McCord

[kcsu]

Dash - a minor (but important) correction:

There’s nothing tax-free about an annuity.

That’s why they are called tax-deferred.

Yes - Lincoln has an annuity where you can get the tax-advantaged benefit of the exclusion ratio
(whereby a portion of your payments are non-taxable, as they are considered return of principal) without having to annuitize the contract.

But we’re getting even more into the weeds with this now.


BUT - we’re that many more posts closer to our goal!!!

Going forward I'll stick to defending JW hiring Red, blaming JB, praising Fran, and praying that regardless who our coach is next season we find a true pg.

 

[orangepassion]

While maybe true, I don’t think Kyle is going to base his decision on the possibility of not making the NFL.

You never know where a heart pushes a guy. Obviously, it's all these guys dreams to play in the NFL. However, I believe if he goes with his head, and he comes across to me as a very smart and thought-out guy, I think he stays (assuming he gets the approval soon).
Scenario A-He goes pro-He's projected to be a mid-rounder at best, so NFL best case scenario for next year, he is a backup. Additionally, even if he makes a team (and I am a fan of his and optimistic he would), NFL contracts are not guaranteed and they can drop him whenever they want. If he doesn't make the team-he gets nothing. Don't forget, even if he's good enough, he can get injured in camp, have some sleeper QB ball out, or have some organizational politics play a factor.
Scenario B-He gets over a million dollars guaranteed to be the face of a Major College Football team.
Best case scenario-He balls out again with even more hype after this season, makes the NFL in a year and develops and becomes a starter.
Worse case scenario-He doesn't make the NFL, but has another 1-2 million dollars in his pocket. That's a pretty good start to your post-college career.

 

[Cusefan69]

So for guys who showed they can catch we have Pena (big retention here), Gill, Ross Simmons (should be fully healthy I think), Nixon, Wallis (both showed decent catching). Also Ross (freshman) averaged 15 ypc. Zeed if he returns over 12 ypc and Tremble who can come in maybe to replace OG.
So if all return that is a talented slate of guys who can catch. We are strong here next year.
Edit: Also picked up what appears to be a possible high upside transfer from South Carolina...forgot his name though at WR.

 

[CanadianSU]

 

[W'boro'Cuse315]

Don’t forget Moss and the two wideout transfers.

I assume you meant Ross? Randy ain't walking through that door.

 

[SUFan44]

I'm not worried about weapons. They're a dime a dozen and you can get a couple in the portal once McCord announces his intention.

 

[EnviroSciGuy]

Here’s the thing:

When you take $ out of a tax-deferred annuity -
it’s no longer deferred.

And you can’t live off of it if you don’t ever draw on it.

Also -

Let’s say Kyle used kcsu financial wizards to plan for him.

And let’s say he doubled down on your 5% plan, and plopped $2 million into one.

(ignoring for the moment that he would have had to grossed nearly $4M, such that he’d net out the $2M to invest in your plan.)

So thats’s $100k / year in taxable (because he needs to live off of it) income.

And ten years from now (assuming he’s still able to get 5%) it’s still only $100k / year.

And 20 years from now.

And 30 years from now.

That’s what is called fixed income.

Given that inflation is a thing that very much exists, his real income will be decreasing each and every year that passes.

And he’s only 22 right now.

 

[4evaOrange]

Well over a million. Next year is 2-2.5m. I know that for a fact

Good for him.
And next year lampkin is gone so the allocation is even better for McCord then.

 

[Red2003]

I’d rather hear peoples whiskey recommendations than get their financial recommendations on this thread. Just saying.

 

[Nick44]

I’d rather hear peoples whiskey recommendations than get their financial recommendations on this thread. Just saying.

Let’s talk about insurance. Specifically, volcano insurance….

 

[javadoc]

Maybe tomorrow there will be an epiphany.

Respighi’s treatment from Feste Romana is bonkers

 

[qdawgg]

What pet insurance are people using and why.

 

[W'boro'Cuse315]

I’d rather hear peoples whiskey recommendations than get their financial recommendations on this thread. Just saying.

This is random but I listened to the first 5 mins of the Wake-SU hoops game on the radio & I swear that I heard a commercial for Dewars that referred to them as “the official whiskey of” either “Syracuse Basketball” or “Syracuse Athletics”. Anyone else hear this commercial/have knowledge of this or am I losing it?

