HOW A $1.2 MILLION NFL CONTRACT CAN TURN INTO $30,000
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- Опубликовано: 28 авг 2024
- Full Episode: • NFL Contracts, Real Es...
In this clip NFL linebacker Brandon Copeland breaks down NFL contracts in detail. #sportscontract #nflsalary
EYL Website: www.earnyourleisure.com
As a UK NFL I knew about the lack of guaranteed money, but the different taxes from state-to-state for a a few hours work, crazy. Fantastic podcast.
Young brothas need to listen to this.
I WANT THIS ISH VIRAL ON FB
To prove how powerful these owners are,they rely upon the currupt media to convince the fans that the players are greedy,and overpaid. The fan refuse to understand that the players are rich,the owners are wealthy.
Underrated comment
When you throw in the amount of money being made from NFL properties. The owners are making from licensing rights that all the stadium incomes.
Add in the fact that owners also get their stadiums subsidized by taxes.
That’s Dak Prescott’s Clone on the right
Pak Drescott
If he never went pro
I was thinking he looked crazy familiar lolol
Daquan McDonald yeah definitely hahhahah
With Jay-Z’s voice
Homie needs his own podcast, so much he wants to say
I can see why players hold out for bigger contracts
Bigger contracts mean nothing without guaranteed money. Thats what he is saying.
@@trix2153 bigger contracts usually come with some good guaranteed money
Yep!
@@trix2153 cant fixe stupid.
All the time bro that why I see why player will sit out for not getting all they money
The fact that guaranteed contracts aren't standard in the NFL is criminal.
Yea but nba and baseball don’t have it right either with guaranteed it’s too much power
That's the nature of a free market & basing your future on a career with a very short life span instead of developing skills & education that may be slower to develop. I believe this topic is covered in the hare & tortoise parable.
@@justthisguy1948 MLB contacts are absolutely fully guaranteed.
Actually it works for the NFL. All sports should have it. NFL players have to compete if they want to get paid. Look at Ben Simmons, who in their right mind wouldn't want the NFL non guaranteed contracts to apply to him right now.
@@mattpytlak bobby bonnila can attest to that!
This has to be the most educational NFL video I've ever watched.
Yeh he is a clone. L.O.L
It’s brutal to have to live not knowing when you get cut and you go from maybe $700 a week to instant $0.00. It’s especially harder when you’re family have little resources to offer support and you’re always one injury away from not having any chance to play. Pro sports is a brutal struggle for most.
"You're never really on the team."
A sobering reality for nearly all NFL players -- except Matt Ryan of the Atlanta Falcons. He's locked in regardless of who comes and goes -- Coaches, GMs, players, etc.
He’s not the only one- I believe Pat Mahomes can actually say that also.
@@reefb4364 andy has been coaching the whole time with KC before/when Mahomes got there, Matt is on his 4th head coach and lord knows how many new Oc’s and Dc’s lmao
@@NoBrakes219 I think we talking about the same thing??? Derek Carr is on his 4th coach also😂
@@reefb4364 true, not saying mahomes wont as well lol. Im just stating the here and now is all
Ryan sucks
As a sports enthusiasts that was the most absolute best interview and breakdown I've heard ..thanks for the info and some light on the salary subject
Salute to Earn Your leisure for this ground breaking black media for your eye opening reporting
I’m white. Don’t say black, that’s turns me off. This is just a great show. What if I said white talk show
This is black media! Mainstream media is white media... if you call it what is and it's white, so what??? Not sparing no feelings because you don't want to hear the term 'black'... you can keep you sentiment to yourself... i don't care
Also who cares if the term black turns you off? That just reveals your white supremacist attitude? No one is apologizing for being 'black'
How about you just shut the fuck up. White, black, red, orange, green, doesn't matter. You sound like a black racist which tells me you are also a fucking hypocrite. Shut the fuck up, enjoy the content, and YOU stop being racist. You are apart of what holds back the black community. See peace, instill color into YOUR brain, and see people for who they are.
