You have to choose taking $10 mil tax free and quiting football or do you continue to play?

[Balljim55]

I keep playing. I cannot support my posse on 10 mil

 

[DetroitDevil]

I keep playing. I cannot support my posse on 10 mil

You need a lower class posse, or a wife.

 

[Ojb81]

You need a lower class posse, or a wife.

a 6-year old thread about jermichael finley? now that's some grade-A bumpage right thar.

 

[Wolverine830872]

You need a lower class posse, or a wife.

You must have been searching high and low to try to find a post from @Balljim55 to try to make fun of him. And this is what you came up with? Thats a more pathetic result than the cowboys in week 1

 

[DetroitDevil]

You must have been searching high and low to try to find a post from @Balljim55 to try to make fun of him. And this is what you came up with? Thats a more pathetic result than the cowboys in week 1

Derp. I didnt search for anything, this thread just appeared on page One.

 

[The Q]

Based on one muni bond fund I was looking at, that would be approximately $22k per month TAX FREE if you invested it all in there.

Let's say you keep 2k per month reinvesting so the fees dont' eventually cannibalize the payout...you're gonna be ok with 20k per month tax free forever.

 

[FaCe-LeE-uS]

Derp. I didnt search for anything, this thread just appeared on page One.

 

[Southieinnc]

Jermichael Finley supposedly has had offers from Pittsburgh. The doctor there did surgery on his neck. The money offered was not enough. He has an insurance policy that will pay him $10 million tax free if he does not play in at least 4 games by October 20th.

Do you try to get a contract better than that and make more than that $10 million or do you take the tax free cash and retire?


Yahoo Sports NFL


Jimmy Graham agreed to a four-year, $40 million contract on Wednesday, at age 27.



Fellow tight end Jermichael Finley, also 27, has $10 million waiting for him. It's not $40 million, but it's enough to live comfortably the rest of his life.


All Finley has to do to collect that money is give up football. There's the rub.


Finley, who has spent his entire career with the Green Bay Packers, suffered a serious neck injury against the Cleveland Browns last year. It happened to be the final year of his contract. So he went into free agency with a neck issue that makes it hard for an NFL team to invest heavily in him.


He has a $10 million insurance policy, though. As USA Today's Tom Pelissero detailed, Finley can file a claim on Oct. 20, one year after the injury, if he hasn't played in four games by then.
Again, Finley is just 27. He is in his prime as an athlete and a healthy Finley can help many NFL teams, including the Packers. The insurance money would be great, but it's understandable that


Finley isn't ready to give up football yet. It's quite a dilemma, especially considering that if he signs with a team it's unlikely to be anywhere near $10 million, with no guarantee that he'd make that much in future contracts either. And retiring from the game would be the safest thing for him, health-wise.

"Pittsburgh have showed me a couple deals, but we all know the money ain't what it's supposed to be," Finley told USA Today. "If I quit the game right now, I can take tax-free money, and that's a difficult thing that I'm going through with myself …"​

​

Finley is working toward a return. Finley, who had two vertabrae fused after the injury, has more tests scheduled for Wednesday, USA Today said, which he can show to teams to prove his spine is healing. He was cleared in May and he told Pelissero that doctors said it's "99.9 percent" that he'd be more protected and in better shape than he was before his injury.


But nothing in football is safe, and Finley could basically retire, collect $10 million and live a comfortable life. That life, however, would be without the sport he has spent his entire life playing. A lot of work goes into building up a career like Finley has had. Money alone can't make up for giving that up at age 27.


It's a tough choice that almost anyone would struggle with. So what would you do?

Take the $10 million and turn the lights off on the way out.....

 

[Southieinnc]

Based on one muni bond fund I was looking at, that would be approximately $22k per month TAX FREE if you invested it all in there.

Let's say you keep 2k per month reinvesting so the fees dont' eventually cannibalize the payout...you're gonna be ok with 20k per month tax free forever.

Obviously you forget the attorney's take - for some strange reason.....

 

[Mebert]

No way in knowing his spending habits, but he also made 14 over his career, so let's say 65% to taxes/accountant/paying off life.

It is not unreasonable he is sitting on 4-5 million with no outstanding debts. That alone would be enough to make me walk, 10 on top is just a bonus.

 

[redseat]

holy old thread!!!

Topic is still relevant.

I'd take $10 million tax free. No telling if you remain healthy if you continue to play

 

[The Q]

Obviously you forget the attorney's take - for some strange reason.....

i thought this was insurance. Not a lawsuit

 

[Southieinnc]

i thought this was insurance. Not a lawsuit

attorneys charge for everything! Nobody rides for free.....

 

[The Q]

attorneys charge for everything! Nobody rides for free.....

Idk if insurance like this is different from say, life insurance, but I know you don't need a lawyer to file that claim.

 

[Southieinnc]

Idk if insurance like this is different from say, life insurance, but I know you don't need a lawyer to file that claim.

You never need an attorney. Anybody can chuck a dummy.....

 

[Dude]

Considering few have that option, well, just take it day by day, limit mistakes and sail in the muddy covid waters of reality. That little bug virus turned the world upside down. And it was already upside down. Go figure.

 

[broncosmitty]

So, did he take the money?


I wanna know how this ends.

 

[Beaker]

I promise to never play another game in the NFL.

When do I get my check?

 

[Ojb81]

I promise to never play another game in the NFL.

When do I get my check?

It's in the mail

 

[Wazmankg]

If I'm a starting QB, no. Otherwise yes.