This was Brian Kellys contract..He played for 11 seasons for Bucs..This was actually his 2nd contract..His rookie contract started in 1998 which is the other video of rookie contract.
As a matter of clarity, I will add a couple of points 1. Eligibility to be an authorized NFL player agent limits the agents fee to 3% of a player's contract. - - the agent seeks out the endorsements and his/her cut is outside of the NFL contract. - - financial services and fees an agent offers and charges players are also outside of the NFL contract. - - agents often handle tax returns, investments, insurance, medical and rehab referrals and on occasion, legal matters like posting bail. -- Agents also arrange for HNW financial institutions like Chase, JP Morgan, Wells Fargo to provide "Private Banking" services which include benefits like the Amex Black Card and JP Morgan's Reserve Card 2. I'm a CFP®, i have a few colleagues that contract with NFL agents to provide financial advice for their players, that's both a fee and service charged to a player. 3. Since retirement, Brian Kelly has a full time post NFL gig in TV/documentary production; he owns/operates a production company. cheers.
Random fact, PGA tour players generally avoid the Canadian tour events because they have to pay the 60% Canadian tax (or whatever it is) before they come back to their home state and pay another tax lol.
This is so cool. Something we all have been curious about but never really asked about. This video is a perfect example of what RUclips is supposed to be.
Fascinating! 401k limits were $13k in 2004 so he probably knocked that out in his first check. Hotel charges might have been ancillary ones: room service, mini bar, phone calls, pay per view, etc.
@@suedefringe it makes you put a lot in perspective, with just 1 check, I’d be able to pay off my mortgage and do what I’m truly passionate about. Makes you think why invest all that money in higher education and grad school, all that time and effort with so little return on investment.
@josephjohnson8884 no it does matter you have to account for the home games he pays NO TAX ON WITH 0 income tax this was a topic during the jalen Ramsey signing he's saving up to 17 million a year just by playing in miami and not LA your forgetting the same thing your talking about and thats the state tax where they play these games
@@MVPHILLY1 the gov is going to get their money one way or another. Ex. Property taxes are generally higher in states w/o state income tax. Property taxes are higher in Florida than cali. As of Jan 2024 property taxes are around .75 in cali and .91 in FL
Fan don't realize these players have to pay state taxes in every state they play in, plus all the people that works for them, housing, it's crazy... Now we know why they want so much
Not every state only when they have a game in that state at that time so it's not always. Some states don't have state taxes. Tennessee, Florida and Texas don't have them.
@@jer2dabeardepends on where you make your money at. In California millionaires lose like 50% of their salary to taxes. That’s way more than the average tax payer.
@SRT_DRE needs to go back to new deal tax rates. Wealth inequality/late stage capitalism/wealth hoarding has hurt this country so much. No one needs a billion dollars. Millionaires, sure why not but billions is just a stupid amount.
@@jer2dabear We can't do tax rates like that again. Capital can more freely move between countries. Blame globalization but marginal tax rates aren't going back to 90%.
As someone who lives in Philadelphia the price of a hotel room compared to the other locations listed doesnt surprise me. Even knowing that $318.40 is alot for a hotel in 2004.
very interesting i never seen a nfl check either.....it seems that this check was around in its 8th week pay or half the season...282k a week with a total of 16 weeks in a season would be roughly 4Mill a season...could be a defensive back or running back salary roughly..definitley a veteran
Remember they only play 17 games. Back then I think it was 16 games. The payroll is set up to pay players during the season for 17 pay periods plus playoff.
@@jimmauldo you not see the pay period… they even have the year to date, which is 1.4 million dollars. And they’re taxed. so he could’ve made a lot more. but then again… it was the pay period. crazy!
Because they’re grown men lol that’s probably why athletes buy houses everywhere they play. $50k for a suite is more than a mortgage on a decent sized mansion.
They are taxed in the state they play the game sometimes . Philly started that , they would tax the visitors city wage tax . I remember back in day a player from colts and a player from browns trying to fight it against Philly . Missouri at the time woulda been St. Louis Rams
Ps Wether you live in Philly or not currently (and in the past) if you work here you pay their tax. Same with the surrounding suburbs in Bucks and such. I guess that's why they went after them.
Having been involved with an NFL for some time now, players are typically paid during the season, this was mos likely his first check of the season as it showed some pay for training camp. Typically player are not paid for training camp. They are paid once week for 18 weeks now, used to be 16 then 17, now 18. Those "hotel" line items you are seeing are most likely for Family, etc he had travel with the team to a road game. The players do NOT pay for their hotel room. Loooks like he also got a suite for a home game, this tells me this was not a top tier player, at least not the team I'm involved with, If you are a top 2-3 player, they would never charge you for suite tickets, t-shirts, etc. It is the Bucs though, they are known as one of the cheapest teams in the league, LOL. Maybe this will help some who stumble on to this video. Cheers
that last part is not true at all. Every team charges their players for suites on game days. Even Taylor Swift and momma Kelce have to pay when they go. One of my first jobs was working suite security for the Bucs and opposing players families would often comment on how inexpensive ours were compared to their home/other stadiums.