I thought it was hilarious considering the current state of our hoops program lol.

 

[SuFTW]

You never know where a heart pushes a guy. Obviously, it's all these guys dreams to play in the NFL. However, I believe if he goes with his head, and he comes across to me as a very smart and thought-out guy, I think he stays (assuming he gets the approval soon).
Scenario A-He goes pro-He's projected to be a mid-rounder at best, so NFL best case scenario for next year, he is a backup. Additionally, even if he makes a team (and I am a fan of his and optimistic he would), NFL contracts are not guaranteed and they can drop him whenever they want. If he doesn't make the team-he gets nothing. Don't forget, even if he's good enough, he can get injured in camp, have some sleeper QB ball out, or have some organizational politics play a factor.
Scenario B-He gets over a million dollars guaranteed to be the face of a Major College Football team.
Best case scenario-He balls out again with even more hype after this season, makes the NFL in a year and develops and becomes a starter.
Worse case scenario-He doesn't make the NFL, but has another 1-2 million dollars in his pocket. That's a pretty good start to your post-college career.

Quarterbacks need to have confidence, which Kyle has and I do not believe he is afraid of not making an NFL team. I think it is a business and career decision for him, not a decision based out of fear.

If he is drafted and signs a contract there is indeed guaranteed (bonus) money, but not as high as his projected NIL unless he is drafted by mid second round or so.

Numbers from 2024

• Third-rounders: The highest pick (No. 65) of the third round gets $5.7 million in total value and $1.2 million as a signing bonus. The lowest pick (No. 100) will earn close to $5.3 million in total value and then more than $857,000 in signing bonus.
• Fourth-rounders: Top pick (No. 101) will get close to $4.6 million. They’ll receive approximately $510,000 for a signing bonus. The last fourth-round selection will be handed $4.35 million and $509,000 in bonus cash.
• Fifth-rounders: The 136th selection can earn a $4.2 million deal with a $362,000 signing bonus. The final pick of the fifth (176th due to compensatory picks), earns close to $4.1 million and $245,000 in signing bonus.
• Sixth-rounders: Pick No. 177 can sign a deal in the $4.050 million range with a signing bonus of more than $218,000. The final pick of this round, No. 220, is given $3.97 million to start followed by a $133,000 bonus.
• Seventh-rounders: The first pick here (No. 221) starts with up to $3.95 million with a signing bonus of close to $117,000. The last pick, best known as “Mr. Irrelevant,” gets handed $3.9 million along with approximately $78,000 in bonus money.

NFL Rookie Salary (Updated 2024): How Much Do NFL Draft Picks Get Paid?

How much do NFL Draft picks get paid? Here is everything you need to know about rookie contracts.

www.profootballnetwork.com

 

[EnviroSciGuy]

This is random but I listened to the first 5 mins of the Wake-SU hoops game on the radio & I swear that I heard a commercial for Dewars that referred to them as “the official whiskey of Syracuse Athletics”. Anyone else hear this commercial or have knowledge of this or am I losing it?

I thought it was hilarious considering the current state of our hoops program lol.

Are you sure it isn't just the official whiskey of Matt Park? Maybe he added that bit.

 

[dasher]

Dash - a minor (but important) correction:

There’s nothing tax-free about an annuity.

That’s why they are called tax-deferred.

Yes - Lincoln has an annuity where you can get the tax-advantaged benefit of the exclusion ratio
(whereby a portion of your payments are non-taxable, as they are considered return of principal) without having to annuitize the contract.

But we’re getting even more into the weeds with this now.


BUT - we’re that many more posts closer to our goal!!!

I know all of that. That is why I singled out Lincoln and their exception.

 

[SanDiegoCuse]

JRS back?

From what I have heard I believe so.

 

[SuFTW]

I know all of that. That is why I singled out Lincoln and their exception.

I don’t think it’s exclusive to Lincoln.

 

[Oakland]

So for guys who showed they can catch we have Pena (big retention here), Gill, Ross Simmons (should be fully healthy I think), Nixon, Wallis (both showed decent catching). Also Ross (freshman) averaged 15 ypc. Zeed if he returns over 12 ypc and Tremble who can come in maybe to replace OG.
So if all return that is a talented slate of guys who can catch. We are strong here next year.
Edit: Also picked up what appears to be a possible high upside transfer from South Carolina...forgot his name though at WR.

