Re:Ravens OL John Urschel, 26, retires abruptly, two days af...
by ThrustVectoring on Thursday July 27, 2017 @02:07PM
(#14867870)
He's set for life if he keeps his expenses at $25k/yr. $1.8MM / $25k = 72. Even if he loses half to taxes, that's still 36 years worth of expenses in assets. If I had that much, I'd retire in a heartbeat.
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Re:Ravens OL John Urschel, 26, retires abruptly, two days af...
by nshelly on Thursday July 27, 2017 @02:20PM
(#14867991)
On the cumulative salary of $1.8m over three years he's looking at an effective rate of around 35%. But he definitely won't lose half of his pension to taxes. That's one of the main advantages is that is spread out over a number of years. The NFL, with all its faults in neglecting players health, was wise to set players up with pensions.
Re:Ravens OL John Urschel, 26, retires abruptly, two days af...
by willhslade on Thursday July 27, 2017 @03:44PM
(#14868728)
Um, what?
Doesn't the average NFL player have a life expectancy of 53-59, and you can only collect the pension after 55? They can move it foward starting at age 35.
Cynical me says it's a political nothing burger.
Re:Ravens OL John Urschel, 26, retires abruptly, two days af...
by maxerickson on Thursday July 27, 2017 @02:50PM
(#14868243)
Does anybody know the history?
I would sort of expect that the NFL Players Association had something to do with establishing it.
Re:Ravens OL John Urschel, 26, retires abruptly, two days af...
by ThrustVectoring on Thursday July 27, 2017 @03:07PM
(#14868377)
I didn't even count the pension in there, just the $1.8m in salary.