Illogical QB transfer decisions - help me understand

[florange44]

There have been 2 qb transfer decisions that I can’t explain

1) Salter goes to Colorado to compete with a 5 star freshman. Even if he starts and does well, Prime still has to play the freshman In order to keep him. I’m sure Salter is getting paid but surely somewhere else would have paid the same without the competition. Why would he go there?

2) the Ohio st guy, Air Noland, transfers to South Carolina where Sellers is the starting qb and will be for 3 more years. Why in the world would Noland sign up to be a back up for 3 years? QBs need to play in order to cash in the nfl. Again, it can’t be money, he could get that money in many places.

From the other perspective, why would South Carolina commit big NIL money to the back up QB like Noland? Do they really have so much money, that backup qb is a priority?

help me understand please, there must be some factor I’m missing.

 

[SURules]

Big NIL $$ is the only thing that makes sense to me but I agree with you.

 

[OrangeXtreme]

 

[OrangeinDC]

There have been 2 qb transfer decisions that I can’t explain

1) Salter goes to Colorado to compete with a 5 star freshman. Even if he starts and does well, Prime still has to play the freshman In order to keep him. I’m sure Salter is getting paid but surely somewhere else would have paid the same without the competition. Why would he go there?

2) the Ohio st guy, Air Noland, transfers to South Carolina where Sellers is the starting qb and will be for 3 more years. Why in the world would Noland sign up to be a back up for 3 years? QBs need to play in order to cash in the nfl. Again, it can’t be money, he could get that money in many places.

From the other perspective, why would South Carolina commit big NIL money to the back up QB like Noland? Do they really have so much money, that backup qb is a priority?

help me understand please, there must be some factor I’m missing.

 

[HRE Otto IV]

A good season by Sellers and he could go pro.

 

[sufandu]

The Colorado situation makes total sense. See Texas. The freshman sits part of the year or the whole year and plays as a redhshirt freshman or sophomore. He can't go to the NFL for three years anyway, so there's no harm.

 

[SuFTW]

There have been 2 qb transfer decisions that I can’t explain

1) Salter goes to Colorado to compete with a 5 star freshman. Even if he starts and does well, Prime still has to play the freshman In order to keep him. I’m sure Salter is getting paid but surely somewhere else would have paid the same without the competition. Why would he go there?

2) the Ohio st guy, Air Noland, transfers to South Carolina where Sellers is the starting qb and will be for 3 more years. Why in the world would Noland sign up to be a back up for 3 years? QBs need to play in order to cash in the nfl. Again, it can’t be money, he could get that money in many places.

From the other perspective, why would South Carolina commit big NIL money to the back up QB like Noland? Do they really have so much money, that backup qb is a priority?

help me understand please, there must be some factor I’m missing.

Sellers is eligible for the NFL draft after next season and it’s very doubtful he will be there for 3 more years.

 

[ImperialOrange]

Get the most money wherever you can get it, as quickly as you can get it. These gents are all 1 career ending injury away from 0 earning potential from football. There is a real chance for some of these gents to make generational wealth or, at the very least, live a much more comfortable life than otherwise possible.

 

[721Comstock]

Get the most money wherever you can get it, as quickly as you can get it. These gents are all 1 career ending injury away from 0 earning potential from football. There is a real chance for some of these gents to make generational wealth or, at the very least, live a much more comfortable life than otherwise possible.

Not to be crass or elitist, but..

X number of millions of dollars (which, I hate to be that guy, but - is prolly half that after taxes and agent and whatnot), isn't really "generational wealth".

Especially for somebody who's primary skillset of being a QB is gone,
and who likely never focused on anything else in lieu of that.

QB's like Ryan Nassib who made some nice coin holding Eli's clipboard, but who were also a 4.0 Finance major and who were gonna land a nice 6-figure job out of college anyway, are few and far between.

 

[OttosShoes]

Not to be crass or elitist, but..

X number of millions of dollars (which, I hate to be that guy, but - is prolly half that after taxes and agent and whatnot), isn't really "generational wealth".

