With athletes earning record-breaking salaries... 𝗜 𝘁𝗵𝗶𝗻𝗸 𝘄𝗲'𝗹𝗹 𝘀𝗲𝗲 𝗺𝗼𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲𝗺 𝗳𝘂𝗻𝗱 𝘁𝗵𝗲𝗶𝗿 𝗼𝘄𝗻 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀: 🏠 Pat Connaughton turned a $428,000 MLB signing bonus into buying a house on Notre Dame's campus and flipping it for a profit. 🏗 Pat Connaughton later turned a $30M NBA deal into a $550 million commercial real estate empire. ──────── Athletes that leverage their name, image, and likeness (NIL) in the right ways... 💡 Will set themselves up for early retirement (and/or only working on projects that they are passionate about). 𝗪𝗶𝗹𝗱 𝘁𝗵𝗮𝘁 𝘁𝗵𝗶𝘀 𝗶𝘀 𝗻𝗼𝘄 𝗮 𝗧𝗥𝗨𝗘 𝘀𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗺𝗮𝗻𝘆 𝘁𝗼𝗽 𝗰𝗼𝗹𝗹𝗲𝗴𝗲 𝗮𝘁𝗵𝗹𝗲𝘁𝗲𝘀.
I hope you’re right, but also hope they get the right advice before doing so…
More and more are looking to start their own leagues/ tournaments
Athletes who treat their career earnings like seed capital will win long after the game ends. Smart moves, Andrew.
Anti-disciplinary strategist doing stuff for brands, artists and record labels. Thinks in English and 中文
16hAlso going to be seeing a ton of wild tax implications for college kids that aren't prepared to deal with them. Better hope financial planning comes with the academic tutoring and free food NCAA division 1 athletes get. Easy to pick out wins and hype them, but what's bubbling up under the surface has the potential to go really badly for a lot of young athletes. Not saying they shouldn't be getting paid, I'm saying they need an infrastructure and we shouldn't expect everyone to have the family connections / influence to help them flip houses.