I realize that $525K seems like an awful lot of money. However, peel off about 30% for his agent fees, then you have:
$367.5K
Now don't forget this ia the highest tax bracket, so slice off 40%:
220.5K
Naturally, we promised mom a house when we "made it big".
Little sister wants to go to college, we always promised that.
Every member of the family, all the way up to 3rd cousins, are dropping by with their hands held out, every "friend" wants to call in favors.
Cowboy tickets for friends and family? You get some, but never enough and the rest don't grow on trees.
Anytime friends and family go out to dinner with you, guess who foots the bill. Yep, all six to twelve of them.
Gotta live like an NFL player, your place isn't going to be a dump, neither is the ride.
Is it any wonder that 70% of NFL players are broke two years after leaving the NFL?
Part of it is the perception that the average football player in the NFL is a rich man.