Especially for somebody who's primary skillset of being a QB is gone,
and who likely never focused on anything else in lieu of that.

QB's like Ryan Nassib who made some nice coin holding Eli's clipboard, but who were also a 4.0 Finance major and who were gonna land a nice 6-figure job out of college anyway, are few and far between.

This. I suppose if they immediately put everything into great investments they can build generational wealth. But they're getting a windfall when they're young and typically haven't yet had a chance to build financial literacy.

Last night Jaxson Dart had a ridiculous diamond chain on. There's been talk of Carson Beck driving around in a Lambo. Obviously they have enough cash for it, and in some sense more power to them. But also, pro football careers are short. That behavior prevents a lot of wealth building, and is typically unsustainable unless they can transition into something else high paying afterward.

 

[corpjet]

There have been 2 qb transfer decisions that I can’t explain

1) Salter goes to Colorado to compete with a 5 star freshman. Even if he starts and does well, Prime still has to play the freshman In order to keep him. I’m sure Salter is getting paid but surely somewhere else would have paid the same without the competition. Why would he go there?

2) the Ohio st guy, Air Noland, transfers to South Carolina where Sellers is the starting qb and will be for 3 more years. Why in the world would Noland sign up to be a back up for 3 years? QBs need to play in order to cash in the nfl. Again, it can’t be money, he could get that money in many places.

From the other perspective, why would South Carolina commit big NIL money to the back up QB like Noland? Do they really have so much money, that backup qb is a priority?

help me understand please, there must be some factor I’m missing.

1. Prime won't be there next year, he will bolt to the NFL the first chance he gets!

 

[AngryOtto]

This. I suppose if they immediately put everything into great investments they can build generational wealth. But they're getting a windfall when they're young and typically haven't yet had a chance to build financial literacy.

Last night Jaxson Dart had a ridiculous diamond chain on. There's been talk of Carson Beck driving around in a Lambo. Obviously they have enough cash for it, and in some sense more power to them. But also, pro football careers are short. That behavior prevents a lot of wealth building, and is typically unsustainable unless they can transition into something else high paying afterward.

Agree. Seems like these kids just waist money. Even if you make the league the standard career is maybe 3 years.
I do remember Garrett Williams talking about having a financial planner as rookie to make sure his money is spent wisely. Some person as Bergeron. Hope a lot of these guys get proper financial advice and not someone that will take advantage of them. Even though there is a fiduciary duty always had that concern with agents.

 

[AngryOtto]

1. Prime won't be there next year, he will bolt to the NFL the first chance he gets!

Just have a feeling that Dallas will move up and take Sanders, then hire Prime as the head coach. I feel it would be a disaster but Jerry world seems to have made poor personnel decisions for a while. Could be wrong and Oakland continues their trend of bad decisions.

 

[Cusefan95]

Not to be crass or elitist, but..

X number of millions of dollars (which, I hate to be that guy, but - is prolly half that after taxes and agent and whatnot), isn't really "generational wealth".

Especially for somebody who's primary skillset of being a QB is gone,
and who likely never focused on anything else in lieu of that.

QB's like Ryan Nassib who made some nice coin holding Eli's clipboard, but who were also a 4.0 Finance major and who were gonna land a nice 6-figure job out of college anyway, are few and far between.

I had a guy around 26 years old who worked for me that won $100,000 in the lottery and quit his job because he was convinced he didn’t have to work anymore. I tried to explain finances to him but he literally couldn’t grasp it - my only success was convincing him to put in a two week notice so we could potentially hire him back at a later date. About a year later he came back looking to be rehired, which we did - and he was wiser about finances because he’d learned the hard way.

Thinking that 20 years olds know enough about money to not make stupid decisions isn’t borne out by reality. I suspect well under half are savvy enough to plan wisely - so no bizarre NIL related decisions made by these kids surprise me.

 

[MSOrange]

This. I suppose if they immediately put everything into great investments they can build generational wealth. But they're getting a windfall when they're young and typically haven't yet had a chance to build financial literacy.

