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Sam Bradford prepares to pocket his millions

NFL_bradford.jpgUnlike many first overall draft picks, Rams quarterback Sam Bradford did not agree to terms before being selected in April.  But he’s making plans for the large pile of money he’ll soon receive.

Per the Oklahoman, Bradford receives at least one pitch per week regarding investment opportunities in the range of $100,000 or more.  But he’s being careful, relying on a financial adviser and Bradford’s father, Kent, an expert in the insurance industry.

“I expect those things will come, but I’m
very fortunate that my dad is still a major part of my life and he
really handles most of this stuff for me,” Bradford told the Oklahoman.  “If anyone
comes, they’re going to talk to him.  He’s going to have to see a
business proposal.  He’s going to have to see a lot of things before
we’ll even consider making an investment.”

Bradford explained that the Rookie Symposium included information regarding money, with the first-year players participating in a football-style game based on answering financial questions. 

The overriding message?  Pay your bills.

When he signs with the Rams, Bradford will be able to pay his bills, and then some.  He’ll be receiving upwards of $50 million guaranteed.  After taxes and agent fees, he’s looking at $25 million liquid, or more.  The most conservative approach will be to put it all in low-yield, no-risk investments.  The best approach likely will be to diversify, with different levels of risk and, in turn, different levels of potential reward.

Either way, it sounds as if Bradford already realizes the importance of being careful with his cash, something that quarterbacks like Mike Vick and Mark Brunell weren’t.

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22 Responses to “Sam Bradford prepares to pocket his millions”
  1. judge wapner says: Jun 30, 2010 9:52 PM

    do we have a timeframe to get him into camp?
    Will the Rams have some concessions or insurance policies for that UNTESTED shoulder?

  2. SethGecko says: Jun 30, 2010 9:52 PM

    Mike Vick invested his money Florio, unfortunately for him he just happened to invest his money in Dog Fighting, high risk with very little reward, and its a felony. Bad business plan.

  3. darrius_heyward-bey-butterfingers says: Jun 30, 2010 10:14 PM

    I dunno, given our current economic situation, maybe the players know best when it comes to investing. BUY GOLD!!! Chris Johnson’s teeth are going to appreciate quite nicely once the hyper-inflation happens.

  4. Boomgoesthedynamite says: Jun 30, 2010 10:36 PM

    you gotta diversify yo bonds son
    Wu Tang Financial

  5. deymond says: Jun 30, 2010 10:36 PM

    I can’t imagine what a “football-style” quiz game consists of, unless a couple of 350-pound dudes body slam you for each wrong answer.

  6. 41 Bottles of Coors Light says: Jun 30, 2010 10:40 PM

    Listen to the wise words of Wu-Tang Financial:
    “Yo need to diversify yo’ bonds”

  7. Otto Graham says: Jun 30, 2010 10:42 PM

    Hes a turd

  8. jibfest says: Jun 30, 2010 11:07 PM

    “The most conservative approach will be to put it all in low-yield, no-risk investments”
    –The most conservative approach is the best with $25 million. Bradford, don’t let these financial people come to you saying they can make you money, they are thieves. I worked in Financials, dirty, dirty, dirty business. Im stating the obvious of course. Dude has $25 million at a minimum, live off that.

  9. jibfest says: Jun 30, 2010 11:08 PM

    “The most conservative approach will be to put it all in low-yield, no-risk investments”
    –The most conservative approach is the best with $25 million. Bradford, don’t let these financial people come to you saying they can make you money, they are thieves. I worked in Financials, dirty, dirty, dirty business. Im stating the obvious of course. Dude has $25 million at a minimum, live off that.

  10. JJ Nukes says: Jun 30, 2010 11:23 PM

    Florio,
    I would say to stick to what you know and cover sports, and not investment strategies, but you seem to know more about the later.
    I think you should call the Wall Street Journal for a new gig.

  11. robert ethen says: Jul 1, 2010 1:44 AM

    Sam seems like a nice kid, so I’ll pass on my personalized offer from the former Vice President of Nigeria. Or someone close to him at least.
    Sorry I can’t divulge any more information at this time guys, but we don’t want to create a stampede….

  12. bcb171 says: Jul 1, 2010 4:01 AM

    Your second to last paragraph is hil-freakin-larious This is coming from a finance guy Mike, the advice is do not try to be something you are obviously so far away from that you sound like an utter fool. First there is no such thing as no risk investments. Second hes 23? dumbie even moderate risk at his age is very unlikely to hurt him in the long run. As long as he isnt an idiot putting all his money into risky real estate ventures he will be fine. My God dude you talk and sound like you are a broke man with no experience in these things.

  13. sacdaddy says: Jul 1, 2010 8:13 AM

    Junk bonds and penny stocks Florio

  14. theycallme_iPod says: Jul 1, 2010 9:00 AM

    Or, you just carry that big bag of money to a Swiss bank. Safer than every investment deal.
    But don’t forget to deliver your taxes, Sammie Boy!

  15. burntorangehorn says: Jul 1, 2010 9:05 AM

    One word: plastics.

  16. tom coughlin's coat holder says: Jul 1, 2010 9:29 AM

    bet it all on goldman sachs.

  17. rockotica says: Jul 1, 2010 9:30 AM

    VanDeLay Industries has an A+ rating by Moody’s.

  18. The Real Shuxion says: Jul 1, 2010 9:51 AM

    Go onto bodog.net and place a 13 million dollar bet that once the Bush tax cuts are not continued in 2011 the economy will suck even more.

  19. Ray Guy says: Jul 1, 2010 10:32 AM

    “# burntorangehorn says: July 1, 2010 9:05 AM
    One word: plastics.”
    _____________________________________
    Classic! But probably the most prophetic line ever used in a movie.

  20. texasPHINSfan says: Jul 1, 2010 1:09 PM

    “The most conservative approach will be to put it all in low-yield, no-risk investments. The best approach likely will be to diversify, with different levels of risk and, in turn, different levels of potential reward.”
    That’s probably the smartest thing you’ve ever posted on this site, Florio. :thumbup:

  21. jibfest says: Jul 1, 2010 9:01 PM

    I would’t trust anything Moodys, Standard and Poors or any of them. They stamped A++ all over the mortages loans and look how that turned out. Complete scheme by a bunch of people. Those companies need to be investigated.

  22. jibfest says: Jul 1, 2010 9:02 PM

    I would’t trust anything Moodys, Standard and Poors or any of them. They stamped A++ all over the mortages loans and look how that turned out. Complete scheme by a bunch of people. Those companies need to be investigated.

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