News: ESPN: Aikman sells restaurant shares, reaps millions

[NewsBot]

Love of wings has turned into millions of dollars for Troy Aikman.

The former Dallas Cowboys great confirmed Friday night that he cashed out an undisclosed stake of shares he owned in Dallas-based Wingstop, which saw its share price rise 61 percent on its first day of trading Friday.

Aikman wouldn't disclose his total ownership in the company but did say it's worth more than what he made in his first four years in the NFL. Aikman made about $6 million in those first four years, as he didn't see the final two years of his rookie contract after signing a bigger deal in 1992.

Continue reading...

 

[WoodysGirl]

I'm a business...man.

~Jay-Z

 

[BoysFan4ever]

I've always worried about Troy having 2 nickels to rub together.

 

[Proximo]

It's amazing how we see stories like this one, and then others that are the exact opposite; former NFL star declaring bankruptcy, or worse, ending up in prison. I guess it shouldn't surprise me when I see the articles about the guys who squandered millions. I just couldn't imagine being in that financial position and then blowing it. Must be one of the worst feelings in the world.

Good for Troy, and the others like him that don't blow it.

 

[Bullflop]

I'm pretty doggone sure Troy's got a pretty good "go" of things for himself. I'm also betting I'd settle for a small percentage of what he's got in the bank, sight unseeen and be grinning from ear to ear for a long, long time. He's a smart cookie and obviously knows enough to make the type of decisions that work out extremely well for him.

 

[AmericasTeam81]

It's all about working hard and making the right decisions. Surrounding yourself with good people doesn't hurt either.

 

[BoysfanfromCanada]

Being the number one broadcast team for Fox has to bring in some decent money too, right? Has it ever been revealed what he makes with them?

 

[Toruk_Makto]

Being the number one broadcast team for Fox has to bring in some decent money too, right? Has it ever been revealed what he makes with them?

Allegedly makes 1M a year.

 

[Tabascocat]

Allegedly makes 1M a year.

Chump change, he needs to find a new gig

 

[FiveTime]

Allegedly makes 1M a year.

I always wondered what these guys make for broadcasting. I would have guessed more than that for Troy.

 

[BoysFan4ever]

Being the number one broadcast team for Fox has to bring in some decent money too, right? Has it ever been revealed what he makes with them?

It's got to be a million or more.

 

[DFWJC]

Being the number one broadcast team for Fox has to bring in some decent money too, right? Has it ever been revealed what he makes with them?

It's between 1-2 mill/year. Not sure of the exact amount though.

 

[rynochop]

Allegedly makes 1M a year.

I thought i read 500k once, but that was a while back. Pretty sweet gig either way

 

[xwalker]

Allegedly makes 1M a year.

Didn't Madden make about 8M per in his last contract?

 

[speedkilz88]

It's amazing how we see stories like this one, and then others that are the exact opposite; former NFL star declaring bankruptcy, or worse, ending up in prison. I guess it shouldn't surprise me when I see the articles about the guys who squandered millions. I just couldn't imagine being in that financial position and then blowing it. Must be one of the worst feelings in the world.

Good for Troy, and the others like him that don't blow it.

Michael Irvin was involved with a group years ago that was looking into investing with a young internet entrepreneur. They ended up not being able to work out it with the numbers. The young entrepreneur was Mark Cuban and he was looking for a big investor in broadcast.com.

 

[Toruk_Makto]

Didn't Madden make about 8M per in his last contract?

Possibly. Michaels and Buck allegedly pull in 5.

 

[Maxmadden]

Roger Staubach is one of the wealthiest ex NFL players if not the wealthiest. I'm sure it set a good example for Troy.

 

[theogt]

Aikman wouldn't disclose his total ownership in the company but did say it's worth more than what he made in his first four years in the NFL. Aikman made about $6 million in those first four years, as he didn't see the final two years of his rookie contract after signing a bigger deal in 1992. That deal was done after the Cowboys won the first of three Super Bowls in four years.

Yes, he did disclose how much he sold and how much he owns. It's required by law to be included in the SEC filing.

Troy sold 71,940 shares at $17.57, so net proceeds of $1.3 million in the offering. His remaining ownership is 107,910 shares (less than 1% of the company). Assuming a value of $30.59 (the closing price after the first day of trading), his remaining ownership is worth $3.3 million.

http://www.sec.gov/Archives/edgar/data/1636222/000119312515221543/d940662d424b4.htm#rom940662_13

He also earned fees as a spokesperson, so that must be what he means when he says it's more than he earned in his first four seasons in the NFL, because his ownership in the company is much less.

 

[WoodysGirl]

Yes, he did disclose how much he sold and how much he owns. It's required by law to be included in the SEC filing.

Troy sold 71,940 shares at $17.57, so net proceeds of $1.3 million in the offering. His remaining ownership is 107,910 shares (less than 1% of the company). Assuming a value of $30.59 (the closing price after the first day of trading), his remaining ownership is worth $3.3 million.

http://www.sec.gov/Archives/edgar/data/1636222/000119312515221543/d940662d424b4.htm#rom940662_13

He also earned fees as a spokesperson, so that must be what he means when he says it's more than he earned in his first four seasons in the NFL, because his ownership in the company is much less.

I love that CZ has a bunch of Matlocks and Perry Masons on this site. lol

 

[CyberB0b]

I love that CZ has a bunch of Matlocks and Perry Masons on this site. lol

It's all public. The reporters are just too lazy.