The problem now is that he has to pay for College, lodging (when he goes to College), food, travel to races, physio, fee for agent…
…and hope that he does not pull his hamstring or tear his calf…
I’m guessing getting college paid for was part of the multi-year contract.
Nonetheless, to the extent this story is remotely true, I’m glad his parents shut him down. That is proper parenting. Humility and gratitude first. Invest the money because there is no guaranteed tomorrow in track and field. Buy a nice car, sure, but no need to show off. The kid isn’t old enough to truly appreciate it yet.
The problem now is that he has to pay for College, lodging (when he goes to College), food, travel to races, physio, fee for agent…
…and hope that he does not pull his hamstring or tear his calf…
I’m guessing getting college paid for was part of the multi-year contract.
Nonetheless, to the extent this story is remotely true, I’m glad his parents shut him down. That is proper parenting. Humility and gratitude first. Invest the money because there is no guaranteed tomorrow in track and field. Buy a nice car, sure, but no need to show off. The kid isn’t old enough to truly appreciate it yet.
About 100% of parents would do the same thing. If I was his parent, I would wouldn’t let him spend more than $100K for a car.
I’m guessing getting college paid for was part of the multi-year contract.
Nonetheless, to the extent this story is remotely true, I’m glad his parents shut him down. That is proper parenting. Humility and gratitude first. Invest the money because there is no guaranteed tomorrow in track and field. Buy a nice car, sure, but no need to show off. The kid isn’t old enough to truly appreciate it yet.
About 100% of parents would do the same thing. If I was his parent, I would wouldn’t let him spend more than $100K for a car.
Fortunately the world's best car only goes up to $102k depending on trim:
It must have been a Maybach. It's also a Letsrun story. Given the journalism of this site, the anecdote could just be fabricated.
Teenage boys are not interested in executive luxury cruisers. They want sports cars. So it must be the Mercedes-AMG GT Black Series, which has the fastest production car time on the famous Nürburgring track. And yes, that costs $500k.
Bid for the chance to own a 47-Mile 2021 Mercedes-AMG GT Black Series P One Edition at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #237,976.
Of course it would be stupid for a kid to buy that, so glad his parents are holding him back. There's no guarantee he'll perform in the future (see Verzbicas, etc) and athletes have relatively short careers, so better to save and invest and not blow all the in-hand earnings. There's a reason so many ex-NFL anc NBA players go bankrupt.
Young celebrities are notorious for overspending and putting themselves in debt. Hopefully his parents can continue to talk him down. He can be set for life or he can be broke for life depending on how he plays his cards.
Of course it would be stupid for a kid to buy that, so glad his parents are holding him back. There's no guarantee he'll perform in the future (see Verzbicas, etc) and athletes have relatively short careers, so better to save and invest and not blow all the in-hand earnings. There's a reason so many ex-NFL anc NBA players go bankrupt.
Of course it would be stupid for a kid to buy that, so glad his parents are holding him back. There's no guarantee he'll perform in the future (see Verzbicas, etc) and athletes have relatively short careers, so better to save and invest and not blow all the in-hand earnings. There's a reason so many ex-NFL anc NBA players go bankrupt.
Verzbicas was responsible and bought a bike.
lmaooooo well done. And I don’t feel bad laughing. He’s a MAGA looney now. Can’t make this crap up.
wild to see how verzbicas was THE running prodigy of his time, and then it all went downhill after the crash. Who knows what he could’ve done if he had stayed in the sport
Of course it would be stupid for a kid to buy that, so glad his parents are holding him back. There's no guarantee he'll perform in the future (see Verzbicas, etc) and athletes have relatively short careers, so better to save and invest and not blow all the in-hand earnings. There's a reason so many ex-NFL anc NBA players go bankrupt.
Verzbicas was responsible and bought a bike.
Yet statistically, I'd bet a teenager driving a hypercar is probably a lot more likely to die than a teenager on a road bike. Supposedly responsible rich executives in fancy cars off themselves on canyon roads like Angels Crest not infrequently, and teenagers are worse drivers than that.
Can we give the kid a break? When many of us were 17 years old, we didn't have any strong comprehension of Financial Literacy and we were more preoccupied with Teenager Things such as dating and yes, cars.
How many of us would be able to look in the mirror and say we wouldn't be intrigued with buying a super expensive car the moment we had some form of what we consider "real money"?
The main takeaway I have from this news story is that Cooper's Parents are providing him with a good level of grounding so his ego doesn't get too large- a very difficult thing to do when a person has the world at their feet at only 17 years old.
Bottom Line: Cooper is a World Champion and a Generational Talent but he is also just a normal teenager as many of us were at one point in our lives. Lets not judge and we can root for his continued success and development.
To be clear, I, at least, am not ripping on the kid. Just pointing out the car he is probably wanting and pointing out that it would be dangerous as heck for a kid to drive even if he is a responsible kid. Inexperience and insane horsepower don't mix, even on a race track. His parents are making the wise decisions here, as they should.
It's no different than the corporate world. I pulled in $714k gross and lost close to 40% in taxes.
Humble brag aside, I'm guessing you wouldn't spend all of your after tax salary on one car.
He'll be too busy saving for his retirement and hospital bills.
Imagine earning a good living in a country that allows paid time off for holidays, paid sick, healthcare without worry and a state pension. Ah man, land of the free, babe