Stop with the bull, being janitor doesn't make you Involved" . You use most likely a lot and the FACT the year to date pay was over 1.5 million means this person was "most likely" paid for week 5 or week 6 at most. 270k x16 weeks puts his pay at 4.3 million and for a DB (position of player we are talking about)in 2004 that was a very good contract. The maximum salary a team could spend on players in the NFL in 2004 was $80.582 million.
They have to pay taxes in every state they play a game in. I’m pretty sure all the taxes are from the out of state games bc I don’t think Florida has income taxes.
I live in Washington but work in Oregon. Washington has no state income tax and Oregon has a state income tax. Why do I not pay Oregon state income tax and these players pay state income tax where they were working?
It's because you havent reported it properly. You need to pay income tax for the state you are physically working in. Be careful, Oregon might come for back taxes owed.
Some states have tax agreements where if you work in one and live in the other, you only pay taxes in the state you live in, eg. Virginia and MD, you can work in Virginia and live in MD but only pay MD resident taxes per their tax agreement.
@@beannell11Correct. Tax reciprocity agreements. It’s also why Oregonians don’t have to pay WA sales tax. That was put into the books to help WA businesses along the border who would lose business to OR businesses because the latter doesn’t charge sales tax (although OR legislators are always looking for ways to slip in a sales tax).
Yep, people think that it’s all free and just part of it when you see a players family at a game all cozy up in a suite… nope, nothing is free in the NFL. The team will hook you up with tickets or a suite but you are paying tor it.
Normally I do not Curse, but What the HELL is there to complain about ! If you make more MONEY, you PAY MORE TAXES ! Try making $50,000 per year, see how far it gets you !
What you fail to realize is the fact that a NFL career average 4-6 years. So that money has to last the rest of their life. And they have higher medical bills than normal people. So this isn't a lot of money.
@darnelljones9849 no, after their playing time, most work for their respective organizations, become announcers, live off endorsements, etc. Or a novel idea: omg they have to get a real job. I knew an ex NFL player that became a teacher in my high school. So depending on how much money they actually do make, some can live off of their earnings for the rest of their lives, or they get jobs like the rest of us
I was in Mayberry diner and they had aunt bees w2 from Andy Griffith show. She did 16 shows of which she was in 11. She made 1600$ or 100$ a show. Not much but it's 4 times what a normal pay was at the time.
@@analienfromouterspace Yep, These guys a lot harder than the people that complain about their checks. People should be paid what their value is. If its millions, than so be it.
The High risk high reward way has been around for a long time. It's like that with everything, sell rock, risk prison time. Want more money, gotta take the risks simple as that.
You have to pay state income tax for games played in EACH state. 8+ away games usually is 8 different states. I see WI tax was 2x other states. Playoff game?
Regular season. I saw Minnesota also listed, my guess is the NFC South played the NFC North that that, and the Bucs played at Green and Minnesota that year.
You pay state tax to the state you earn the money in. Then you get taxed on all of your income in your tax home state for April 15th. You get credited for the taxes you pay to other states in your tax home. Being a bucs player it would surprise me if his tax home was anything besides Florida. But he is filing an income tax return for every state he earned money in as a non-resident.
I worked for a company that used ADP. We got bought out by a large multinational company and as such, any stock options were immediately excercised upon the sale. I had a couple thousand bucks worth, but our US President had something like $8-10 million. They had to ask ADP if their system could kick out a check that large. It could.
NFL players are paid weekly during the regular season. The base salary is divided into 18 installments, which covers the 17-game schedule and the bye week.
The hotel charges are not for the hotel room, but rather the incidentals they never paid during check out so they’re master account paid them and the NFL team charged it back to the player
This is pretty cool to see not alot of fans get to see stuff like this i can't believe all of the deductions that is taken out like superbowl tickets what they didnt even play in the sb at this time and roster bonus wow
all the taxes to different states are due to something called a "Jock tax". There's a pretty funny story behind that. The jock tax became widespread across the U.S. starting in 1991. 1991 was the year Michael Jordan and the Chicago Bulls beat Magic Johnson and the Los Angeles Lakers in the NBA Finals. Supposedly, the state of California wanted payback. just about every other state followed suit. Basically, if you earn income in their state, you have to pay taxes on that amount.
weekly They earn a weekly salary but only during the season with conditions set on whether they play and how they perform. Like other workers they get bonuses that are paid outside the regular schedule of payments.
