Jump to content

Best contract in sports history?


tazinib1
 Share

Recommended Posts

Cool story, depending on the interest rate and what you would do with a lump sum, taking the money later may or may not be good. And if it is delayed several years first, you need a better return. Also do they still pay your estate if you're not alive (presume they do, but you need to make sure all that is addressed).

 

And what does Russell Wilson need to learn from this? Has he made poor contract decisions or been irresponsible with his money?

 

PS Can the mods change the title, to read contract

Link to comment
Share on other sites

Check out the st Louis spirits of the abl. When the nba merged with the abl, it was the last team to make a deal. The brothers who owned the team stopped getting checks only a few years ago after having gotten almost 260 million from the nba from 1976 to 2012

Edited by millworkguy
Link to comment
Share on other sites

http://www.cindrich.com/category/contracts/

 

Bill Fralic

November 5, 2014/in Contracts /by BaAdmin

Fralic

1985

2nd pick in the 1st round by the Atlanta Falcons

Highest paid offensive lineman with a contract higher than that of Bruce Smith (the 1st pick) and an annuity valued at a minimum of $6,000,000.

Every January 1st

As long as Bill Fralic wakes up, he earns $150,000, and will do so for the rest of his life. Fralic’s contract, that includes an annuity in addition to an outstanding signing bonus, was a widely copied and distributed contract. Utilizing intricate tax advice and employing what was then known as a Rabbi trust to assure payment, we were able to set up Bill Fralic for the rest of his life at the ripe “old” age of 22.

  • Like 1
Link to comment
Share on other sites

Cool story, depending on the interest rate and what you would do with a lump sum, taking the money later may or may not be good. And if it is delayed several years first, you need a better return. Also do they still pay your estate if you're not alive (presume they do, but you need to make sure all that is addressed).

 

And what does Russell Wilson need to learn from this? Has he made poor contract decisions or been irresponsible with his money?

 

PS Can the mods change the title, to read contract

 

 

One of the articles I read did the math where if Bonilla had taken the lump sum and invested it and got an average rate of 8% annually in return, he probably cost himself right around $10 million. Of course that assumes he would have been disciplined enough to do that.

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information