Comments on: Player borrows $500K at 23 percent interest http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/ ProFootballTalk on NBCSports.com Sat, 25 May 2013 00:17:37 +0000 hourly 1 http://wordpress.com/ By: deconjonesbitchslap http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1074045 Sun, 22 May 2011 02:50:24 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1074045 The government is also trying to find out if they can get this good of a deal on borrowed money

]]> By: bronco1st http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1073917 Sat, 21 May 2011 22:02:02 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1073917 Bull!!! Unnamed sources, unnamed player, unnamed lending company. My source said 3 of the owners are over 2 months behind on their stadium loans and another owner received his first default notice.

]]> By: commandercornpone http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1070797 Thu, 19 May 2011 00:32:33 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1070797 them’s credit card usury rates…

note to duh: IT’S OVER. GO THE NEGOTIATING TABLE AND SAY “YES, SIR” A LOT.

]]> By: southbeachtalent http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1070383 Wed, 18 May 2011 19:21:14 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1070383 I’m sure many athletes do this all the time regardless of lockout or not as in this instance the player hasn’t actually missed any pay checks. Regardless of profession and income most people in the U.S are in the same boat. (Credit Cards, Up side down mortgages etc..) So don’t throw rocks from your glass house people!

]]> By: thephantomstranger http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1070118 Wed, 18 May 2011 17:04:47 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1070118 “For the non-math majors in the crowd, that’s $115,000 per year in interest.”
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I’m not a math major, but I know that when you take out a loan, you make payments on that loan so the amount of interest you pay depends on the term of the loan. If you plan on paying off the whole $500K in one year, you would pay $64,458 in interest. If it’s a 10-year loan, you would average $78,129 a year in interest. Still a lot of money, but nowhere near $115K a year.

]]> By: mathsimillion http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069897 Wed, 18 May 2011 14:45:46 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069897 Its bad financial decisions from immature people like this that put our economy in the crapper to begin with. Not to mention the bad financial decisions of banks and credit card companies to allow these types of loans in the first place. Will people never learn how to live within their means?

]]> By: tjrubleysaudible http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069875 Wed, 18 May 2011 14:35:43 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069875 $500k
23% interest
?????
PROFIT!

]]> By: detroitfootsketball http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069857 Wed, 18 May 2011 14:26:20 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069857 why are nfl players so “dumb” most people live beyond there means why would they be any different just imagine being young and rich and a lot of your friends even richer if there dumb most of us are

]]> By: detroitfootsketball http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069829 Wed, 18 May 2011 14:14:07 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069829 why are nfl players so “dumb” most people live beyond there means why would they be different just imagine being young and rich and a lot of your friends even richer if there dumb must of us are

]]> By: flyinhighwithvick http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069817 Wed, 18 May 2011 14:11:54 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069817 Hey, when you have to buy ridiculous jewelry and a new Rolls Royce’s for all the homeboys in the neighborhood, it can get expensive.

]]> By: touchdownroddywhite http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069816 Wed, 18 May 2011 14:11:42 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069816 Please just shut down the season. I think the aftermath of player related bankruptcies and arrests might be almost as entertaining as football.

]]> By: prof1234 http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069639 Wed, 18 May 2011 13:08:29 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069639 @billsfan1

That wife you are leaving at home to make your BIG 60K a year is cheating on you and the kids arent really yours.

]]> By: govtminion http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069622 Wed, 18 May 2011 12:49:11 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069622 One thing we know: It can’t be Dez. Where would he spend that kind of money? He’s not allowed in malls, remember?

My bet? Ochocinco, having to pay off the bookie after the bull-riding fiasco didn’t go the way he wagered.

]]> By: tombrookshire http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069620 Wed, 18 May 2011 12:48:42 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069620 A half a mi to cover living expenses? I thought these guys had financial advisors to help keep them from financial ruin.

]]> By: phinheads http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069615 Wed, 18 May 2011 12:40:28 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069615 Cromarties kids needed lunch money

]]> By: steeelfann http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069614 Wed, 18 May 2011 12:39:42 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069614 What the……is Barney Frank his advisor?

]]> By: canetic http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069609 Wed, 18 May 2011 12:35:17 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069609 If any players are reading this, I’ve got plenty of money to loan at a mere 12% interest. That’s only 1% per month. Hit me up!

]]> By: pargolf47 http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069608 Wed, 18 May 2011 12:32:18 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069608 Let’s hope that athletes invest their money wisely and don’t fall ino the trap of paying exhorbitant amounts of their money to insurance agents like “Big Daddy” (or better “Fat Daddy”/”Sloppy Daddy”). Agents like this take advantage of the good fortunes of athletes to support their own extravagant lifestyles of dining (quite evident), entertainment and buying personal relationships. What a sham!

]]> By: donterrelli http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069606 Wed, 18 May 2011 12:25:51 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069606 My guess is someone HAD to get their mom or themselves an Escalade with dubs.

]]> By: mac3333 http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069604 Wed, 18 May 2011 12:20:31 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069604 That’s just dumb ….

]]> By: footballfan http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069603 Wed, 18 May 2011 12:18:40 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069603 contraryguy says: May 17, 2011 9:35 PM

“Moose, Rocco, help #27 find his checkbook.”

**********

Funny how a golf movie works even with football. Caddyshack is one of my all time favorites!

]]> By: Stupid Raiders Fan http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069592 Wed, 18 May 2011 11:51:44 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069592 “A fool and his money are soon partying”

- Steven Wright

]]> By: harleyrider1973 http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069591 Wed, 18 May 2011 11:50:53 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069591 these are some of the same people that want to tell the owners how to run a multi billion dollar business. It sad that some people are so dumb.

]]> By: chapnastier http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069585 Wed, 18 May 2011 11:35:55 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069585 Anyone citing an ESPN poll of any kind has lost all credibility. ESPN has been proven to, over the years, do all they can to get viewers. I would bet that would involve skewing a poll as well. If you read the comments on the labor articles they skew in a completely different direction. The bottom line is, if you are still Pro-player after the owners have made 2 proposals and the players haven’t countered once, then you are a stubborn mule.

]]> By: phinsfan66 http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069580 Wed, 18 May 2011 11:16:08 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069580 Gotta pay for that entourage, and for the car, and for the bling… Keeping up with all the others who have to show everybody how much money they got until they go bankrupt… Keep talking De Smith. I am sure the players will love you by the time this whole thing is done… Morons…

]]> By: alewatcher http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069579 Wed, 18 May 2011 11:13:29 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069579 “Player borrows $500K at 23 percent interest”

—————-

“Playa borrows $500K at 23 percent interest”.

There, I fixed the title for you.

]]> By: waynefontes http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069576 Wed, 18 May 2011 11:04:17 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069576 Should have hired Cam Newton’s dad to broker his deal, I’m sure he’d have gotten a much better rate.

]]> By: tommytd http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069572 Wed, 18 May 2011 10:14:24 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069572 Breaks my heart…

]]> By: voiceofrealism http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069570 Wed, 18 May 2011 10:07:35 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069570 …and the players want to be partners in the league. If the NFL is to succeed, the players need to be employees.

]]> By: jeff061 http://profootballtalk.nbcsports.com/2011/05/17/player-borrows-500k-at-23-percent-interest/#comment-1069564 Wed, 18 May 2011 08:49:30 +0000 http://profootballtalk.nbcsports.com/?p=131317#comment-1069564 This is why the overwhelming majority of fans are pro owners

Who would be stupid enough to put the future of this game in the hands of D smith and these idiot players!

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