Well 20 years ago they did. It took a long time to edit the video apparently. Heck it even took me 6 months to reply to you. Lots of lag. Can’t wait to see your response in a few years.
@@otrdriverchris i's not. It looks nearly identical to the cheerleaders checks except about 100x more lol. they only make about 30k a year, before taxes.
@@Rad_Brad813 It's certainly not like any W-2 employee check I've ever seen. Perhaps with his super high salary it's a different type of process? You don't think people invent click bait for various reasons? lol
the income taxes are based on where the income is earned. If a player plays an away game or does work iin other states, he would pay that state's tax an the portion of his income
Save to assume they get it monthly cause the annual says 1.5 million. $170k a month… that is crazy. Most people who are manager in the banking industry don’t even make that much a year.
Nah. This is $170k per WEEK. In 2004 the season started in September. That “Year To Date” you saw was what he accumulated in a single month since the stub was from October 2004. Dude made 1.3M a month. Dude was the 7th highest paid player on the team.
That’s crazy, $500k in taxes and the season probably had another idk 8 to 10 games to go. I’m curious, can players opted to be paid a 1099 instead or get paid through their business. If they could, they would save a lot in taxes. I’m sure the NFL probably wouldn’t allow it
hell nah lol they make about 25-30k a year. some can make upwards of 50k, but rarely and usually only the captain does. A couple of my exes were Bucs cheerleaders, they are broke af lol.
Practice squad for sure which ain’t a bad pay check to play the game you love and not be elite level talent (practice squad is still elite just not best of the best).
When you're making that kind of money your tax rate is like 35% federal. Thats before any deductions when it comes to filing your tax return for what ends up being your effective tax rate.
By 2004 most companies paid via direct deposit whether employees wanted to or not. I know because I was one of the last holdouts who didn’t trust it. And it ended up being the most convenient thing that I ever did for myself. Went from going to the bank at least once a week to not stepping foot in it for 6-8 months. Your money was always there 12:00 am Friday. I signed up to have 100 go into savings, which I’d never done that if cashing my checks in person every week. Kind of jarring that 2004 was 20 years ago.
The NFL payroll is setup to every game week, so 17 checks in total. (However playoff teams continue to receive pay) The remaining weeks of the year no checks coming in so hopefully they dont burn it all before the offseason 😂😂😂
Those hotel and suites are not charges or deductions, it’s the opposite. Those are where they were given to the player and this is showing them as income so it gets added back into his total pay so Uncle Sam gets a cut.
False. It takes 3 years of “active roster” time to qualify for the NFL pension. Each year after that results in higher credits, and increase in pension $. Full pension is available at age 55. However, you can wait ‘till 65 to maximize the benefit. Any more questions, and I’d be glad to answer them. I’ve got 5.5 years of service credits myself. I’m looking forward to that monthly check on my 55th birthday.
Paid LA and CA taxes because when you go there for work you are required to pay taxes there due to state law. I believe New York is another that does the same. But he doesn't pay state taxes on that pay period in his home state of Florida which of course doesn't even have a state tax.
Making that much money in 2004, you’d be living like a king. Especially when houses were cheaper and so was everything else.
Not really when you can't live in a regular neighborhood. But yes, they do well.
@@whatmeworrynotoday
The hell are you talking about?
Where does it state that they can’t live in a regular neighborhood?
That money in 2024 would have me living like a king.
@@ghostwrench2292if that’s weekly I’m working 1 month a year 😂
@@MikeCrawchhow many NFL, MLB, NBA players live in your neighborhood?
This was Brian Kellys contract..He played for 11 seasons for Bucs..This was actually his 2nd contract..His rookie contract started in 1998 which is the other video of rookie contract.
As a matter of clarity, I will add a couple of points
1. Eligibility to be an authorized NFL player agent limits the agents fee to 3% of a player's contract.
- - the agent seeks out the endorsements and his/her cut is outside of the NFL contract.
- - financial services and fees an agent offers and charges players are also outside of the NFL contract.
- - agents often handle tax returns, investments, insurance, medical and rehab referrals and on occasion, legal matters like posting bail.
-- Agents also arrange for HNW financial institutions like Chase, JP Morgan, Wells Fargo to provide "Private Banking" services which include benefits like the Amex Black Card and JP Morgan's Reserve Card
2. I'm a CFP®, i have a few colleagues that contract with NFL agents to provide financial advice for their players, that's both a fee and service charged to a player.
