensing rights that all the stadium incomes.
@charles9571
@charles9571 3 ай бұрын
Add in the fact that owners also get their stadiums subsidized by taxes.
@andrejohnson1703
@andrejohnson1703 Ай бұрын
@@Rhaspun You don't like it 'don't play' get you a 9 to 5 job...
@aiconic10
@aiconic10 3 жыл бұрын
I have no idea who this dude is. You never introduce him in the video. No idea if he played in the NFL. Always introduce your guests. Especially the ones that are undrafted.
@smthmn
@smthmn 3 жыл бұрын
I definitely use to be one of those guys that judged athletes but then I learned about the taxes, especially the out of state taxes. But he just gave me more scenarios I never thought about, like that 45 minute trip. This was a good eye opener
@danielmennel4565
@danielmennel4565 2 жыл бұрын
States like TX shift the tax burden to the middle and working classes through state sales taxes and nearly every locality in TX adds a sales tax on top of the state tax. While high income earners do better in states like TX, the average citizen pays more in TX than they would in CA. Of course the cost of housing is higher in CA so just because the government isn't taking a bigger cut doesn't mean someone else won't
@funkdocdoppelganger7720
@funkdocdoppelganger7720 3 жыл бұрын
I know a few guys that's played in the NFL... they explained all of this... everything that glitters ain't gold... when you watch ESPN or NFL network and see that contract info at the bottom the screen , yeah it looks and sounds great... but none of it is guaranteed except your signing bonus... and a 3 year extension means nothing... he could still be there only one more year .. 3 year deal worth 15 million , 9 million guaranteed sounds great , but the taxes , insurance, agent fees , will eat you up... plus all the clauses in the contract, some are realistic and others are unrealistic... I learned so much about the pay and the ways of the league ..
@daquanmcdonald7104
@daquanmcdonald7104 3 жыл бұрын
I told ppl we don't know what those contracts say all we hear is the pay...
@JD-tn5lz
@JD-tn5lz 2 жыл бұрын
Yeah, ESPN and the others want to put the Big number out there to get you interested in the article/interview. Real life is boring as far as ESPN is concerned
@MGR-yj9ln
@MGR-yj9ln Жыл бұрын
you know 0 people who played in NFL
@kcluu9390
@kcluu9390 2 жыл бұрын
As a tax accountant that worked with a few agents and their clients, this is absolutely true.
@omarr4360
@omarr4360 4 жыл бұрын
If this thing gets taken down, you doing the right thing✊!!
@laryanryan9170
@laryanryan9170 3 жыл бұрын
Why would it be taken down? Everyone knows this already.
@DESIGNS-vo1mt
@DESIGNS-vo1mt 3 жыл бұрын
So is he doing the wrong thing, because it's still up
@owdeezstrauz1268
@owdeezstrauz1268 2 жыл бұрын
This has to be the most educational NFL video I've ever watched.
@JamesDiggins-ep9wp
@JamesDiggins-ep9wp 8 ай бұрын
Yeh he is a clone. L.O.L
@MdhLV
@MdhLV 2 жыл бұрын
When you see how difficult it is to even make it to the NFL you can understand why they get paid as much as they do. It's a business. They deserve every penny
@user-gj6yb2qc7e
@user-gj6yb2qc7e 2 жыл бұрын
The NFL is the easiest league to make it to out of all of them.
@steadydropnem
@steadydropnem Жыл бұрын
@@user-gj6yb2qc7e maybe the easiest League to make it into but the hardest League to remain in and remain consistent plus healthy injury wise so technically it’s a double edged sword not to mention bigger rosters so more opportunities but also more competition✅✅ there’s a reason the Average NFL career only last 3 years.
@doneoj
@doneoj 4 жыл бұрын
Salute to Earn Your leisure for this ground breaking black media for your eye opening reporting
@eldcool3290
@eldcool3290 3 жыл бұрын
I’m white. Don’t say black, that’s turns me off. This is just a great show. What if I said white talk show
@doneoj
@doneoj 3 жыл бұрын
This is black media! Mainstream media is white media... if you call it what is and it's white, so what??? Not sparing no feelings because you don't want to hear the term 'black'... you can keep you sentiment to yourself... i don't care
@doneoj
@doneoj 3 жыл бұрын
Also who cares if the term black turns you off? That just reveals your white supremacist attitude? No one is apologizing for being 'black'
@Tracked350Z
@Tracked350Z 2 жыл бұрын
How about you just shut the fuck up. White, black, red, orange, green, doesn't matter. You sound like a black racist which tells me you are also a fucking hypocrite. Shut the fuck up, enjoy the content, and YOU stop being racist. You are apart of what holds back the black community. See peace, instill color into YOUR brain, and see people for who they are.