@@Tracked350Z no one cares that you are butt hurt over the term, i would'nt be surprised if you was one of those alphabet folk, ha ha ha
I definitely use to be one of those guys that judged athletes but then I learned about the taxes, especially the out of state taxes. But he just gave me more scenarios I never thought about, like that 45 minute trip. This was a good eye opener
States like TX shift the tax burden to the middle and working classes through state sales taxes and nearly every locality in TX adds a sales tax on top of the state tax. While high income earners do better in states like TX, the average citizen pays more in TX than they would in CA. Of course the cost of housing is higher in CA so just because the government isn't taking a bigger cut doesn't mean someone else won't
As a tax accountant that worked with a few agents and their clients, this is absolutely true.
When you see how difficult it is to even make it to the NFL you can understand why they get paid as much as they do. It's a business. They deserve every penny
The NFL is the easiest league to make it to out of all of them.
@@user-gj6yb2qc7e maybe the easiest League to make it into but the hardest League to remain in and remain consistent plus healthy injury wise so technically it’s a double edged sword not to mention bigger rosters so more opportunities but also more competition✅✅ there’s a reason the Average NFL career only last 3 years.
This is definitely an eye 👁 opening interview 😳 about NFL player life.
Man big respect to anyone who trains hard enough in college to pursue this profession knowing that it can be a gamble landing yourself a career. Takes a lot of belief in yourself. If everyone in our society had this kind of work ethic, we'd be much more prosperous.
just be good
The only people that really get paid are the owners!
Coaches too.
And the top tier players. And any quarterback.
Tom Brady didn't get paid? Pat Mahomes aint getting paid for real?? Players don't have overhead, owners pay a lot of bills and saleries, insurance, they make what they make because of what they spend. Its an investment if you put up $500,000,000 and buy a team you should be able to at least double that.
@@ryand4533 Again, the only people that really get paid are the owners. I never stated that players aren’t getting paid but one would think with the revenue the players generate, there would be a balance.
@@southeast78 Yea I understood. I’m saying the owners actually put up the money. They get the stadiums built, they carry the financial burden of the league. It’s basic business the players just show up and work. They don’t have to invest any of their own money. The players strictly profit off of the league. The owners have to reinvest over and over year in and year out. They show up to the league and invest billions. The players just show up.
I know a few guys that's played in the NFL... they explained all of this... everything that glitters ain't gold... when you watch ESPN or NFL network and see that contract info at the bottom the screen , yeah it looks and sounds great... but none of it is guaranteed except your signing bonus... and a 3 year extension means nothing... he could still be there only one more year .. 3 year deal worth 15 million , 9 million guaranteed sounds great , but the taxes , insurance, agent fees , will eat you up... plus all the clauses in the contract, some are realistic and others are unrealistic... I learned so much about the pay and the ways of the league ..
I told ppl we don't know what those contracts say all we hear is the pay...
Yeah, ESPN and the others want to put the Big number out there to get you interested in the article/interview. Real life is boring as far as ESPN is concerned
you know 0 people who played in NFL
Sent this to my son playing college ball. Great insight about the money and expenses.
I tell you what. I love that he is not only a nfl player but also a financial literacy professor at a college. That's amazing
If this thing gets taken down, you doing the right thing✊!!
Why would it be taken down? Everyone knows this already.
So is he doing the wrong thing, because it's still up
I'm glad the NFL employs so many people but it's gotta be heartbreaking to be living moment to moment and phone call to phone call
The owners are doing it for their own good, the sport is so dangerous you can lose a person after one blow. So the extra people are there to replace the casualties.
Just found this channel. I like it. You just gained a new subscriber
Late to the game here, but this is an amazing video. Every NFL fan needs to watch this. Even people who don't know what the letters "NFL" stand for need to watch this.
Great interview. I'll sub.
So basically all ya entertainers u see flexin are lyin unless ur in the top 1% of ur profession..glad the truth came out
This is nothing new. It's always been that way. The top players get the big money while the lower end players like him get the leftovers. And they always have losers in their family that think they're rich and want money from them. I've known low end players who say their families are the reason they don't want to play in the NFL.