3. Since retirement, Brian Kelly has a full time post NFL gig in TV/documentary production; he owns/operates a production company.
cheers.
Wowwwww
What's the pay period for the check? In other words, is the check weekly? Monthly?
It's not. Brian Kelly made 2.8 that year. It's Ronde Barber's... he made 4.6 million that year which ties out to the gross check *16.
The weirdest thing is that ADP processes these. My paycheck looks identical except mine is missing a few 0's 😆
The 3 taxes from different states is the away games he played at....
4: Washington (based in Maryland), Oakland, New Orleans, and St. Louis. Florida isn't listed because there is no state income tax.
Random fact, PGA tour players generally avoid the Canadian tour events because they have to pay the 60% Canadian tax (or whatever it is) before they come back to their home state and pay another tax lol.
@@KCB2024or Ravens based in Md.
@@BuckshotPA1 It was Washington. I looked at the schedule.
A concert date from a tour are taxed as well, most bands negotiate that with the promoter.
Didn't even get into covering his agent, legal folks, and all of the on his "team" that he's hired.
Nor if he has to pay child support. That 270k gross pay can easily go to 60- 80k take home.
@@aaronhugz4277
Why would you even put yourself in that predicament though?
Not really financially wise if you ask me.
@@MikeCrawch I agree 💯
@@MikeCrawch60 to 80 k a week sounds finacial sound to me.
@@wendull811
Hell, even 2k a week would be good for me lol
After tax that is lol
This is so cool. Something we all have been curious about but never really asked about. This video is a perfect example of what RUclips is supposed to be.
And this doesn't include fees for agent, etc or if he has to pay child support. That 270k gross pay can easily go to 60- 80k take home.
I'll take 60 to 80k a week to play football. Sign me up.
@@wendull811 where the sign up sheet at😂💯💯
Says net pay 0!?
Or more..
Let's not forget a chick or two on the side...lol
Well we all know child support is just a thing that happens to people lol
Fascinating! 401k limits were $13k in 2004 so he probably knocked that out in his first check. Hotel charges might have been ancillary ones: room service, mini bar, phone calls, pay per view, etc.
Entertainment, 😂😂😂
I was wondering why so little invested with a 200% match. He would have done better tax wise to place more in. But he maxed out so that makes sense.
@@suedefringe it makes you put a lot in perspective, with just 1 check, I’d be able to pay off my mortgage and do what I’m truly passionate about.
Makes you think why invest all that money in higher education and grad school, all that time and effort with so little return on investment.
Back in ‘04 and ‘05 those were probably the charges for accessing the hotel’s porn pay per view channels 😅😅😅
@@suedefringe 401k is a bad deal when you have an NFL pension as 2008 proved. In general derisking from the US is wise.
I bet playing for a team in the AFC South must be nice since 3 of the 4 are in states that don't have state taxes.
bucs
It doesn’t matter cause when they play away games in states that have the state income tax they have to pay it for that state
@josephjohnson8884 no it does matter you have to account for the home games he pays NO TAX ON WITH 0 income tax this was a topic during the jalen Ramsey signing he's saving up to 17 million a year just by playing in miami and not LA your forgetting the same thing your talking about and thats the state tax where they play these games
@@MVPHILLY1 the gov is going to get their money one way or another. Ex. Property taxes are generally higher in states w/o state income tax. Property taxes are higher in Florida than cali. As of Jan 2024 property taxes are around .75 in cali and .91 in FL
Fan don't realize these players have to pay state taxes in every state they play in, plus all the people that works for them, housing, it's crazy... Now we know why they want so much
Texas doesn't have state taxes
Not every state only when they have a game in that state at that time so it's not always. Some states don't have state taxes. Tennessee, Florida and Texas don't have them.
Not only state taxes in the states that have income tax but when they go foreign, they have to pay taxes in that country.
Don’t you pay taxes?
stupid fans? Anyone with a real job where you travel knows you pay income tax wherever you worked...
People always saying rich don't pay their fair share. Sure looks it to me.
the more you make the lower the % they take out, so yes it seems like a lot but they take more out of a % from your paycheck than the rich.
Plus this was 2004 tax rates...it's gotten a lot easier on the rich since then, and a lot harder for us wee men
@@jer2dabeardepends on where you make your money at. In California millionaires lose like 50% of their salary to taxes. That’s way more than the average tax payer.
@SRT_DRE needs to go back to new deal tax rates. Wealth inequality/late stage capitalism/wealth hoarding has hurt this country so much. No one needs a billion dollars. Millionaires, sure why not but billions is just a stupid amount.
@@jer2dabear We can't do tax rates like that again. Capital can more freely move between countries. Blame globalization but marginal tax rates aren't going back to 90%.
