Chiefs Hypothetical: You, pro football, and concussions.

**Rain Man** · 01-02-2016, 10:17 PM

Imagine that you get drafted into the NFL. You complete the first year of your contract and get a concussion in your second year that causes you to miss half the season.

Your gross career earnings are about $1.3 million. Taking out the agent fees and taxes, your take-home is about $650,00 for those two years. Assume that you bought a nice condo for your mom and a sweet ride for yourself, so after that and living expenses you've got about $200,000 parked in conservative investments.

Now let's think about concussions. You've got your basic concussion stories about headaches and double vision, and you've got your more spectacular stories about Joe Phillips fleeing the law, Mike Webster living under a bridge, and that Steelers lineman blowing up in a big explosion after a police chase.

You have two more years on a contract that will pay an average of $650,000 a year.

What's the maximum risk you'll be willing to take to get that extra $650,000 a year, plus a potential future contract after that?

Assume that the risk in the poll is your odds of having a Mike Webster experience beginning at age 55.

Dinny Bossa Nova · 01-02-2016, 10:21 PM

I'd forget about all that macho shit and learn how to play the guitar.

Dinny

ChiefsCountry · 01-02-2016, 10:23 PM

You really need to squeeze a 3rd year in. That way you qualify for the NFL retirement pension plan.

**Bugeater** · 01-02-2016, 10:24 PM

Quote:

Originally Posted by ChiefsCountry

You really need to squeeze a 3rd year in. That way you qualify for the NFL retirement pension plan.

How much does that pay?

**Rain Man** · 01-02-2016, 10:25 PM

Quote:

Originally Posted by Baconeater

How much does that pay?

Per the scenario, gross of $650,000, net take home approximately $350,000.

**Bugeater** · 01-02-2016, 10:30 PM

Quote:

Originally Posted by Rain Man

Per the scenario, gross of $650,000, net take home approximately $350,000.

I meant the NFL pension. I need to know how much that will be to know if it's worth risking a 3rd year.

ChiefsCountry · 01-02-2016, 10:30 PM

Quote:

Originally Posted by Baconeater

How much does that pay?

http://blog.futureadvisor.com/nfl-pl...on-retirement/

Quote:

The NFL is an organization that rewards the number of active seasons in both their pension and 401k plan. The pension, which players become eligible for at age 55, gives them $470/month for each season they played. A player with 4 seasons would get $1880/month starting at age 55, for the rest of their life. But most of them stop playing long before that, and inflation is eating away the value of those pension dollars with each passing year.

So essentially 1400 bucks per month at age 55.

**Bugeater** · 01-02-2016, 10:33 PM

Quote:

Originally Posted by ChiefsCountry

http://blog.futureadvisor.com/nfl-pl...on-retirement/

So essentially 1400 bucks per month at age 55.

Interesting, I had no idea that existed.

ChiefsCountry · 01-02-2016, 10:34 PM

Quote:

Originally Posted by Baconeater

Interesting, I had no idea that existed.

Yep. You play that 3rd year and you will get about $16,000 a year from age 55 until you die.

Throw that in if you are smart with what you got as a player and invested wisely you could be doing alright.

Squalor2 · 01-02-2016, 10:24 PM

did you not fall down recently?

**Rain Man** · 01-02-2016, 10:25 PM

Quote:

Originally Posted by Squalor2

did you not fall down recently?

Pretty hard. I started speaking Greek for a while.

Squalor2 · 01-02-2016, 10:37 PM

Quote:

Originally Posted by Rain Man

Pretty hard. I started speaking Greek for a while.

ah yes, you were spartan in these parts. do you remember grabbing milo by the arms and saving her? i saw your butt.

Hog's Gone Fishin · 01-02-2016, 10:26 PM

Why the figure 1.3 million ?

**Rain Man** · 01-02-2016, 10:28 PM

Quote:

Originally Posted by Hog Farmer

Why the figure 1.3 million ?

That's two years averaging $650,000 per year. You may assume no Weimar-Republic hyperinflation during that time.

Hog's Gone Fishin · 01-02-2016, 10:31 PM

Quote:

Originally Posted by Rain Man

That's two years averaging $650,000 per year. You may assume no Weimar-Republic hyperinflation during that time.

I see. Well, I risk a concussion on a daily basis for much less. Ever been under the dismount of an 800 pound boar ?

View Poll Results: What is the maximum concussion catastrophe risk you would take for $1.3 million?
1%	1	2.78%
5%	2	5.56%
10%	8	22.22%
25%	3	8.33%
50%	6	16.67%
75%	2	5.56%
90%	0	0%
95%	0	0%
99%	1	2.78%
100% - Bring it on.	7	19.44%
I don't believe in concussions.	5	13.89%
I don't believe in weighing risks versus rewards.	1	2.78%
Voters: 36. You may not vote on this poll

01-02-2016, 10:17 PM	Topic Starter
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $-422449 VARSITY	Hypothetical: You, pro football, and concussions. Imagine that you get drafted into the NFL. You complete the first year of your contract and get a concussion in your second year that causes you to miss half the season. Your gross career earnings are about $1.3 million. Taking out the agent fees and taxes, your take-home is about $650,00 for those two years. Assume that you bought a nice condo for your mom and a sweet ride for yourself, so after that and living expenses you've got about $200,000 parked in conservative investments. Now let's think about concussions. You've got your basic concussion stories about headaches and double vision, and you've got your more spectacular stories about Joe Phillips fleeing the law, Mike Webster living under a bridge, and that Steelers lineman blowing up in a big explosion after a police chase. You have two more years on a contract that will pay an average of $650,000 a year. What's the maximum risk you'll be willing to take to get that extra $650,000 a year, plus a potential future contract after that? Assume that the risk in the poll is your odds of having a Mike Webster experience beginning at age 55.
Posts: 145,199

01-02-2016, 10:21 PM	#2
Dinny Bossa Nova MVP Join Date: Nov 2001 Casino cash: $9990442	I'd forget about all that macho shit and learn how to play the guitar. Dinny
Posts: 5,050

01-02-2016, 10:23 PM	#3
ChiefsCountry The Insider Join Date: Jan 2004 Location: Lake of the Ozarks Casino cash: $-1331248	You really need to squeeze a 3rd year in. That way you qualify for the NFL retirement pension plan.
Posts: 51,966

01-02-2016, 10:24 PM	#10
Squalor2 Banned Join Date: Aug 2015 Casino cash: $10001425	did you not fall down recently?
Posts: 2,502

01-02-2016, 10:26 PM	#13
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-1409523	Why the figure 1.3 million ?
Posts: 40,645