The poker lifestyle is a tough one. I know that former college coach Mike Cunningham was a pro poker player in Vegas for a while. He’s now the Gill Athletics national sales rep and has a track podcast.
The poker lifestyle is a tough one. I know that former college coach Mike Cunningham was a pro poker player in Vegas for a while. He’s now the Gill Athletics national sales rep and has a track podcast.
scared but not just now wrote:
johnny drama clip was a joke, who would seriously screa that they 'aRe ThE GAmE!!!!'?
also, what is his car that someone mentioned?
It's a Nissan GTR. I'm sure he bought it new so ~ 100k
He also mentioned it was his 'weekend' car so I'm sure he has others.
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sam man wrote:
poapalakan wrote:
Yikes dude. Either you’re really envious and salty if his money or just an idiot. I’ll break it down for you real quick.
He went pro in 2011 and his contract after winning bronze was 400k a year for 6.5 years. He also got a silver in 2013 adding another 50k-75k rollover bonus to his base, that’s at least 450k a year for 6.5 years. Then you add in all the other bonuses, appearances and prize money. He wins 10k from USATF and often contracts match USATF prize $ so let’s say 20k per USATF win. He won 5 of those outdoors. He ran 3:30-34 every single year so there’s some time bonuses. He won a gold medal that was worth 500k a year rollover so he made 1M off that in 2016. He also won world indoors same year which was 60k prize money and who knows how much for a Nike bonus. He also wins diamond league money and appearance fees probably totaling over 50k a year. Not to mention he has won a ton of other events like JDL, grand blue mile, milrose etc. Then add in another 3 years at an even higher base (he’s probably at 500k now) for being an Olympic champ in the 1500m. Any guesses how much appearance money he brings in? I bet it’s pretty sweet.
All in all, my conservative estimate is he’s made over 5 MILLION DOLLARS in his career. Agent takes 15% typically. Taxes another 25%. He’s worth multiple millions of dollars, buddy. 25k is change to him. These are the rewards to being an American Olympic MF champion in a blue ribbon event like the 1500m.
Just rewards for the greatest American miler of all time (he has fastest born American 1500m time ever and 4 medals including only Olympic gold in modern American history so don’t try to debate this).
Taxes are a whole lot more than 25%. He’s looking at 35% federal including SSI and another 10% or so state income tax depending on his state of residence. If he’s in Oregon, it will be all of 10%. Yes, he can afford to drop $25K one time, but he can’t afford to make a habit of doing so.
So if he’s grossed 5, he might have netted 3 and probably spent 1 living the last 5 years. Given that he’s either reaching or has reached the end of his big money days, he really can’t afford to keep living the baller lifestyle.
EXACTLY! Everything Sam man said is 100% true.
Plus if gambling continues or escalates it will get even worse with future income being much more limited
The cojones on this one! Happy to see him being able to enjoy life ot the fullest as a gold medalist. There were very few scenarios where he could win gold yet he will continue to profit for the rest of his life from the one he was able to live out. Jakob probably wins 50% + of the 1500 scenarios in Tokyo, but Centro not so many in Rio.
I lost big in the stock market yesterday, though it is rebounding a bit today, so far. And it will continue to yoyo. And I could lose my shirt. Or I could continue to make decent money.
Even AFTER the loss yesterday, I was still up 15.4% over my total one year and six days ago, at the end of 2020.
My point -- everything is relative. A big loss ain't necessarily a big loss in the overall scheme of things! Watch the current Jeopardy champ. She bet big in a Final Jeopardy recently, knowing she would be the ongoing champion even if she did lose, and she got it wrong. But she knew she would be coming back to add to her mountain of cash earned to date. She's accrued over $900,000 in winnings. BUT SHE LOST BIG MONEY IN THAT ONE GAME!! GASP!!!!! What a LOSER, whose life will be defined by that, and other, losses! Yeah, it's possible, but not probable.
Stupid people -- those of you who have decided that Centro is a big-time overall loser just because he lost big time in ONE poker game. And even if this was his only poker playing, and losing, his loss might be a drop in the bucket for an Olympic gold medalist.
Or he's headed down the road to financial ruin. YOU decide, based on this slight glimpse into his life. I repeat...STUPID PEOPLE!
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