I will never complain about my tax again...
😂😂 😂❤❤
Yes you will
Some players pull 800k plus a week-imagine that tax bill!!!
I'm guessing 23%-33% federal income tax, some states also have their own taxes so an additional 4%-10%@@mnoell35
There are things called good problems to have
I wish I Was 18 Again ! LOL Now i will be turning 29 this Yr..... Boy changing careers wouldn't be that much of a bad idea ! UGH ! Nice Vid !
Tough enough to play?
It’s a lot more then my paycheck.
Than your check. May explain part of it.
@@trxntroll843someone put Ron out please he is in fire from being cooked.
Maybe if you knew the difference between “then” and “than” you could make a little more money. Hmm maybe not
As someone who lives in Philadelphia the price of a hotel room compared to the other locations listed doesnt surprise me. Even knowing that $318.40 is alot for a hotel in 2004.
a lot*
The nfl season was 16 weeks (17 now) so he may be seeing this paycheck every Tuesday. Dak Prescott probably sees 1.2 mill every check. Crazy money!
They only are paid the week of a game......feb through july a big fat ass ZERO income
@@GhostRider-dp2tc fr bro and if you make between 200k-1.2mil every week for 17 weeks straight and still end up broke..mf probably deserved it 😂😂
@@CuhahhFoo I am right there with ya, trust me
@@GhostRider-dp2tcOMG! What ever do they do to survive!😜😜😜
@@GhostRider-dp2tcwell yeah but if you already got couple million in your bank account 💵💵💵💵💵💵💵💵💰💰💰💰💰💰💰💰…There’s nothing to worry about 😂✌🏼
very interesting i never seen a nfl check either.....it seems that this check was around in its 8th week pay or half the season...282k a week with a total of 16 weeks in a season would be roughly 4Mill a season...could be a defensive back or running back salary roughly..definitley a veteran
Someone else said it's a cornerback
They’re paid every week. And yes this was very interesting
Yeah dude making the video may should have looked this up. Comes off uninformed.
That 50k suite is killing me. I hope this is a vet at the end of his career. Cuz if its a young guy he is insane.
Probably some entertainment suite for a party (birthday etc).
Can they get some back during tax season?
170,000 in one week is insane
It's certainly not weekly. The YTD in late October is only 1.4mil so that's more like every other month? Seems strange to me
Remember they only play 17 games. Back then I think it was 16 games. The payroll is set up to pay players during the season for 17 pay periods plus playoff.
@@jimmauluh, football season started in September back in 2004. That 1.4M was made in a single month.
@@jimmauldo you not see the pay period… they even have the year to date, which is 1.4 million dollars. And they’re taxed. so he could’ve made a lot more. but then again… it was the pay period. crazy!
Very interesting I wonder why they charge them to stay in the hotels ????
Because they’re grown men lol that’s probably why athletes buy houses everywhere they play. $50k for a suite is more than a mortgage on a decent sized mansion.
They are taxed in the state they play the game sometimes . Philly started that , they would tax the visitors city wage tax . I remember back in day a player from colts and a player from browns trying to fight it against Philly . Missouri at the time woulda been St. Louis Rams
Typical for my city. Always put to get some extra 💰
Ps Wether you live in Philly or not currently (and in the past) if you work here you pay their tax. Same with the surrounding suburbs in Bucks and such. I guess that's why they went after them.
No it started when Michael Jordan and the Bulls won their first champion in 91 in LA parting all days damaging the hotel caused them to get taxed
Having been involved with an NFL for some time now, players are typically paid during the season, this was mos likely his first check of the season as it showed some pay for training camp. Typically player are not paid for training camp. They are paid once week for 18 weeks now, used to be 16 then 17, now 18. Those "hotel" line items you are seeing are most likely for Family, etc he had travel with the team to a road game. The players do NOT pay for their hotel room. Loooks like he also got a suite for a home game, this tells me this was not a top tier player, at least not the team I'm involved with, If you are a top 2-3 player, they would never charge you for suite tickets, t-shirts, etc. It is the Bucs though, they are known as one of the cheapest teams in the league, LOL. Maybe this will help some who stumble on to this video. Cheers
that last part is not true at all. Every team charges their players for suites on game days. Even Taylor Swift and momma Kelce have to pay when they go. One of my first jobs was working suite security for the Bucs and opposing players families would often comment on how inexpensive ours were compared to their home/other stadiums.
Stop with the bull, being janitor doesn't make you Involved" . You use most likely a lot and the FACT the year to date pay was over 1.5 million means this person was "most likely" paid for week 5 or week 6 at most.
270k x16 weeks puts his pay at 4.3 million and for a DB (position of player we are talking about)in 2004 that was a very good contract. The maximum salary a team could spend on players in the NFL in 2004 was $80.582 million.