Wow. Eye opener. Great video guys, the scale is very different, but it's entertaining to hear this guy talk about the same issues that I hear in the workplace. Taxes, personal expenses, management by penny pinching...
Great job guys, I now have alot more empathy for professional athletes
Some here, it's a hard life. I thought I got it, but it's hard. I can only imagine what Ben Simmons is going through.
Well that talk was an instant sub. Was thinking when he said sorry for taking up your time Sir these men seem very invested in ever word your saying because its all very real and not a word wasted.
I'm so glad college players can now make money. Maximize your earning potential there so you can have better options once you leave school and you don't have to put your future in the hands of a business that is so unpredictable for 70% of the players, while you destroy your body. If you're a good enough athlete to be a 2 sport athlete with the other being baseball or basketball and you have a choice to which pro sport to enter, fuck the NFL. Your "love for the game" doesn't trump the fact it's a business to the team and if you're drafted and are a good player lucky enough to be good, get your money. Hell, play for money. Damn loyalty to a franchise and damn a championship even because at the end of the day when your playing days are over, unless you were one of the star players and were a marginal back up player, as time goes on, no one will remember you so I bet you'd rather retire with guaranteed millions then that championship ring.
💯rs
I see the set up. They made him play the game.. we all football is fixed/righed, he stayed for the money... he was aware of what he had to do. And he did it
Wow. I learned a lot from this. I always knew the NFL was shady, but this was some next level dirt-baggery right here...
great conversation - a lot of insight into the financial side that many miss
Love this Brandon guy, will be a good mentor to young players after he’s done. I sense a calling for him to cover this stuff with young pro athletes.
First time seeing this channel and I ABSOLUTELY LOVE IT!!! Keep spreading the knowledge brothers ✊🏾✊🏾
Low drafts and undrafted aren't promised anything, everyone knows the first 2 rounds are guaranteed a job ,doesn't mean they will start. The reason why most players are broke after they pay their lawyers, agents and giving family money they want to live for the moment. Some get at least 30k a week and blow it on the club,strippers ,expensive champagne and dinner,jewelry ,cars and clothes, so by the time the season ends they're broke off season
also young during playing career. we all do stupid stuff when you are young and not thinking about retirement. For most its your first real job also.
EXCELLENT and ARTICULATE INTERVIEW. THank you for this platform and Information.
So, all that work in junior high, high school and College may not produce any Financial compensation?
It's a game anyways.
I dont even know how i ended up here but i did watch the whole video...it was interesting
Fascinating insights. Thanks for taking the time to do the interview.
Just about like most jobs. You can be let go anytime. Especially if your not doing your job correctly. Rookies use to not have a cap. But rookie contracts were getting out of control with huge signing bonsuses.
University of Pennsylvania. Smart guy
Damn this shit opened my eyes. He said his checks were 4K after taxes. I make more than that selling insurance 👀
How do I start selling insurance ?
YES,the whole game is the white owners also Attorney ,Physicians etc already raped their pay check before they see 1 dam dime
Yeah and they tax you at the end of the year lol
the blessed1 apply online at liberty mutual.com
-InkyAndTheBrain - at bittybitty lol
My first cousin can relate to what he's talking about for a team in the same area(Washington Redskins). My first cousin and incoming players were sent packing for Deion and some other players(2000 or 2001).
Omg. all this time I thought these guys were making all this money just for fun but I see that what we call a game, is a job. Great 👍🏼 interview.
My buddy played for Tennessee for 3 or 4 years. 53 man starter. It’s a nasty business.
I remember we use to talk to dez Bryant about the nfl one thing i remember he said if he miss a day of practice that cost him 50k
Cost him a teachers salary
Now I see how athletes can go through millions of dollars, so many different pitfalls and expenses.
Yea because they never had millions
Moral of the story get your education in college JUST IN CASE.
No get yourself a trade
This ninja said learn a trade instead of getting a degree that's paid for by the school.
Or invest that money I mean you get enough just by playing
True
@@nicholasalford5545 No! Get yourself a degree. This dude is intelligent. Max out your investment.