@doneoj
@doneoj 2 жыл бұрын
@@Tracked350Z no one cares that you are butt hurt over the term, i would'nt be surprised if you was one of those alphabet folk, ha ha ha
@adatshhc
@adatshhc 3 жыл бұрын
The fact that guaranteed contracts aren't standard in the NFL is criminal.
@justthisguy1948
@justthisguy1948 2 жыл бұрын
Yea but nba and baseball don’t have it right either with guaranteed it’s too much power
@gregorymilanovich4384
@gregorymilanovich4384 2 жыл бұрын
That's the nature of a free market & basing your future on a career with a very short life span instead of developing skills & education that may be slower to develop. I believe this topic is covered in the hare & tortoise parable.
@mattpytlak
@mattpytlak 2 жыл бұрын
@@justthisguy1948 MLB contacts are absolutely fully guaranteed.
@KNByam
@KNByam 2 жыл бұрын
Actually it works for the NFL. All sports should have it. NFL players have to compete if they want to get paid. Look at Ben Simmons, who in their right mind wouldn't want the NFL non guaranteed contracts to apply to him right now.
@Danoliveira3
@Danoliveira3 2 жыл бұрын
@@mattpytlak bobby bonnila can attest to that!
@anthonybanks6824
@anthonybanks6824 3 жыл бұрын
Sent this to my son playing college ball. Great insight about the money and expenses.
@southeast78
@southeast78 3 жыл бұрын
The only people that really get paid are the owners!
@epsavoy
@epsavoy 3 жыл бұрын
Coaches too.
@laryanryan9170
@laryanryan9170 3 жыл бұрын
And the top tier players. And any quarterback.
@ryand4533
@ryand4533 3 жыл бұрын
Tom Brady didn't get paid? Pat Mahomes aint getting paid for real?? Players don't have overhead, owners pay a lot of bills and saleries, insurance, they make what they make because of what they spend. Its an investment if you put up $500,000,000 and buy a team you should be able to at least double that.
@southeast78
@southeast78 3 жыл бұрын
@@ryand4533 Again, the only people that really get paid are the owners. I never stated that players aren’t getting paid but one would think with the revenue the players generate, there would be a balance.
@ryand4533
@ryand4533 3 жыл бұрын
@@southeast78 Yea I understood. I’m saying the owners actually put up the money. They get the stadiums built, they carry the financial burden of the league. It’s basic business the players just show up and work. They don’t have to invest any of their own money. The players strictly profit off of the league. The owners have to reinvest over and over year in and year out. They show up to the league and invest billions. The players just show up.
@ka9202
@ka9202 3 жыл бұрын
I'm glad the NFL employs so many people but it's gotta be heartbreaking to be living moment to moment and phone call to phone call
@mpiloenhlesibanda3666
@mpiloenhlesibanda3666 2 жыл бұрын
The owners are doing it for their own good, the sport is so dangerous you can lose a person after one blow. So the extra people are there to replace the casualties.
@TyTyslickster
@TyTyslickster 2 жыл бұрын
This is definitely an eye 👁 opening interview 😳 about NFL player life.
@blacksheep6683
@blacksheep6683 Жыл бұрын
Fascinating insights. Thanks for taking the time to do the interview.
@MPcurtis6
@MPcurtis6 2 жыл бұрын
Late to the game here, but this is an amazing video. Every NFL fan needs to watch this. Even people who don't know what the letters "NFL" stand for need to watch this. Great interview. I'll sub.
@raavhollywood
@raavhollywood 2 жыл бұрын
Just found this channel. I like it. You just gained a new subscriber
@cashrules520
@cashrules520 3 жыл бұрын
I see the set up. They made him play the game.. we all football is fixed/righed, he stayed for the money... he was aware of what he had to do. And he did it
@robhorton5477
@robhorton5477 3 жыл бұрын
So basically all ya entertainers u see flexin are lyin unless ur in the top 1% of ur profession..glad the truth came out
@laryanryan9170
@laryanryan9170 3 жыл бұрын
This is nothing new. It's always been that way. The top players get the big money while the lower end players like him get the leftovers. And they always have losers in their family that think they're rich and want money from them. I've known low end players who say their families are the reason they don't want to play in the NFL.
