1. Like to discuss POLITICS? Come join us at PUNNDITS.com!
    If you like discussing politics and other related topics then your new home (hopefully) for doing just that can be found on Punndits.com! Come join us and help us grow Punndits into a wonderful and safe place to discuss politics with everyone.
    Dismiss Notice

Steve Young Is Still Earning Millions Off His USFL Contract From 1984

Discussion in 'NFL Zone' started by viman96, Dec 4, 2013.

  1. viman96

    viman96 Thread Killer

    10,245 Messages
    2,680 Likes Received
    In 1984, Young rejected the NFL draft and instead accepted a record setting $40 million contract with the USFL's Los Angeles Express. The contract was extraordinary for two main reasons: First, it was the largest sports contract ever awarded in history up to that point, equal to more than $90 million today after adjusting for inflation. And second, it wasn't a standard contract that paid a set amount over four or five years. To help the fledgling team and league survive, Steve agreed to accept his payment in the form of an annuity that would be spread out over 40 years. That means, despite the fact that the USFL went bankrupt long ago, today Steve Young is still earning millions of dollars every year off a contract he signed 30 years ago with a team that no longer exits.

  2. TTexasTT

    TTexasTT Well-Known Member

    1,926 Messages
    737 Likes Received
    Yeah that was a very bizzare contract. Its talked about on this 30 for 30 episode.
    I think its on netflix right now.
  3. Phoenix

    Phoenix Well-Known Member

    6,595 Messages
    1,006 Likes Received
    worth every penny o_O
  4. panchucko

    panchucko It's Back

    2,371 Messages
    348 Likes Received
    Kind of sounds like the Bobby Bonilla contract with the mets, instead paying a lump sum they paid him in installments with interest paid in installments

Share This Page