They have to pay taxes in every state they play a game in. I’m pretty sure all the taxes are from the out of state games bc I don’t think Florida has income taxes.
Correct, no state income tax (Jock Tax) in Florida. Also no "Jock Tax" in Tennessee, Texas, Washington and District of Columbia
I live in Washington but work in Oregon. Washington has no state income tax and Oregon has a state income tax. Why do I not pay Oregon state income tax and these players pay state income tax where they were working?
It's because you havent reported it properly. You need to pay income tax for the state you are physically working in.
Be careful, Oregon might come for back taxes owed.
Some states have tax agreements where if you work in one and live in the other, you only pay taxes in the state you live in, eg. Virginia and MD, you can work in Virginia and live in MD but only pay MD resident taxes per their tax agreement.
Be careful saying that out loud…
@@beannell11Correct. Tax reciprocity agreements. It’s also why Oregonians don’t have to pay WA sales tax. That was put into the books to help WA businesses along the border who would lose business to OR businesses because the latter doesn’t charge sales tax (although OR legislators are always looking for ways to slip in a sales tax).
@@bigqwertycatnice grammar
Yep, people think that it’s all free and just part of it when you see a players family at a game all cozy up in a suite… nope, nothing is free in the NFL. The team will hook you up with tickets or a suite but you are paying tor it.
Apparently they pay for tee shirts too wtf is that?!? Guess this is pre rev share on jersey sales etc
The amount that players could save is AMAZING. Be frugal.
That check would be $293,057.58 if it was made out today
This is so interesting I love it
Federal tax looks rough when you see that kind of income. Haven't seen anything like this so thank you for the video!
It's theft. Plain and simple. We need to abolish the IRS and Fed.
That check stub does not include agent fees, fyi
Agents typically make 10% so every week his agent would’ve been getting like $20k. That’s nothing lol
NFL agents max out at 3%
I don’t think they charge them for the hotel stay. It probably was hotel room charges for food and drinks
Normally I do not Curse, but What the HELL is there to complain about ! If you make more MONEY, you PAY MORE TAXES ! Try making $50,000 per year, see how far it gets you !
you must be a democrat. Your doctor makes a lot of money. Pretty much everyone you see on TV makes a lot of money
Are you a d3monrat? How much do you deserve your doctor makes a lot of money everyone on TV pretty much makes a lot of money. You must beAliberaltoo
What you fail to realize is the fact that a NFL career average 4-6 years. So that money has to last the rest of their life. And they have higher medical bills than normal people. So this isn't a lot of money.
@darnelljones9849 no, after their playing time, most work for their respective organizations, become announcers, live off endorsements, etc. Or a novel idea: omg they have to get a real job. I knew an ex NFL player that became a teacher in my high school. So depending on how much money they actually do make, some can live off of their earnings for the rest of their lives, or they get jobs like the rest of us
@@PaulC65777 what does that have to do with them only playing football for 4-6 years?
I was in Mayberry diner and they had aunt bees w2 from Andy Griffith show. She did 16 shows of which she was in 11. She made 1600$ or 100$ a show. Not much but it's 4 times what a normal pay was at the time.
in Danville, IN? We're real proud of it here.
Is net pay a money that all players have to pay for taxes or what?
And the players feel some sort of moral obligation to preach to the rest of us about income inequality.
Well, it takes one bad game to break your neck or knees and you are done for. High risk, high reward, simple as that!
@@analienfromouterspace Yep, These guys a lot harder than the people that complain about their checks. People should be paid what their value is. If its millions, than so be it.
The High risk high reward way has been around for a long time. It's like that with everything, sell rock, risk prison time. Want more money, gotta take the risks simple as that.
@analienfromouterspace and that changes nothing said
imagine what the check and tax statements would be for soccer players like Mbappe that are getting $100+ millions a year salary...
You have to pay state income tax for games played in EACH state. 8+ away games usually is 8 different states. I see WI tax was 2x other states. Playoff game?
Regular season. I saw Minnesota also listed, my guess is the NFC South played the NFC North that that, and the Bucs played at Green and Minnesota that year.
It’s crazy to pay taxes from where the away games are at
He literally worked in those states
You pay state tax to the state you earn the money in. Then you get taxed on all of your income in your tax home state for April 15th. You get credited for the taxes you pay to other states in your tax home. Being a bucs player it would surprise me if his tax home was anything besides Florida. But he is filing an income tax return for every state he earned money in as a non-resident.
its Michael Jordan's fault. He beat the lakers so bad in 1991 that they created the MJ tax ot the "jock tax". now 45 states have it.