@tocu98
@tocu98 2 жыл бұрын
Well that talk was an instant sub. Was thinking when he said sorry for taking up your time Sir these men seem very invested in ever word your saying because its all very real and not a word wasted.
@RedLeo-pf9yo
@RedLeo-pf9yo 2 ай бұрын
I’m barely paying my bills right now, but I still don’t believe these millionaires should pay 50% taxes. That is highway robbery.
@mob1662
@mob1662 3 жыл бұрын
First time seeing this channel and I ABSOLUTELY LOVE IT!!! Keep spreading the knowledge brothers ✊🏾✊🏾
@GeeCoach35
@GeeCoach35 3 жыл бұрын
I'm so glad college players can now make money. Maximize your earning potential there so you can have better options once you leave school and you don't have to put your future in the hands of a business that is so unpredictable for 70% of the players, while you destroy your body. If you're a good enough athlete to be a 2 sport athlete with the other being baseball or basketball and you have a choice to which pro sport to enter, fuck the NFL. Your "love for the game" doesn't trump the fact it's a business to the team and if you're drafted and are a good player lucky enough to be good, get your money. Hell, play for money. Damn loyalty to a franchise and damn a championship even because at the end of the day when your playing days are over, unless you were one of the star players and were a marginal back up player, as time goes on, no one will remember you so I bet you'd rather retire with guaranteed millions then that championship ring.
@GoHmble
@GoHmble 3 жыл бұрын
💯rs
@warehousedave7937
@warehousedave7937 2 жыл бұрын
Man big respect to anyone who trains hard enough in college to pursue this profession knowing that it can be a gamble landing yourself a career. Takes a lot of belief in yourself. If everyone in our society had this kind of work ethic, we'd be much more prosperous.
@deebosamuel9068
@deebosamuel9068 Жыл бұрын
just be good
@jamesnash6101
@jamesnash6101 3 жыл бұрын
So, all that work in junior high, high school and College may not produce any Financial compensation?
@polopolo8105
@polopolo8105 3 жыл бұрын
It's a game anyways.
@4muttsbbq97
@4muttsbbq97 3 жыл бұрын
great conversation - a lot of insight into the financial side that many miss
@JD-tn5lz
@JD-tn5lz 2 жыл бұрын
Wow. Eye opener. Great video guys, the scale is very different, but it's entertaining to hear this guy talk about the same issues that I hear in the workplace. Taxes, personal expenses, management by penny pinching... Great job guys, I now have alot more empathy for professional athletes
@mpiloenhlesibanda3666
@mpiloenhlesibanda3666 2 жыл бұрын
Some here, it's a hard life. I thought I got it, but it's hard. I can only imagine what Ben Simmons is going through.
@epsavoy
@epsavoy 3 жыл бұрын
EXCELLENT and ARTICULATE INTERVIEW. THank you for this platform and Information.
@corey-26h14
@corey-26h14 3 жыл бұрын
Moral of the story get your education in college JUST IN CASE.
@nicholasalford5545
@nicholasalford5545 3 жыл бұрын
No get yourself a trade
@laryanryan9170
@laryanryan9170 3 жыл бұрын
This ninja said learn a trade instead of getting a degree that's paid for by the school.
@daquanmcdonald7104
@daquanmcdonald7104 3 жыл бұрын
Or invest that money I mean you get enough just by playing
@mpiloenhlesibanda3666
@mpiloenhlesibanda3666 2 жыл бұрын
True
@thevolsteadvolstead5942
@thevolsteadvolstead5942 2 жыл бұрын
@@nicholasalford5545 No! Get yourself a degree. This dude is intelligent. Max out your investment.
@RedLeo-pf9yo
@RedLeo-pf9yo 2 ай бұрын
It’s cool to hear this from a perspective of somebody that is just trying to make it. Because all we ever hear about is the NFL paying out all these big contracts. I’m glad to see Brother kept trying over and over again.
@greenpickle9606
@greenpickle9606 2 жыл бұрын
My buddy played for Tennessee for 3 or 4 years. 53 man starter. It’s a nasty business.
@bjgonz871
@bjgonz871 2 жыл бұрын
Low drafts and undrafted aren't promised anything, everyone knows the first 2 rounds are guaranteed a job ,doesn't mean they will start. The reason why most players are broke after they pay their lawyers, agents and giving family money they want to live for the moment. Some get at least 30k a week and blow it on the club,strippers ,expensive champagne and dinner,jewelry ,cars and clothes, so by the time the season ends they're broke off season
@kjjr9550
@kjjr9550 Жыл бұрын
also young during playing career. we all do stupid stuff when you are young and not thinking about retirement. For most its your first real job also.