Last night Jaxson Dart had a ridiculous diamond chain on. There's been talk of Carson Beck driving around in a Lambo. Obviously they have enough cash for it, and in some sense more power to them. But also, pro football careers are short. That behavior prevents a lot of wealth building, and is typically unsustainable unless they can transition into something else high paying afterward.

Are you telling me these guys aren't setting aside money for a Roth IRA contribution? I'm not here to tell anyone what to do with their money. It's a free country. But seriously, it would be nice if somebody is giving them some basic advice like that. It's only $7000 and the market has been doing pretty well.

 

[721Comstock]

Are you telling me these guys aren't setting aside money for a Roth IRA contribution? I'm not here to tell anyone what to do with their money. It's a free country. But seriously, it would be nice if somebody is giving them some basic advice like that. It's only $7000 and the market has been doing pretty well.

LOL.

They earn far too much money to be eligible for a Roth IRA.

/ cue Capt Tuttle to chime in about doing a “back-door” Roth IRA in 3, 2, 1..

 

[MSOrange]

LOL.

They earn far too much money to be eligible for a Roth IRA.

/ cue Capt Tuttle to chime in about doing a “back-door” Roth IRA in 3, 2, 1..

Great point. I'm not where I have had to think about that aspect of it

 

[Jcuse_44]

There have been 2 qb transfer decisions that I can’t explain

1) Salter goes to Colorado to compete with a 5 star freshman. Even if he starts and does well, Prime still has to play the freshman In order to keep him. I’m sure Salter is getting paid but surely somewhere else would have paid the same without the competition. Why would he go there?

2) the Ohio st guy, Air Noland, transfers to South Carolina where Sellers is the starting qb and will be for 3 more years. Why in the world would Noland sign up to be a back up for 3 years? QBs need to play in order to cash in the nfl. Again, it can’t be money, he could get that money in many places.

From the other perspective, why would South Carolina commit big NIL money to the back up QB like Noland? Do they really have so much money, that backup qb is a priority?

help me understand please, there must be some factor I’m missing.

Yes. They have more money than they know what to do with. That is what we are up against.

 

[Niastri]

Not to be crass or elitist, but..

X number of millions of dollars (which, I hate to be that guy, but - is prolly half that after taxes and agent and whatnot), isn't really "generational wealth".

Especially for somebody who's primary skillset of being a QB is gone,
and who likely never focused on anything else in lieu of that.

QB's like Ryan Nassib who made some nice coin holding Eli's clipboard, but who were also a 4.0 Finance major and who were gonna land a nice 6-figure job out of college anyway, are few and far between.

Of course generational wealth is a sloppy term that could mean different things. I'll take a shot at defining what the lower limits of "generational wealth" could mean.

If you were raised in a family with a combined family income of 100k, for instance, if you can create that income stream permanently, with inflation protection, for $3 million or so dollars.

SCHD (dividend paying ETF) pays 3.88% right now and has a long term record of increasing their dividend faster than inflation. (Not financial advice). Your $3 million pays enough to replace your family income and still have some leftover to reinvest. It also has a qualified tax rate, so your take home is more than if you earned that amount in a salary.

For $6 million, your parents can retire too. This is where I would suggest you actually have generational wealth... It isn't enough to take care of yourself. Plus, when your parents die, you can use that pool of money to make sure your kids are taken care of as well.

But you still have to be careful with spending.

Most of these kids aren't getting that much from NIL. Very few of them are going to get close. When taxes (ignoring the agents fee) are counted, you'd need about double that in NIL and not spend any of it to get to the target amount. Very few kids are getting "generational wealth" from my narrow definition from their NIL.

At least not yet... The fact that QBs are commanding multiple millions per season means it won't be long before they are at least leaving college without ever having to have another job.

Taking care of their families permanently will still require NFL time, though. NIL isn't that much, yet.

It sure beats working 20 hours a week at the college information desk for (inflation adjusted) $8.5 an hour like I did, though. And I felt like I was rich because I had an academic scholarship and could actually waste every penny of it, unlike some of my friends who were scrounging every penny for tuition.

