The way welfare works in Scandinavia you get money from the government if you have to take days off from work to stay home with a sick child - the amount you get is proportionaal to and based on your official taxed income. If that income comes from a business you can let most of it sit there before you decide to pay it out to your employee (yourself and/or yourselves) and have a minimum official income until you do so.
Now with a child at home, a home to build and a chosen career that can end any minute with a broken pinky toe (just ask his brother) it makes sense to start moving money from the business part to the fully taxable individual so that he gets as much money as possible back from the government if something should happen to himself or his family.
i.e Scandinavian athlete income numbers aren't automatically chronologically related to performance - it all depends on how they've set up his business side.
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There's money in the sport. No comparison to the NBA of course, but still, our stars, Norwegian or American or Kenyan, are rich. Very rich, if at the very top. Even Shelburrito without any global medals said she earned over $300,000 p.a. in her best years.
ROJO, how much did the brothers make? This is much more interesting to me. Jakob could make a million or 10 million and it wouldn't be out of line or shocking.
There's money in the sport. No comparison to the NBA of course, but still, our stars, Norwegian or American or Kenyan, are rich. Very rich, if at the very top. Even Shelburrito without any global medals said she earned over $300,000 p.a. in her best years.
That's nice to know, isn't it?
Yes. but nnot a ton.
A guy told me that he thougth Cole Hocker's Nike deal would only be 400-500k after Olympic gold. He said Centro got a 250k bonus for gold that rolled into the contract for the next cycle so at least $1 million whereas Hocker's bonus was a 1-time 250k bonus.
It's kind of crazy as I heard Andy Wheating got like 700 or 800k per year at one point. Doesn't have he a multimillion house in CO? Drew Hunter got millions over 10 years.
There's money in the sport. No comparison to the NBA of course, but still, our stars, Norwegian or American or Kenyan, are rich. Very rich, if at the very top. Even Shelburrito without any global medals said she earned over $300,000 p.a. in her best years.
That's nice to know, isn't it?
There is money and consider how many more pro track athletes there are earning from very little to mega bucks compared to the NBA which is limited to the set number of teams and roster limits.
An intelligent person can make the most out of much less money.
Let's say you were offered 60K base salary (that's realistic and based on people I know personally). Then you took any bonus and prize money and out it away for "retirement".
Maybe you have a 5 year career. You would have put a decent chunk of money away that would be multiplying very well.
That's not bad. No, you won't have a mansion and be driving around in expensive cars, but you'll be comfortable.
There's money in the sport. No comparison to the NBA of course, but still, our stars, Norwegian or American or Kenyan, are rich. Very rich, if at the very top. Even Shelburrito without any global medals said she earned over $300,000 p.a. in her best years.
That's nice to know, isn't it?
Yes. but nnot a ton.
A guy told me that he thougth Cole Hocker's Nike deal would only be 400-500k after Olympic gold. He said Centro got a 250k bonus for gold that rolled into the contract for the next cycle so at least $1 million whereas Hocker's bonus was a 1-time 250k bonus.
It's kind of crazy as I heard Andy Wheating got like 700 or 800k per year at one point. Doesn't have he a multimillion house in CO? Drew Hunter got millions over 10 years.
Wow as nnnnot a ton a shocker didn’t get as big money as center as Andy got a TON of money each year for years as that’s more than one year at one point.