@inkyandthebrain
@inkyandthebrain 4 жыл бұрын
Damn this shit opened my eyes. He said his checks were 4K after taxes. I make more than that selling insurance 👀
@theblessed1848
@theblessed1848 4 жыл бұрын
How do I start selling insurance ?
@derrickrhame4077
@derrickrhame4077 4 жыл бұрын
YES,the whole game is the white owners also Attorney ,Physicians etc already raped their pay check before they see 1 dam dime
@francisformlyknownasc.i.a2128
@francisformlyknownasc.i.a2128 4 жыл бұрын
Yeah and they tax you at the end of the year lol
@francisformlyknownasc.i.a2128
@francisformlyknownasc.i.a2128 4 жыл бұрын
-InkyAndTheBrain - at bittybitty lol
@alexanderthegreat5649
@alexanderthegreat5649 3 жыл бұрын
And yet people who use athletes to take out their frustrations love going "you're getting paid millions to play a sport/hobby" and use that as an excuse to talk all kinds of mad shit and really just take out their personal frustrations for not being rich. "They're rich they don't have anything to worry about I can say all this ridiculous shit about them." There's more situations like this than guys making the big bucks, yet he's looked at as the same if he got a job at Trader Joe's(like the actor from Cosby Show) which There's absolutely nothing wrong with someone working a normal job no matter what kind of celebrity they have/had it should be applauded they aren't big headed enough to think they're to good for a 9 to 5, he'd be killed as someone who "blew millions" or a "dummy for having to work now."
@sugadaddy7050
@sugadaddy7050 3 жыл бұрын
Wow. I learned a lot from this. I always knew the NFL was shady, but this was some next level dirt-baggery right here...
@LowercaseKev
@LowercaseKev 2 жыл бұрын
I tell you what. I love that he is not only a nfl player but also a financial literacy professor at a college. That's amazing
@railTaterman
@railTaterman 3 жыл бұрын
Now what shouldn't happen is you paying taxes in another state for one game you dont live there or work there for 6 months or more theres no reason to pay taxes there
@LuxeprivaeMedia
@LuxeprivaeMedia 2 жыл бұрын
or at all.... Actually @the 13 min 20 second mark. You are 💯 incorrect about Taxes being 50% off the rip. read and ask questions. Feel free to message me for the factsband how to find out for yourself. Its not what you know but what you know that isn't so... Feel free to show your lawyer and CPA this Evidence of law👇🏿 then get at me for the real info that your high payed suite will dare not show you.... For Federal tax purposes, the Federal Regulations govern. "Lyeth v. Hoey, 1938, 305 U.S. 188, 59 S.Ct. 155, 83 L.Ed. 119 Federal Crop Ins. Corp. v. Merrill, 332 U.S. 380 (1947) “anyone entering into an arrangement with the Government takes the risk of having accurately ascertained that he who purports to act for the Government stays within the bounds of his authority ... [a]nd this is so even though ... the agent himself may have been unaware of the limitations upon his authority ” Long v. Rasmussen, 281 F. 236 (D. Mont. 1922) " revenue laws are a code or system in regulation of tax assessment and collection. They relate to taxpayers, and not to nontaxpayers. The latter are without their scope. No procedure is prescribed for nontaxpayers, and no attempt is made to annul any of their rights and remedies in due course of law. With them Congress does not assume to deal, and they are neither of the subject nor of the object of the revenue laws."
@delscott958
@delscott958 3 жыл бұрын
Why sacrifice your body and ability for THEIR entertainment when they won’t even compensate you “fairly” for it. Wake up Bros.
@A_Easley
@A_Easley 3 жыл бұрын
Because they do compensate you fairly. Where else you going to make a million in a year? By being one of the top guys at most companies? These guys get it for being athletic. They made the right choice by signing the contract, but what they need to do is be better with money. Most athletes truly aren’t good with money.
@smthmn
@smthmn 3 жыл бұрын
When you love the game you love the game and the game is still paying more than regular jobs. Also what's "fairly"? They get paid pretty well. My only complaint with NFL contracts is the unguaranteed money if a guy gets hurt
@OnyoMeji
@OnyoMeji 3 жыл бұрын
@@A_Easley did you read the description....$1 mill to really making $30k. Given the amount of damage they do to their body... the pay is not worth it.