I have no idea who this dude is. You never introduce him in the video. No idea if he played in the NFL. Always introduce your guests. Especially the ones that are undrafted.
This was good, everybody sees the glitz snd glam, but the behinds the scene knowledge....this need to be a required course for all rookie players
Why sacrifice your body and ability for THEIR entertainment when they won’t even compensate you “fairly” for it.
Wake up Bros.
Because they do compensate you fairly. Where else you going to make a million in a year? By being one of the top guys at most companies? These guys get it for being athletic. They made the right choice by signing the contract, but what they need to do is be better with money. Most athletes truly aren’t good with money.
When you love the game you love the game and the game is still paying more than regular jobs.
Also what's "fairly"? They get paid pretty well. My only complaint with NFL contracts is the unguaranteed money if a guy gets hurt
@@A_Easley did you read the description....$1 mill to really making $30k. Given the amount of damage they do to their body... the pay is not worth it.
@@smthmn agreed unguaranteed contracts are just trash for what these guys put their bodies through. Contracts don't have to be in the millions. It can literally by $70k. But they don't do that, they just use these guys cut them and move on....just trash
@@OnyoMeji if you watch the video it explains it. The number doesn’t magically go down. If you are on the active team you make what the contract states. If you are a practice player you make their minimum which is around 500k+. And if you are just a player that is trying to make the team, you get compensated for that. It isn’t really as unfair as people would like to make it out to be. If you think it’s so bad then don’t sign that contract or just quit and go somewhere else.
NFL (NOT FOR LONG)
NFL (No F-ing Love)
Awesome video…… Honest and informative about the NFL…. Taxes should be discussed more…. Taxes are a trip for the common man let alone for Big earners….
Tax man will always find a way to screw the working man. Always
I discuss tax every day.....
Now what shouldn't happen is you paying taxes in another state for one game you dont live there or work there for 6 months or more theres no reason to pay taxes there
or at all....
Actually @the 13 min 20 second mark. You are 💯 incorrect about Taxes being 50% off the rip. read and ask questions. Feel free to message me for the factsband how to find out for yourself. Its not what you know but what you know that isn't so... Feel free to show your lawyer and CPA this Evidence of law👇🏿 then get at me for the real info that your high payed suite will dare not show you....
For Federal tax purposes, the Federal Regulations govern. "Lyeth v. Hoey, 1938, 305 U.S. 188, 59 S.Ct. 155, 83 L.Ed. 119
Federal Crop Ins. Corp. v. Merrill, 332 U.S. 380 (1947)
“anyone entering into an arrangement with the Government takes the risk of having accurately ascertained that he who purports to act for the Government stays within the bounds of his authority ... [a]nd this is so even though ... the agent himself may have been unaware of the limitations upon his authority ”
Long v. Rasmussen, 281 F. 236 (D. Mont. 1922)
" revenue laws are a code or system in regulation of tax assessment and collection. They relate to taxpayers, and not to nontaxpayers. The latter are without their scope. No procedure is prescribed for nontaxpayers, and no attempt is made to annul any of their rights and remedies in due course of law. With them Congress does not assume to deal, and they are neither of the subject nor of the object of the revenue laws."
Every coach should sit his kids down and show them this video.
Very informative, every young brotha with aspirations of becoming a professional athlete in the nfl especially should check this out
The NFL is like the Military.. you don’t really reap the benefits from it until you’re out and damn near broken into pieces
Great insight to the business side of football
If anything, this has made me appreciate pre-season games all that much more.
A+ Interview. Very informative
This was extremely interesting!! Great show
This is really one hell of a video! For everyone except the best and brightest ( or those with a "hook-up), the NFL is not much different from the way things are out here. Perform well, stay out of trouble, and hang on like our forefathers used to. Otherwise, go elsewhere and try again until you find what you can do. "They don't love us hoes..."
1.2 didn't "turn" into 30k......he got cut so he didn't realize the totality of his contract. Just a little misleading
I went to school for economics and I always laugh at the owners acting like they'll go bankrupt if they pay out the money 🤣
Hit me ☝☝up for more info..
