Players aren’t the only greedy ones.

Like their owner.

Like their fans.

For all of you who are piling on at what is probably his lowest moment of life should really look at yourselves. He may be financially bankcrupt but you all are morally bancrupt. People all over our country have lost homes and money doing things that were completely selfish. Charlie lost while trying to help people…there is a difference. I for one hope that Charlie is able to recover from this….He’s a great man!

Real estate took a beating and there have been casualties. I am a real estate investor and the past few years have been extremely challenging. When people and businesses fail, they can’t pay rents. Rents are what pays mortgages for investors.

For all of you who think Charlie is stupid – why don’t you try to do what he did. My guess is that most of you wouldn’t have the first idea – why don’t you just save your money, live your paycheck to paycheck, and just criticize others who have the drive to create jobs for you.

I’m sure Charlie wishes he had done things different, but at least he was willing to go out on a limb and try.

Batch and Brunell don’t strike me as smart people, rather they strike me as people of inferior intellect. But I’m using myself as a baseline, and I am a smart person. Those guys are not, period.
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seriously?you say you are a smart person?based on what,lol

i love how people pat themselves on the back like that,shows how pathetic they are

Good luck, Charlie. Figure out a way to keep them from taking the rings.

That is all.

But I’m using myself as a baseline, and I am a smart person.
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Humble much?!? 100% of people think their good drivers too, but I’m pretty sure their not all good drivers LOL!!!

By the way was I assume that $13 million signing bonus was a Matt Millen deal-another idiot.

#1. Players don’t get $13 million when they sign; remember taxes. And I’m not talking the 15% capital gains tax that rich investors & the Owners pay, but instead what us normal working stiffs pay and a little bit more (around 36 to 40% according to when they got it). Then you have state tax (another 5-10%).

Now it is down to $7.5 million and then a percentage of that is taken by the Agent. So now that they have less than half.

What happened is many of these players invested their money or created businesses under their names. These businesses aren’t corporations with stocks, but instead LLC’s or basic one owner businesses. So if these businesses lose money, they aren’t like the CEO’s who walk away with millions and a golden parachute, instead they are liable out of their own pockets. So if your business messes up badly and ends up owing more than it is worth you have to sell your house to pay. (The CEO just watch’s the company burn from his house).

An example is the late Dave Duerson who’s business went under because of a third party vendor. He took that vendor to court and won a huge settlement but they went bankrupt before he could collect. So he ended up financially ruined for no fault of his own.

Now I would never get $7 million and go broke, but unlike you or I neither is Mr. Batch. He may have to give back certain things, but a large amount of his assets are protected under bankruptcy. This way he removes his debts while still living much better than you or I could ever imagine.

And like someone else stated, how many times has the Donald filed for bankruptcy? It is a part of business.

Could Batch not live off the interest that he would receive off of $13 million?

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No he couldn’t – if he invested in corporate bonds at, say 4%, that would only net his $520,000 per year.

And, seriously, how is ANYONE supposed to live on that kind of money on an annual basis?

If I already had several million dollars, what would I do? Sink it all into some get rich quick real estate boondoggle, or a chain of restaurants that people will stop caring about within a year or two? Or would I invest some of it in something more sensible and long term?

Or would I buy a gold plated Bentley, drive down to the dog track and put it all on a dog named Lucky? Yeah, that’s what I’d do.

these are the same morons that will then turn around and piss-and-moan because the rich people are holding all their money and won’t start businesses or hire people.

Even just 1% (a super low risk investment) of 13MIL is 130,000 a yr!!!! So, yes, he could’ve EASILY lived off of that 13MIL FOREVER!!!

STUPID FOOL!!

Super Bowl XL: Take one finger out of your nose.
Super Bowl XLIII: Take another finger out of your behind.

Now count the sticky finger and brown finger.

one….. two…

You can live very well without going broke.
If you can’t figure it out yourself, they have these people you can hire called financial advisors.