@OnyoMeji
@OnyoMeji 3 жыл бұрын
@@smthmn agreed unguaranteed contracts are just trash for what these guys put their bodies through. Contracts don't have to be in the millions. It can literally by $70k. But they don't do that, they just use these guys cut them and move on....just trash
@A_Easley
@A_Easley 3 жыл бұрын
@@OnyoMeji if you watch the video it explains it. The number doesn’t magically go down. If you are on the active team you make what the contract states. If you are a practice player you make their minimum which is around 500k+. And if you are just a player that is trying to make the team, you get compensated for that. It isn’t really as unfair as people would like to make it out to be. If you think it’s so bad then don’t sign that contract or just quit and go somewhere else.
@TrillYungWavy
@TrillYungWavy 3 жыл бұрын
The NFL is like the Military.. you don’t really reap the benefits from it until you’re out and damn near broken into pieces
@DevylsAdvocut
@DevylsAdvocut 2 жыл бұрын
Love this Brandon guy, will be a good mentor to young players after he’s done. I sense a calling for him to cover this stuff with young pro athletes.
@j3beachboy
@j3beachboy 3 жыл бұрын
I remember we use to talk to dez Bryant about the nfl one thing i remember he said if he miss a day of practice that cost him 50k
@josephmorales652
@josephmorales652 2 жыл бұрын
Cost him a teachers salary
@david1hunnitt
@david1hunnitt 3 жыл бұрын
If he would’ve made the 53 man roster he would’ve made a whole lot more, but as an undrafted player he’s not getting much or at all in guaranteed money especially before the season starts.
@BusaD2439
@BusaD2439 2 жыл бұрын
But to say you get 40k out of 1.something million is peanuts.
@TexasNewsOwL
@TexasNewsOwL 3 жыл бұрын
Just about like most jobs. You can be let go anytime. Especially if your not doing your job correctly. Rookies use to not have a cap. But rookie contracts were getting out of control with huge signing bonsuses.
@pattrell5257
@pattrell5257 3 жыл бұрын
My first cousin can relate to what he's talking about for a team in the same area(Washington Redskins). My first cousin and incoming players were sent packing for Deion and some other players(2000 or 2001).
@cb750k1974
@cb750k1974 Ай бұрын
Practice squad guys are always taxed at the teams home state......right?
@mazukamba2573
@mazukamba2573 2 жыл бұрын
Omg. all this time I thought these guys were making all this money just for fun but I see that what we call a game, is a job. Great 👍🏼 interview.
@eldcool3290
@eldcool3290 3 жыл бұрын
University of Pennsylvania. Smart guy
@whoami4558
@whoami4558 3 жыл бұрын
I dont even know how i ended up here but i did watch the whole video...it was interesting
@ezmoney1896
@ezmoney1896 3 жыл бұрын
A+ Interview. Very informative
@4Horsemen4Life
@4Horsemen4Life 3 жыл бұрын
Now I see how athletes can go through millions of dollars, so many different pitfalls and expenses.
@cortezwatson9212
@cortezwatson9212 2 жыл бұрын
Yea because they never had millions
@juscuzable
@juscuzable 3 жыл бұрын
This was extremely interesting!! Great show
@firstname5608
@firstname5608 2 жыл бұрын
This was good, everybody sees the glitz snd glam, but the behinds the scene knowledge....this need to be a required course for all rookie players
@1972dsrai
@1972dsrai Жыл бұрын
That’s a tough start to a career especially when you think you’ve signed for the next few years but get cut after four weeks. Hopefully you’ve haven’t started the spending too early with a new car which you might end up having to return. On top of that the money isn’t even guaranteed and lets not forget the income and state taxes. From London, UK.
@saritamoorebansa4485
@saritamoorebansa4485 2 жыл бұрын
Awesome video…… Honest and informative about the NFL…. Taxes should be discussed more…. Taxes are a trip for the common man let alone for Big earners….
@JD-tn5lz
@JD-tn5lz 2 жыл бұрын
Tax man will always find a way to screw the working man. Always
@LuxeprivaeMedia
@LuxeprivaeMedia 2 жыл бұрын
I discuss tax every day.....
@INSIGHTCO
@INSIGHTCO 2 жыл бұрын
Just found this; amazing interview!
@purpjones1033
@purpjones1033 3 жыл бұрын
Why the hell he getting a table at the draft knowing you not even a top 100 player
@jameschamberlain9821
@jameschamberlain9821 2 жыл бұрын
I went to school for economics and I always laugh at the owners acting like they'll go bankrupt if they pay out the money 🤣
@MauriceMamba
@MauriceMamba 2 жыл бұрын
@wh$app+① (②①⑦) ②⑦①-④③⑧⑧ all of y’all Scammers do the Same thing. You leave your messages when 1 person comments. So SICK.
