Donovan Brazier possibly worth 2 MILLION DOLLARS $$$$

It's a full moon and the idiots have sown up to work right on time.

This is pure speculation from one of the flotrack idiots. It assumes that there are no taxes taken out, and that the money would be guaranteed, and the Brazier would step up and become an international star. It also assumes that Brazier lives like a miser and doesn't have any living expenses.

Mike Tyson made 200 times that and now has nothing. There are hundreds of millionaires from pro sports with similar stories.

That 2 million is really only worth 300k liquid after 5 years.

So even at 3% withdrawal, it's 60k a year and this is if he gets $2 million without any of the money going into anything like you know, taxes.

But some of you guys think $60k/year is set for life?!?!?! It'll be nice supplemental income, but that's about it.

Olympic Truth wrote:

Set for life?? Do a Google search of some past Olympians. Some made some money, but most made decent money and got jobs in the industry. Coaching, working at Nike or other major companies. I know a two Gold Medal winners, one is still struggling, the other is doing OK, has a house and 2 cars, but not set. Also another sprinter that ran sub 10, and the Olympics is in the Navy. Enlisted. He chose to serve our country, and has some money, but not set for life.

Exactly. Meanwhile, USATF officials are doing quite well for an almost invisible sport. Athletes? Not so much.

50 years ago 10 grand a year was like 70 grand a year is today.

How much will he have to make 50 years from now to live a 70 grand lifestyle That is pretty much middle middle class.

A brand new Ford Mustang cost $2,500

It is a lot to manage. He could try hiring a manager.

Olympic Truth wrote:

Your an idiot if you think we think that.

What about my "an"?

reality Chuck wrote:

50 years ago 10 grand a year was like 70 grand a year is today.

How much will he have to make 50 years from now to live a 70 grand lifestyle That is pretty much middle middle class.

A brand new Ford Mustang cost $2,500

False. There are more things to buy than Ford Mustangs. 70 grand for a single guy is not middle class. That's a rich income.

It is very unlikely he would sit on his hands after retiring from running - no matter how long he runs. Having a good income early in his career sets him up for a decent life, but only if he doesn't become addicted to spending it faster than it'll becoming in when the competitive part of his career is over.

Once I paid off my mortgage and my kids got through college, I can live on very little. I could probably sustain myself and live well now with income below the poverty level!

How could you discern his salary off of the title project manager? His/her income depends entirely on the industry they work in. Project managers in financial services firms can make 500k+. Project managers for some random social media marketing company may make 45k but how in the world can you determine that from his post?

Try not to jump to conclusions so quickly. It will benefit your outlook on life.

This looks like the answer... but I wouldn't do it! Stay in College get your degree and stay competitive through out. Don't put all your eggs into one basket. He doesn't have to be in a university context where he is 'used' or required to run always what they'd want him to. He and his coach could call the shots and avoid burn out and peak for specific meets and the Olympics. If serious injury does happen, you then you'll spend your time backtracking professionally - other career wise, where you could have already been if things had panned out. Beware, life almost never goes as planned. "Carpe Diem" - Yes, but set things in place for when the 'Day seizes You'! Don't just trust the 'money' which is linked to your performance on the track - trust in the investment of your mind and networking you'll establish while in college.

Dr. Phil

cjcj wrote:

reality Chuck wrote:

50 years ago 10 grand a year was like 70 grand a year is today.

How much will he have to make 50 years from now to live a 70 grand lifestyle That is pretty much middle middle class.

A brand new Ford Mustang cost $2,500

False. There are more things to buy than Ford Mustangs. 70 grand for a single guy is not middle class. That's a rich income.

$70k is not a "rich" income. I make significantly less than that - gasp! - and even I know that. Considering the cost of student loans and rent alone in many places this is not "rich." It is middle class. As a single person, I'd think you need to make 6-figures before you can claim that you are upper-class.

I would love to know where FloTrack got it's numbers for his possible income. If New Balance is only willing to pay Berian $125,000 a year and he is a 1:43 800 runner and World Indoor champ, I can't see how Brazier would command almost 3 times that amount in base salary and possible bonuses or reductions depending on who he signs with. Granted he is younger and likely has a long career ahead of him, but $300,000 to $500,000 in base salary, seems a bit high to me at this point. Unless they are making assumptions that the kid will make every international team and be top 5 in the world, etc., every year for the next 5 years or so and get the bonuses. With bonuses, there is the potential for an income close to this but I think the writer is forecasting and/or his sources are assuming best case scenario.

A) berian agreed to those numbers with new balance before he was world indoor champ

B) Brazier is also a 1:43 guy at this point, and got there a lot quicker in his career than boris did.

C) Boris seemed pretty set on leaving nike, which limits his options and negotiating leverage.

Jerry Maguire wrote:

What does everyone think, is the American Rudisha worth 2 Million dollars?

http://www.flotrack.org/article/42772-donavan-brazier-may-be-worth-2-million-dollars

Most cases I disagree with College kids turning pro, However there is nothing left for this kid in the NCAA.. NOTHING,

This kid needs to run the Olympic Trials & Turn Pro if he makes the team or after he gets a medal and runs 1:42?

Kid hasn't even been tested yet....

Turning pro did wonders for Mary Cain.

You're right I didn't read the article. I was just pointing out that two million would be enough to set a 19 year old up for life

Maybe, if you live on about 45k a year (which is 60k withdrawal or income minus taxes). Most people would want to live on more.

When you are 19 and need to live the rest of your life, you need a lot of money. When you are 65 and only have so many years left, you need less.

DB should sign for 1 year max, move to L.A., then get a big contract after 1

year.

I am curious if Nike even made a new offer to Berian when the contract expired or if they just waited for him to give them offers from other companies to match if they choose to. Boris may have been set to leave Nike, but Nike likely didn't know that until the NB offer was presented to them. It would be foolish of him or his agent to tell Nike up front they wanted to leave because it would limit his options somewhat. I haven't seen any information as to whether he talked with other shoe companies or did he limit himself to NB? If he did, limit himself to NB that could explain the $125,000 offer. He could have gone back to NB and asked for more after he was World Indoor Champ. Perhaps he did and they upped it. I don't know (just speculating). I don't recall the date of NB's offer sheet (perhaps January?) but since he never signed a contract with NB, there was nothing stopping him from asking them for more money (unless it is found by the Court that once Nike "matched" the amount of the NB contract, Berian could not go back to NB and ask them for more money). Anyone have additional insight? While Berian may have limited himself, I still don't see how Brazier would command nearly 3 times as much as Berian, even considering his impressive accomplishments in his short career. Other than Nike, what shoe company would/could pay Berian that much?

Correction to my last sentence. Other than Nike, what shoe company would/could pay Brazier that much?

"False. There are more things to buy than Ford Mustangs. 70 grand for a single guy is not middle class. That's a rich income."

Depends on where you live. In most major cities, that will get you an "ok" apartment in a "ok" part of town.

If you don't live in a major city, then you might be able to afford a smallish house, or a nicer apartment in a nicer area of town.

You are not rich. In a major city, you are just barely middle class, unless you have a second income (spouse, partner) who also works.