It's no secret: I am a big fan of ESPN.com. Head to their website and you'll see the big story of the hour, plus 10 or so headlines on the side. You can catch up on a lot of important news in not a lot of time. But scroll on down and you'll find a whole lot more. Sometimes they'll have some app or game to play. Some are enjoyable, but I really have to question the one I found this morning.
It's called "Salary Crunch." It takes a specific professional athlete and looks at his salary and statistics. It has you enter your annual salary, and then it uses the stats to compare.
Example: I selected Josh Beckett, a pitcher for the Red Sox, who signed a 4-year $68 million deal the other day. Since I actually make about negative $40,000 a year, I decided to make up a salary to enter. I plugged in $50,000. The following came up:
"Josh Beckett makes $50,000 after the following:
.09 games
.05 wins
.59 strikeouts
.62 innings pitched
You will need to work 340 years to make Josh Beckett's annual salary."
Thanks ESPN. I can't tell you how many times I wish I had this precise information. If you're ever in need of a morale boost in the morning, then bookmark this site for sure!
The salaries of professional athletes can be an interesting point of discussion. A lot of people think they are ridiculously overpaid, others think that if they have that much talent and put fans in the seats, they earn it. Personally, I don't have a problem with stars making millions. What I DO have a problem with is stars blowing millions, and then millions more that they DON'T HAVE. We've seen the headlines. Michael Vick. Mike Tyson. How these guys end up more than $25 MILLION in debt is beyond me.
A word to the wise: If you are a professional athlete, make millions of dollars, and don't want to blow it, I've got two words for you - Orlando Financial. Orlando Financial offers money management services exclusively to professional athletes who have the urge to make ridiculous purchases, supply capital for ludicrous business propositions, or really just make stupid financial decisions.
Orlando Financial customizes a personal savings plan for your individual needs, but the basic tenants of each plan are as follows:
-$300,000 will be kept in a mattress in your office at all times. Don't have a mattress in your office? Buy a mattress. Then put it in your office. Don't have an office? Buy some office space.
-40% of all signing bonuses go straight to the bank. No exceptions.
-Investments? Liquidate them. We don't mess with the stock market. "But doesn't that mean I won't make millions more?" Yes, that is true. But you won't lose millions, and you already have millions. Stop complaining.
If you don't want to end up filing for Bankruptcy, call Orlando Financial at 1-800-WHERE-IS-ORLANDO for a free consultation today. 25 minutes could keep you from $25 million of debt.
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