@@whapp-8536 all of y’all Scammers do the Same thing. You leave your messages when 1 person comments. So SICK.
They need guaranteed contracts. That's ridiculous. No wonder that one coach said the NFL stand for Not For Long.
Jerry glanville
Why the hell he getting a table at the draft knowing you not even a top 100 player
The NFL really is a plantation! Thanx for the video. I had no idea.
And yet Colin Kap wants to get back there?????
@@PascalH9191 you read his quotes?
You understand slavery wasn't a choice but an NFL career is right?
And Cowboys Owner Jerry Jones has the whip
The thing about the nfl with all the lawyers and having all the information on every player they hold a lot over their head he’s not talking about the contract he just talking about the price of the contract
If he would’ve made the 53 man roster he would’ve made a whole lot more, but as an undrafted player he’s not getting much or at all in guaranteed money especially before the season starts.
But to say you get 40k out of 1.something million is peanuts.
Aspiring athletes nba and mlb is where ya wanna go guaranteed contracts and less damage/risk on your physical well being
My nephew Trey Mancini plays for the Orioles. His rookie contract was almost 500,000/yr. Not sure if it was guaranteed or not.
Whenever I see someone that is good in both football and basketball, I always tell them to choose basketball: No CTE, no playing in the cold or heat and you're not running into someone at full speed all the time.
As long as players continue o show up knowing their salary is not guaranteed, the owners will never change. Stop playing for a while and you’ll see how they change very quickly.
Such an informative video. MyMyMY the things that the general public is shown vs what really goes on. Sports, politics, wall street, hollywood. Owners are owners for a reason.
good speaker, i learned.
Loved this video. What is your guests name? He seems very humble and definitely has more to say and teach.
No wonder players throw games for $ like Mahomes did against the Bengals on Sunday
Can y'all make a video on the Food Truck industry?
Awesome video, really informative!
Great Show!
Damn no wonder why players prefer certain teams. I would love to play in Florida
Maybe that's one of the reason all the players resigned with Tampa Bay. Tom Brady was one factor however, that tax structure, I'm sure, played a huge motivating role.
Texas and Florida are the only states ,theses players don't pay luxury taxes
That's why Deshaun Watson would waive his no trade clause for The Miami Dolphins.
@ lol 😆 Bob Kraft knows that.
THE BRUTAL TRUTH!!
OMG mind blown.... wow!! if you're a NFL fan.... you need to watch this to get a better appreciation for the players and their finance
That’s a tough start to a career especially when you think you’ve signed for the next few years but get cut after four weeks. Hopefully you’ve haven’t started the spending too early with a new car which you might end up having to return. On top of that the money isn’t even guaranteed and lets not forget the income and state taxes. From London, UK.
Very insightful interview! Glad I found this. Remember my name, so hopefully I can point back to this comment as an example AFTER I make my announcement...presuming I follow-through with a plan. ~ jtb
This is Standard Operating Procedure of the NFL. NFL players and the players union bowed down to the owners the last time the CBA came up. If they want more guaranteed they gotta be willing to go on strike which most of them are not willing to do
It's hard man. I agree with you btw, but gotta look at both sides It's more guys lik this than those making anything big guaranteed and to go on strike can huet even mid level players financially let alone the rest. There's 53 man roster There's probably no more than 10 that's getting good guaranteed bucks and that's not even practice squad level players. It's hard for a person especially a man who likely has a family either wife/kid, or mom/dad that they're trying to support as well to go on strike and have ZERO income for an indefinite amount of time. I get both sides I know that real change sometimes require sacrifices and hard choices on the other side It's easy for me to tell them just make the hard choice when it's not my family being affected only way it's affecting me is I don't get to see a game.
Football is entertainment that makes money by viewers watching it. The best players (star athletes) get the most money. They're the one's the fans want to see. The rest are the supporting cast. The one's who help the stars look good.
