Teddy Bridgewater Buys Mom Pink Escalade | Syracusefan.com

Teddy Bridgewater Buys Mom Pink Escalade

syr02esq said:
I think it's a great story that Teddy was able to buy his mom, a cancer survivor, the vehicle of her dreams. My only question is ... where did he get the money to buy it? How many ex-college kids can fork over $70K for an SUV? I'm 37 and have been working for over 10 years and still can't afford this!http://sports.yahoo.com/blogs/nfl-s...g-mom-a-pink-cadillac-escalade-170838169.html
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i dont understand??

how do you not know where he got the $$???

you do realize the NFL draft is in 48hrs...yes???

and at worst, he goes 2nd round.
 
Yes, I understand that the draft is on Thursday and it is very likely he will be drafted BUT he has yet to be drafted. Anything can happen from now until then AND it is very possible, although unlikely, that he won't be drafted. That said, I don't think any prudent loan officer would allow an individual to borrow based on expectations of what may happen employment-wise. Just doesn't make sense to me.

I think it's more probable that other non-loan officers fronted Teddy the money. Who are these people? His agent? Boosters? Friends in the NFL? That makes me wonder.
 
syr02esq said:
Yes, I understand that the draft is on Thursday and it is very likely he will be drafted BUT he has yet to be drafted. Anything can happen from now until then AND it is very possible, although unlikely, that he won't be drafted. That said, I don't think any prudent loan officer would allow an individual to borrow based on expectations of what may happen employment-wise. Just doesn't make sense to me. I think it's more probable that other non-loan officers fronted Teddy the money. Who are these people? His agent? Boosters? Friends in the NFL? That makes me wonder.
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There's nothing improper -- unless I'm missing something -- with an agent saying, "Sign with me and I'll front you $200K until your first paycheck."
 
I think it's more probable that other non-loan officers fronted Teddy the money. Who are these people? His agent? Boosters? Friends in the NFL? That makes me wonder.

Help me out here again.

What are u wondering??
 
Todd Gack said:
There's nothing improper -- unless I'm missing something -- with an agent saying, "Sign with me and I'll front you $200K until your first paycheck."
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BINGO.

I recall Will Allen driving a Mercedes S600 and Dwight Freeney an Escalade up and down south campus spring semester of their final year on campus. I always imagined they were fronted or bought as gifts by the agents they signed with.
 
KaiserUEO said:
I think it's more probable that other non-loan officers fronted Teddy the money. Who are these people? His agent? Boosters? Friends in the NFL? That makes me wonder.

Help me out here again.

What are u wondering??
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Call me naive but it just strikes me the wrong way with seeing these students making these types of purchases prior to them taking one snap in the NFL. Whether they are loaned the money, or are "fronted" the money or gifted, it just doesn't sit right with me.

But as orangeinjersey pointed out, this seems to always have been the case.
 
syr02esq said:
Yes, I understand that the draft is on Thursday and it is very likely he will be drafted BUT he has yet to be drafted. Anything can happen from now until then AND it is very possible, although unlikely, that he won't be drafted. That said, I don't think any prudent loan officer would allow an individual to borrow based on expectations of what may happen employment-wise. Just doesn't make sense to me.

I think it's more probable that other non-loan officers fronted Teddy the money. Who are these people? His agent? Boosters? Friends in the NFL? That makes me wonder.
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They don't need to do the loan right now. I've been allowed the" testing of a vehicle" several times overt a weekend or couple of days.

Also, his agent probably floated him some cash.
 
syr02esq said:
Call me naive but it just strikes me the wrong way with seeing these students making these types of purchases prior to them taking one snap in the NFL. Whether they are loaned the money, or are "fronted" the money or gifted, it just doesn't sit right with me.

But as orangeinjersey pointed out, this seems to always have been the case.
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Hey I'm the naive one, all this time I thought your handle meant u graduated SU Law in 02.

:noidea:
 
image.jpg

Tricked out with boom boxes too. Sweet!
 
KaiserUEO said:
Hey I'm the naive one, all this time I thought your handle meant u graduated SU Law in 02. :noidea:
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I'm not sure what you mean by this comment. Care to clarify Kaiser?
 
It's mind blowing to me that anyone questions how he managed to buy this car. In addition to the multimillion dollar contract he's about to sign, I think it's safe to assume he's already inked an endorsement deal or two.

Money is no longer an issue for this kid.
 
syr02esq said:
Call me naive but it just strikes me the wrong way with seeing these students making these types of purchases prior to them taking one snap in the NFL. Whether they are loaned the money, or are "fronted" the money or gifted, it just doesn't sit right with me.

But as orangeinjersey pointed out, this seems to always have been the case.
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So is something wrong with a non athlete taking out a loan and buying a house? Because he's an athlete he can't buy his mom a car?

Far poorer people are given financing for things they can't afford every day but you're angry an athlete about to make millions of dollars and can afford it is going to buy something for his mom?
 
syr02esq said:
Yes, I understand that the draft is on Thursday and it is very likely he will be drafted BUT he has yet to be drafted. Anything can happen from now until then AND it is very possible, although unlikely, that he won't be drafted. That said, I don't think any prudent loan officer would allow an individual to borrow based on expectations of what may happen employment-wise. Just doesn't make sense to me.

I think it's more probable that other non-loan officers fronted Teddy the money. Who are these people? His agent? Boosters? Friends in the NFL? That makes me wonder.
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Any prudent bank president would do anything to secure a long-term relationship with a guy who could potentially be worth a $100M+. What's the loss on a car loan that you can repossess if the guy doesn't get drafted (the odds of which are slim to none)? If I'm a shareholder of that bank I sure as heck hope they are taking that kind of 'risk'. That said it may be the agent doing it, who knows and who cares - the kids going to be rich, good for him
 
bnoro said:
So is something wrong with a non athlete taking out a loan and buying a house? Because he's an athlete he can't buy his mom a car?

Far poorer people are given financing for things they can't afford every day but you're angry an athlete about to make millions of dollars and can afford it is going to buy something for his mom?
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Who is angry Bnoro?
 
cuseinchina said:
Any prudent bank president would do anything to secure a long-term relationship with a guy who could potentially be worth a $100M+. What's the loss on a car loan that you can repossess if the guy doesn't get drafted (the odds of which are slim to none)? If I'm a shareholder of that bank I sure as heck hope they are taking that kind of 'risk'. That said it may be the agent doing it, who knows and who cares - the kids going to be rich, good for him
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I understand what you are saying. I actually talked to a few friends of mine in the banking business. One in particular is the CEO of a regional bank in Texas. His viewpoint was that because there is no contract yet signed and no matter how much potential the athlete has to be drafted, you still do not take the risk to make this kind of unsecured loan. Why? Because in the slim chance the athlete doesn't get drafted then you have to re-possess the auto and foreclose on the loan and obtain a deficit judgment on the athlete. Most importantly, EVERY person in the business will know what kind of loan you just did and your reputation is going to take a huge hit which in the banking business, you cannot afford. In short, he says you CAN do it but realistically, a prudent manager WOULD NOT do it. I spoke to a few other execs at other banks who relayed similar thoughts.

Makes me think that the money did not come from the bank, possibly the agent or other third person.
 
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