They have been wanting to do that with truckers. Don't know if it has been implemented anywhere or not. What a nightmare that would be.
If you win, you shouldn’t have to pay.
I worked for a company that used ADP. We got bought out by a large multinational company and as such, any stock options were immediately excercised upon the sale. I had a couple thousand bucks worth, but our US President had something like $8-10 million. They had to ask ADP if their system could kick out a check that large. It could.
Did he sell his paystub?
How'd u obtain this?
NFL players are paid weekly during the regular season. The base salary is divided into 18 installments, which covers the 17-game schedule and the bye week.
Lol this is why Chad Ocho Cinco (Johnson) stayed in the stadium at the beginning of his career. 😂😂
The hotel charges are not for the hotel room, but rather the incidentals they never paid during check out so they’re master account paid them and the NFL team charged it back to the player
My guess is the hotel charges are mini bar, etc? maybe? Very interesting!! Where'd you find them?
This is pretty cool to see not alot of fans get to see stuff like this i can't believe all of the deductions that is taken out like superbowl tickets what they didnt even play in the sb at this time and roster bonus wow
I’m assuming the hotel charges were for room service
My friend played in the nfl. They only get paid for 16 weeks.
The used ADP ?
all the taxes to different states are due to something called a "Jock tax". There's a pretty funny story behind that. The jock tax became widespread across the U.S. starting in 1991. 1991 was the year Michael Jordan and the Chicago Bulls beat Magic Johnson and the Los Angeles Lakers in the NBA Finals. Supposedly, the state of California wanted payback. just about every other state followed suit. Basically, if you earn income in their state, you have to pay taxes on that amount.
Like
To
See a Califorina players deductions
I had no idea the players paid for training camp and workouts. 😅
170K a week in 2004 was amazing. Hell it’s amazing now.
weekly
They earn a weekly salary but only during the season with conditions set on whether they play and how they perform. Like other workers they get bonuses that are paid outside the regular schedule of payments.
Hotel stays are room charges. All of them.
I think they usually get cash per diem as well.
@@pvpat92 - Sure. Likely will be reimbursed...but all of them are almost certainly food or alcohol brought to the room.
They get paid by the game. Their contract is divided up by regular season games.
What's the pay period for the check? In other words, is the check weekly? Monthly?
MESSAGE WAS CLEAR - SELF DEFENSE
They get taxed a certain amount wherever they play a game.
People have got to realize that was only in 2004.
💀 indeed.... I only make around 90k after tax... I'd faint getting 170k a week for like 6 months of work
@@NAT-turners-Revenge blowhards share their pay info on the internet
Why do they get paid weekly? You'd think monthly or even just have a check cut for however many years the contract he signed
Made a mill and a half and only put $13k into his 401(k)??
you need to think about it😂😂😂😂
@@viktorivakhno2244YTD 13k? They’re young and not thinking about the future.
@@viktorivakhno2244Not to mention if the League matches 200%, I’d be stuffing cash in my 401(k) like mad.
There’s a max limit.
They maxed out!
Isn't 401k phased out after about $240k a year, even for couples? If that's the case then this guy would hit that limit in two weeks.
lol the NFL uses ADP 😂
Lol first thing I noticed too.
Well 20 years ago they did. It took a long time to edit the video apparently. Heck it even took me 6 months to reply to you. Lots of lag. Can’t wait to see your response in a few years.
I’m quicker than that. Cool find. Wishing you well with the channel.
@@christianvaillancourt8382 wow. Impressive speed!! Thanks so much!
I absolutely hate ADP. I was so happy when I changed jobs and now just hand in my time sheet and off notices to my supervisor.
If the NFL player was an employee, shouldn't it be "federal withholding", and he'd get some money refunded? Is this real?
Potentially. Or he could owe some more.
@@MrSirMang I'm calling phony check.
@@otrdriverchris i's not. It looks nearly identical to the cheerleaders checks except about 100x more lol. they only make about 30k a year, before taxes.
@@Rad_Brad813 It's certainly not like any W-2 employee check I've ever seen. Perhaps with his super high salary it's a different type of process? You don't think people invent click bait for various reasons? lol
Wish I can make that for my family 😢
Just by being healthy you are very rich, don't be sad
Did he say 200 percent match for 401k I don't know is possible
the income taxes are based on where the income is earned. If a player plays an away game or does work iin other states, he would pay that state's tax an the portion of his income
Save to assume they get it monthly cause the annual says 1.5 million.
$170k a month… that is crazy. Most people who are manager in the banking industry don’t even make that much a year.
Are the top 0.0000000000001% of the population in banking and could end tomorrow at the hospital?