 

[Niastri]

I had a guy around 26 years old who worked for me that won $100,000 in the lottery and quit his job because he was convinced he didn’t have to work anymore. I tried to explain finances to him but he literally couldn’t grasp it - my only success was convincing him to put in a two week notice so we could potentially hire him back at a later date. About a year later he came back looking to be rehired, which we did - and he was wiser about finances because he’d learned the hard way.

Thinking that 20 years olds know enough about money to not make stupid decisions isn’t borne out by reality. I suspect well under half are savvy enough to plan wisely - so no bizarre NIL related decisions made by these kids surprise me.

I had a kid working for me in his first "real" job. After his first year of salary, in which he bought a new car and thousands of dollars of video game stuff, he lost his food assistance. He quit his job because he was "making too much."

Teaching young people how to manage their money is insanely difficult.

I felt a lot of guilt as a financial planner for a few years charging people a decent fee to manage their money. 90% of what I did was all basic information freely available for anyone with two brain cells to rub together. But it's amazing how many of my clients would have been absolutely out of luck without somebody trustworthy to tell them what to do.

Their financial lives were way better because they hired me.

 

[ImperialOrange]

Not to be crass or elitist, but..

X number of millions of dollars (which, I hate to be that guy, but - is prolly half that after taxes and agent and whatnot), isn't really "generational wealth".

Especially for somebody who's primary skillset of being a QB is gone,
and who likely never focused on anything else in lieu of that.

QB's like Ryan Nassib who made some nice coin holding Eli's clipboard, but who were also a 4.0 Finance major and who were gonna land a nice 6-figure job out of college anyway, are few and far between.

Not crass at all, "wealth" is generic term and tons of variables involved. Depends on upbringing, desires and surroundings.

At 40 years old $3m is the number to allow me lifestyle I want and never have to work again. Would I stop working? Not likely for another decade but that decade of earnings as well as owned land and housing without ever worrying about mortgage payments certainly allows my lineage much different options than I had. That's generational wealth to me, freedom from wage slave indentured servitude.

All that goes out the window if it's a 19 year kid making it rain and driving Lambo's but specifically thinking of Shamarkos situation when at Cuse... yeah few mil is generational there.

 

[pokercuse08]

He quit his job because he was "making too much."

I actually once met someone who turned down a raise because, "I would have lost money after taxes because it would have bumped me up a bracket." I tried to explain progressive tax brackets to them, that the new top marginal rate would only apply to the income above that threshold, but their eyes glazed over and they just cut me off and ranted some more.

 

[OttosShoes]

I actually once met someone who turned down a raise because, "I would have lost money after taxes because it would have bumped me up a bracket." I tried to explain progressive tax brackets to them, that the new top marginal rate would only apply to the income above that threshold, but their eyes glazed over and they just cut me off and ranted some more.

This is true; pretty much nobody is going to have that issue on a W-2.

However, people with K-1's or big 1099s or otherwise have to pay quarterly estimated taxes, they’re based on the previous tax year. If somebody has a windfall income one year that likely means they will have huge quarterlies the next, and they may not know if they're going to have a windfall the following year, so a big income in one year can risk future cashflow issues (even though they would get the money back eventually if they don't, it takes time).

I say this, because this type of situation is a prime target for tax write-off donations like the 'cuse athletics fund, or business advertising expenses that can be written off like, potentially, NIL deals.

 

[MamesJungro]

LOL.

They earn far too much money to be eligible for a Roth IRA.

/ cue Capt Tuttle to chime in about doing a “back-door” Roth IRA in 3, 2, 1..

lol i was about to chime in and say this

 

[All4SU]

Just have a feeling that Dallas will move up and take Sanders, then hire Prime as the head coach. I feel it would be a disaster but Jerry world seems to have made poor personnel decisions for a while. Could be wrong and Oakland continues their trend of bad decisions.

It would be even better if Dallas hired Prime as HC and then he didn’t draft his kid.