@redeye7540
@redeye7540 3 жыл бұрын
Very informative, every young brotha with aspirations of becoming a professional athlete in the nfl especially should check this out
@bankstone1
@bankstone1 22 күн бұрын
Good information. The everyday fan things NFL players are ungrateful and spoiled when they hold out for guaranteed contracts, but have no idea the financial and physical sacrifice these young men make
@plaibwoy
@plaibwoy 4 жыл бұрын
This is Standard Operating Procedure of the NFL. NFL players and the players union bowed down to the owners the last time the CBA came up. If they want more guaranteed they gotta be willing to go on strike which most of them are not willing to do
@alexanderthegreat5649
@alexanderthegreat5649 3 жыл бұрын
It's hard man. I agree with you btw, but gotta look at both sides It's more guys lik this than those making anything big guaranteed and to go on strike can huet even mid level players financially let alone the rest. There's 53 man roster There's probably no more than 10 that's getting good guaranteed bucks and that's not even practice squad level players. It's hard for a person especially a man who likely has a family either wife/kid, or mom/dad that they're trying to support as well to go on strike and have ZERO income for an indefinite amount of time. I get both sides I know that real change sometimes require sacrifices and hard choices on the other side It's easy for me to tell them just make the hard choice when it's not my family being affected only way it's affecting me is I don't get to see a game.
@someperson8151
@someperson8151 3 жыл бұрын
Football is entertainment that makes money by viewers watching it. The best players (star athletes) get the most money. They're the one's the fans want to see. The rest are the supporting cast. The one's who help the stars look good.
@laryanryan9170
@laryanryan9170 3 жыл бұрын
Most of the players will tell each other to play in the NFL for a few years and try to get at least enough money to buy a nice house, a nice car and truck, and enough money to buy a small business like a fast food restaurant.
@JBoogie1977
@JBoogie1977 2 жыл бұрын
Awesome video, really informative!
@joeelwell162
@joeelwell162 17 күн бұрын
you get 17 checks ,you gotta money manger for the year
@JSustain
@JSustain 3 жыл бұрын
This is really one hell of a video! For everyone except the best and brightest ( or those with a "hook-up), the NFL is not much different from the way things are out here. Perform well, stay out of trouble, and hang on like our forefathers used to. Otherwise, go elsewhere and try again until you find what you can do. "They don't love us hoes..."
@lelandsledge1905
@lelandsledge1905 4 жыл бұрын
Can y'all make a video on the Food Truck industry?
@goodfela4
@goodfela4 2 жыл бұрын
Great insight to the business side of football
@cedricliggins7528
@cedricliggins7528 3 жыл бұрын
The NFL really is a plantation! Thanx for the video. I had no idea.
@rodinowright6591
@rodinowright6591 3 жыл бұрын
And yet Colin Kap wants to get back there?????
@rodinowright6591
@rodinowright6591 3 жыл бұрын
@@PascalH9191 you read his quotes?
@carterhaynes967
@carterhaynes967 3 жыл бұрын
You understand slavery wasn't a choice but an NFL career is right?
@handsome-brute2666
@handsome-brute2666 3 жыл бұрын
And Cowboys Owner Jerry Jones has the whip
@MrLaonation
@MrLaonation 3 жыл бұрын
The thing about the nfl with all the lawyers and having all the information on every player they hold a lot over their head he’s not talking about the contract he just talking about the price of the contract
@indiebarjohn
@indiebarjohn 2 жыл бұрын
Thanks Brandon, great interview
@3mta3ko
@3mta3ko 2 жыл бұрын
Loved this video. What is your guests name? He seems very humble and definitely has more to say and teach.
@jrgomez2283
@jrgomez2283 2 жыл бұрын
I been looking for a channel like this great content 👌
@flyguygsm8544
@flyguygsm8544 2 жыл бұрын
please explain this to me/us.... "youre an employee of the team just like everyone else is an employee of their job".... For years, we had multi state employees (oilfield and salary job). You might be in Texas for 4 weeks, but our home office, where we are employed, is Oklahoma. We were paid through the office, in Oklahoma, we resided in Oklahoma. We spent months on end in Midland/Odessa. never once did anyone have of us have to pay Texas taxes. I worked in West Virginia, South Dakota, North Dakota, Texas, New Mexico, and Oklahoma. Not once was I taxed anywhere than Oklahoma income tax and federal income taxes. How can you reside in the same state youre employed in, and get taxed for a week by another state??!?! help me here.