No. That is the gross per game times 17 games. I worked for the IRS as an agent and audited NFL players.
Nah. This is $170k per WEEK. In 2004 the season started in September. That “Year To Date” you saw was what he accumulated in a single month since the stub was from October 2004. Dude made 1.3M a month.
Dude was the 7th highest paid player on the team.
That’s crazy, $500k in taxes and the season probably had another idk 8 to 10 games to go. I’m curious, can players opted to be paid a 1099 instead or get paid through their business. If they could, they would save a lot in taxes. I’m sure the NFL probably wouldn’t allow it
You think a 1099 exempts you from paying taxes? Where would you get that idea?
NFL players get a check for every game, so 17 checks now. Used to be 16. They don't get paid off season.
In 2024 this would be the buccaneers cheerleader check
hell nah lol they make about 25-30k a year. some can make upwards of 50k, but rarely and usually only the captain does. A couple of my exes were Bucs cheerleaders, they are broke af lol.
@@Rad_Brad813 A couple?! It's a job that opens the door to a ton of other opportunities for them though.
Practice squad for sure which ain’t a bad pay check to play the game you love and not be elite level talent (practice squad is still elite just not best of the best).
@@GenPatriotX practice squad players get 225k anually in 2024. They were probably getting 30% of that 20 years ago.
Why does the federal tax take almost 100k
When you're making that kind of money your tax rate is like 35% federal. Thats before any deductions when it comes to filing your tax return for what ends up being your effective tax rate.
Because those are the rules?
the different state taxes apply bc you are paid for the games you play, if you play in Cali they charge you cali state tax rate.
Would those hotel charges have been for family members and friends if they went along with him? I could see being charged for that.
that check is weekly, if you see the statement its every 5 days they get paid.
By 2004 most companies paid via direct deposit whether employees wanted to or not. I know because I was one of the last holdouts who didn’t trust it. And it ended up being the most convenient thing that I ever did for myself. Went from going to the bank at least once a week to not stepping foot in it for 6-8 months. Your money was always there 12:00 am Friday. I signed up to have 100 go into savings, which I’d never done that if cashing my checks in person every week. Kind of jarring that 2004 was 20 years ago.
Is it worth the broken body and life long pain after retirement?
Question: how many weeks do they get paid in a year? 52 (year-round)? 17 (regular season length back then)? or other?
The NFL payroll is setup to every game week, so 17 checks in total. (However playoff teams continue to receive pay) The remaining weeks of the year no checks coming in so hopefully they dont burn it all before the offseason 😂😂😂
I think Cam Newton was bringing in like 800-900k a week after his contract.
@@mnoell35 thats alot of money man!!!!! Sheesh!!
@@Blace5not really but your living good at that point
day 1 is the first day of camp, last day is the last game they play. Paid weekly.
Why are the players charged for their hotels for team games??
That is a 6 weeks into the season check. They don’t get “game” checks until the start of the season
How did you acquire this?
This was for five days …what about endorsements
Almost half the guys paycheck went to the government and the rest went to strippers and car dealerships.
These guys don't know how fortunate they are
Those hotel and suites are not charges or deductions, it’s the opposite. Those are where they were given to the player and this is showing them as income so it gets added back into his total pay so Uncle Sam gets a cut.
Thank you. I would like to see the contract video.
I'm surprised the players aren't 1099 independent contractors.
Those are jock/entertainer taxes from those other states
All those state taxes are due to the players playing in those states. They technically “worked” in that state so they must pay the state income tax.
It's not technically anything. They DID work in those states.
When do they start collecting their pensions
10 yrs of service
False. It takes 3 years of “active roster” time to qualify for the NFL pension. Each year after that results in higher credits, and increase in pension $. Full pension is available at age 55. However, you can wait ‘till 65 to maximize the benefit. Any more questions, and I’d be glad to answer them. I’ve got 5.5 years of service credits myself. I’m looking forward to that monthly check on my 55th birthday.
@@cwheremonster8870 Do you get a certain amount for every year you play.
Never seen an nfl paycheck lol
If he was smart and worked with a tax advisor (not hr block, but a cpa) he’d find ways to get a lot of that money back
Dude pays more in tax in 1 weeks paycheck then I make in 1 year salary 20 years later. Insane.
My understanding is that they pay state tax in the state each game is played.
Why does net pay $0.00?
Thats a game check.....Players get paid for each game not by pay period.
Another example how the government ripes you off
That’s exactly what they’re doing.
Paid LA and CA taxes because when you go there for work you are required to pay taxes there due to state law. I believe New York is another that does the same. But he doesn't pay state taxes on that pay period in his home state of Florida which of course doesn't even have a state tax.
The taxes are a joke. Wasteful spending