Don't we have about 15 WRs signed up for next season? I would hope we would have 4-5 good ones.

 

[BKCuse]

What I think some aren't thinking about is there's no guarantee that McCord makes the NFL and even if he does, that he becomes a starter. There's only about 30 of those in the world. He returns to Syracuse, it gives him one last guaranteed chance to be the man and lead a team, as well as get more experience to help him become a better QB to hopefully succeed in the NFL. Additionally, he gets a guaranteed good payday if he returns. He goes to the NFL, there's so many factors that affect making a team and it will likely be there in a year as much as it is this year. Once you go to the NFL, there's no do over.

Couldn’t agree with this post more especially the part about another year to be the man and lead a team. That will never happen again for most of thee guys which is why with NIL money it makes sense to come back.

But I thought the same about LQA so what do I know

 

[Yegorange]

Couldn’t agree with this post more especially the part about another year to be the man and lead a team. That will never happen again for most of thee guys which is why with NIL money it makes sense to come back.

But I thought the same about LQA so what do I know

Sure sounds like LQA‘s NIL would be less than the potential NFL earnings. A different story with Kyle.

 

[pokercuse08]

So I was renting a car today, and the kid at the Enterprise counter asked me if I was interested in his thoughts on Roth IRAs versus Traditional IRAs for a target retirement date of 2050. I said, "Kid, I just want to know if Kyle McCord is getting another year."

He said, "I'd bet $7,000 on it."

 

[GoSU96]

Quarterbacks need to have confidence, which Kyle has and I do not believe he is afraid of not making an NFL team. I think it is a business and career decision for him, not a decision based out of fear.

If he is drafted and signs a contract there is indeed guaranteed (bonus) money, but not as high as his projected NIL unless he is drafted by mid second round or so.

Numbers from 2024

• Third-rounders: The highest pick (No. 65) of the third round gets $5.7 million in total value and $1.2 million as a signing bonus. The lowest pick (No. 100) will earn close to $5.3 million in total value and then more than $857,000 in signing bonus.
• Fourth-rounders: Top pick (No. 101) will get close to $4.6 million. They’ll receive approximately $510,000 for a signing bonus. The last fourth-round selection will be handed $4.35 million and $509,000 in bonus cash.
• Fifth-rounders: The 136th selection can earn a $4.2 million deal with a $362,000 signing bonus. The final pick of the fifth (176th due to compensatory picks), earns close to $4.1 million and $245,000 in signing bonus.
• Sixth-rounders: Pick No. 177 can sign a deal in the $4.050 million range with a signing bonus of more than $218,000. The final pick of this round, No. 220, is given $3.97 million to start followed by a $133,000 bonus.
• Seventh-rounders: The first pick here (No. 221) starts with up to $3.95 million with a signing bonus of close to $117,000. The last pick, best known as “Mr. Irrelevant,” gets handed $3.9 million along with approximately $78,000 in bonus money.

NFL Rookie Salary (Updated 2024): How Much Do NFL Draft Picks Get Paid?

How much do NFL Draft picks get paid? Here is everything you need to know about rookie contracts.

www.profootballnetwork.com

And that’s why it isn’t an easy decision. 1. He will make more guaranteed money staying for one year and 2. His long term earnings will increase with a better draft position if he plays at a high level against tougher competition next season and shows he continues to improve. That’s the gamble.

 

[SmilinBob]

Here’s the thing:

When you take $ out of a tax-deferred annuity -
it’s no longer deferred.

And you can’t live off of it if you don’t ever draw on it.

Also -

Let’s say Kyle used kcsu financial wizards to plan for him.

And let’s say he doubled down on your 5% plan, and plopped $2 million into one.

(ignoring for the moment that he would have had to grossed nearly $4M, such that he’d net out the $2M to invest in your plan.)

So thats’s $100k / year in taxable (because he needs to live off of it) income.

And ten years from now (assuming he’s still able to get 5%) it’s still only $100k / year.

And 20 years from now.

And 30 years from now.

That’s what is called fixed income.

Given that inflation is a thing that very much exists, his real income will be decreasing each and every year that passes.

And he’s only 22 right now.

He's a college kid, all he needs is his beer and pizza paid for.

 

[721Comstock]

He's a college kid, all he needs is his beer and pizza paid for.

Money for nothing
and your chicks for free.