@ivanvalentin3898
@ivanvalentin3898 2 жыл бұрын
He's either full of shit or something illegal is going on. Jock tax is some made up bullshit law if that is a real thing.
@jameschamberlain9821
@jameschamberlain9821 2 жыл бұрын
These owners never cease to amaze me
@Cookingwithquill
@Cookingwithquill 3 жыл бұрын
The best pod to date
@redflame44
@redflame44 2 ай бұрын
OMG mind blown.... wow!! if you're a NFL fan.... you need to watch this to get a better appreciation for the players and their finance
@rodneybrown8388
@rodneybrown8388 3 жыл бұрын
NFL (NOT FOR LONG)
@markpang8847
@markpang8847 3 жыл бұрын
NFL (No F-ing Love)
@90sBullsFan
@90sBullsFan 3 жыл бұрын
They need guaranteed contracts. That's ridiculous. No wonder that one coach said the NFL stand for Not For Long.
@jayluv34
@jayluv34 3 жыл бұрын
Jerry glanville
@whidbeyhiker4364
@whidbeyhiker4364 2 жыл бұрын
Every coach should sit his kids down and show them this video.
@JasonBrown033
@JasonBrown033 2 жыл бұрын
Very insightful interview! Glad I found this. Remember my name, so hopefully I can point back to this comment as an example AFTER I make my announcement...presuming I follow-through with a plan. ~ jtb
@bryantsherman7263
@bryantsherman7263 Ай бұрын
Very interesting, thank you for sharing this information.
@vinsonfamilycollectibles8213
@vinsonfamilycollectibles8213 6 ай бұрын
Such an informative video. MyMyMY the things that the general public is shown vs what really goes on. Sports, politics, wall street, hollywood. Owners are owners for a reason.
@user-up4vd5ov8x
@user-up4vd5ov8x 3 жыл бұрын
I told my parents freshman year of high school after playing football since I was 5 that it was a slave sport. I watched the combine at 14 and was disgusted on how they herd the talent like livestock. Now I respect all the homies that make it and it changes their family situation.
@jimmymoller8640
@jimmymoller8640 3 жыл бұрын
Sorry that the process makes you feel that way. Every player in the NFL had the opportunity to go to college. It a choice to play in the NFL. Success of a player hinges on their physical health and ability.The players get paid good money. It would be foolish to not do such things. Its a business and the only value a player has to the team is what they can do for the team. The players are the product. There is no loyalty on either side .Look into where cellphones are made and conditions in garment factories.Thats modern day slavery.
@user-up4vd5ov8x
@user-up4vd5ov8x 3 жыл бұрын
@@jimmymoller8640 I agree with you. I should've stated that i used the term "slave sport" as a figure of speech not in the literal sense of players being enslaved. Bread and circus
@innovativeenergy5227
@innovativeenergy5227 3 жыл бұрын
That you colin?
@darnellpowell6212
@darnellpowell6212 2 жыл бұрын
Absolute nonsense lol
@hillsidesmoke7592
@hillsidesmoke7592 3 жыл бұрын
What happens if you undrafted and get hurt in camp?
@martyrawdog
@martyrawdog 3 жыл бұрын
u done
@roberthubbard7827
@roberthubbard7827 2 жыл бұрын
Most at that level will have injury insurance. Just in case.
@Haywerth
@Haywerth 2 жыл бұрын
If anything, this has made me appreciate pre-season games all that much more.
@Shahmar
@Shahmar 2 жыл бұрын
Kinda long winded but basically a UDFA can sign 1-4 million dollar contract but it has to be guaranteed. So if you get cut all that you have is your signing bonus and guaranteed money. If you make the practice squad then 50k would be a rounded number + or -. Basically they're testing you to see what your work habits are and whether you're gonna party or hit the play book ,exercise and nutrition. So if you don't get promoted or get cut from the practice squad it's because of either a lack of talent or fit, or red flags.
@jordanflores5687
@jordanflores5687 2 жыл бұрын
Aspiring athletes nba and mlb is where ya wanna go guaranteed contracts and less damage/risk on your physical well being
@roberthubbard7827
@roberthubbard7827 2 жыл бұрын
My nephew Trey Mancini plays for the Orioles. His rookie contract was almost 500,000/yr. Not sure if it was guaranteed or not.