Most of the players will tell each other to play in the NFL for a few years and try to get at least enough money to buy a nice house, a nice car and truck, and enough money to buy a small business like a fast food restaurant.
what an intelligent and grounded dude..
I thought that was Dak Prescott. I was thinking "What the f does dak care about this? He secured the bag" lol
I told my parents freshman year of high school after playing football since I was 5 that it was a slave sport. I watched the combine at 14 and was disgusted on how they herd the talent like livestock. Now I respect all the homies that make it and it changes their family situation.
Sorry that the process makes you feel that way. Every player in the NFL had the opportunity to go to college. It a choice to play in the NFL. Success of a player hinges on their physical health and ability.The players get paid good money. It would be foolish to not do such things. Its a business and the only value a player has to the team is what they can do for the team. The players are the product. There is no loyalty on either side .Look into where cellphones are made and conditions in garment factories.Thats modern day slavery.
@@jimmymoller8640 I agree with you. I should've stated that i used the term "slave sport" as a figure of speech not in the literal sense of players being enslaved. Bread and circus
That you colin?
Absolute nonsense lol
Good stuff!! But dude on the right almost look like Dak Prescott.. 😂
And the guy on the left looks like a heavier DeAngelo Hall.
I didn't know Dak Prescott (on the right) has a Pod cast...😳😂
Just found this; amazing interview!
Just looked him up he’s bounced around first person to come to mind after thinking of all everything a player had to go through to make the first game is Cody Parkey and how many chances he got even after the double doink teams were still interested that’s crazy
What’s his name ?
@@deesee2051 check in vid description
Thanks Brandon, great interview
Absolutely fascinating. A side of the game that just isn’t talked about.
exactly when cross over to exchange state THEY TAX you to their state rate
I been looking for a channel like this great content 👌
My phone would be on Airplane mode every Tuesday 🤣
Oh my gosh. They tax you where you play the damn game that day That is that b.s. right there.
Thats the difference between basketball & football. Basketball money is all guaranteed
I’m more surprised that this actually surprises people. How do you not know how contracts work?
Great video. It's amazing what the taxman will do. if it is this bad for football, I'd hate to see how taxes work with baseball.
He was only paid $60,000 the first few years as he was barely clinging to the practice squad. He was offered a $1.4m contract, but he never made the roster cut. He was getting taxed on $60k, not $1.4m. His tax rate was NOT 96%.
These players need to learn the tax code so they can recoup a chunk of the taxes that's taken from them. He probably doesn't know that renting a place closer to work is considered a business expense along with any job related expenses.
@@laryanryan9170 Ah yes, 20 year olds should become tax code experts.
@@laryanryan9170 why when your not guaranteed to even be on the team the following weak at 4pm
@@fishingangler4315 Why not? my 10 year old is and teaches Tax law ....
Actually @the 13 min 20 second mark. You are 💯 incorrect about Taxes being 50% off the rip. read and ask questions. Feel free to message me for the factsband how to find out for yourself. Its not what you know but what you know that isn't so... Feel free to show your lawyer and CPA this Evidence of law👇🏿 then get at me for the real info that your high payed suite will dare not show you....
For Federal tax purposes, the Federal Regulations govern. "Lyeth v. Hoey, 1938, 305 U.S. 188, 59 S.Ct. 155, 83 L.Ed. 119
Federal Crop Ins. Corp. v. Merrill, 332 U.S. 380 (1947)
“anyone entering into an arrangement with the Government takes the risk of having accurately ascertained that he who purports to act for the Government stays within the bounds of his authority ... [a]nd this is so even though ... the agent himself may have been unaware of the limitations upon his authority ”
Long v. Rasmussen, 281 F. 236 (D. Mont. 1922)
" revenue laws are a code or system in regulation of tax assessment and collection. They relate to taxpayers, and not to nontaxpayers. The latter are without their scope. No procedure is prescribed for nontaxpayers, and no attempt is made to annul any of their rights and remedies in due course of law. With them Congress does not assume to deal, and they are neither of the subject nor of the object of the revenue laws."
it's no wonder so many pro athletes go broke so fast