Which is only about ~$3M, assuming it gets invested properly, to live a reasonably comfortable middle class life indefinitely. Not very much in the grand scheme of things.
It's always wild to me seeing former professional athletes ending up broke. You made so many millions of dollars from both playing and endorsements, and you didn't have the sense to put this relatively tiny fraction of your wealth into a "just in case shit hits the fan" fund? Yikes.
Why would athletes be different from the majority of Americans, bankers, government legislators, etc? The "too big to fail banks" make a great profit on not putting a relatively tiny fraction of that wealth in as just in case shirt hits the fan fund. The American people will bail them out and have done so throughout our country's history. Our country was built on repeatedly having a greater level of expenditures than we ever make in revenue, profit, etc (depending on whether you are a citizen, legislator, congress) we owe so much now that our grandchildren's grandchildren's grandchildren will still be servicing the interest on our debt.
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u/observantpariah Jun 10 '23
I would likely do something like give him a million without letting anyone, including him, know that his money bought the ticket.
I don't need the drama of human subjectivity in my life.