@tmacman0418
@tmacman0418 2 жыл бұрын
Whenever I see someone that is good in both football and basketball, I always tell them to choose basketball: No CTE, no playing in the cold or heat and you're not running into someone at full speed all the time.
@bobp5356
@bobp5356 3 жыл бұрын
Great video. It's amazing what the taxman will do. if it is this bad for football, I'd hate to see how taxes work with baseball.
@RichV20
@RichV20 3 жыл бұрын
He was only paid $60,000 the first few years as he was barely clinging to the practice squad. He was offered a $1.4m contract, but he never made the roster cut. He was getting taxed on $60k, not $1.4m. His tax rate was NOT 96%.
@laryanryan9170
@laryanryan9170 3 жыл бұрын
These players need to learn the tax code so they can recoup a chunk of the taxes that's taken from them. He probably doesn't know that renting a place closer to work is considered a business expense along with any job related expenses.
@fishingangler4315
@fishingangler4315 3 жыл бұрын
@@laryanryan9170 Ah yes, 20 year olds should become tax code experts.
@LuxeprivaeMedia
@LuxeprivaeMedia 2 жыл бұрын
@@fishingangler4315 Why not? my 10 year old is and teaches Tax law .... Actually @the 13 min 20 second mark. You are 💯 incorrect about Taxes being 50% off the rip. read and ask questions. Feel free to message me for the factsband how to find out for yourself. Its not what you know but what you know that isn't so... Feel free to show your lawyer and CPA this Evidence of law👇🏿 then get at me for the real info that your high payed suite will dare not show you.... For Federal tax purposes, the Federal Regulations govern. "Lyeth v. Hoey, 1938, 305 U.S. 188, 59 S.Ct. 155, 83 L.Ed. 119 Federal Crop Ins. Corp. v. Merrill, 332 U.S. 380 (1947) “anyone entering into an arrangement with the Government takes the risk of having accurately ascertained that he who purports to act for the Government stays within the bounds of his authority ... [a]nd this is so even though ... the agent himself may have been unaware of the limitations upon his authority ” Long v. Rasmussen, 281 F. 236 (D. Mont. 1922) " revenue laws are a code or system in regulation of tax assessment and collection. They relate to taxpayers, and not to nontaxpayers. The latter are without their scope. No procedure is prescribed for nontaxpayers, and no attempt is made to annul any of their rights and remedies in due course of law. With them Congress does not assume to deal, and they are neither of the subject nor of the object of the revenue laws."
@ivanvalentin3898
@ivanvalentin3898 2 жыл бұрын
@@fishingangler4315 didn't they go to college? Wtf were they doing?
@Carta87Blanca
@Carta87Blanca 2 жыл бұрын
Just looked him up he’s bounced around first person to come to mind after thinking of all everything a player had to go through to make the first game is Cody Parkey and how many chances he got even after the double doink teams were still interested that’s crazy
@deesee2051
@deesee2051 2 жыл бұрын
What’s his name ?
@Carta87Blanca
@Carta87Blanca 2 жыл бұрын
@@deesee2051 check in vid description
@samu-eljackson4211
@samu-eljackson4211 3 жыл бұрын
1.2 didn't "turn" into 30k......he got cut so he didn't realize the totality of his contract. Just a little misleading
@netomilt
@netomilt 2 жыл бұрын
As long as players continue o show up knowing their salary is not guaranteed, the owners will never change. Stop playing for a while and you’ll see how they change very quickly.
@davidharrison9324
@davidharrison9324 2 жыл бұрын
what an intelligent and grounded dude..
@jeffswoyer9898
@jeffswoyer9898 3 ай бұрын
I assume that he has an IRA and 401-K. I know that the NFL players union have a pension, but how old do you have to be in order to get it? and how many years of "service" do you need? If I was an NFL player, I would have it in my contract for some sort of 401-K match. I started an IRA as a 22 year old 2nd Lieutenant in the Air Force. A lot of my compatriots were living large and expecting that nice military pension. I don't know if they made it to 20 or not. I'm retired now and working as a Substitute Teacher. It amazes me that a lot of teenagers are starting IRAs/401-Ks in high school.
@acpl9801
@acpl9801 Жыл бұрын
At 14:35 it,s laid out how CALIFORNIA tax,s visiting teams,say your team flies into san fran to play the 49er,s on saturday then you play your game on sunday and fly out same day.California will tax your pay check for the entire week leading up to the game at 10.25%.
@Wiztev09
@Wiztev09 2 жыл бұрын
This was very informative
@devincatuns8112
@devincatuns8112 3 жыл бұрын
Great insight man!
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