Otto Graham's 1954 Contract

Tour2ma

Saw this on our reddit sub...

Orion

The grass needs mowing.

TopDawg31

Cool Post

PoeticG

22,500 for one year... what would that equate to in today's money? Doesn't sound like a lot for the best player the world has ever seen...

Ghoolie

The Browns were originally named the Cleveland Ottos. Then they changed it to Browns when they drafted Jim Browns.

PoeticG

Calculate the value of $1 in 1954

Inflation Calculator

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$1.00 in 1954 had the same buying power as $8.98 in 2017

Value of a dollar. Calculates inflation to see what a US dollar was worth in the past and today. View historical and today's current inflation rates, using the CPI provided by the United States government. Inflation data is updated regularly, so results may differ from other websites.

Equivalent of $1 in 1954

1955

$0.99

1956

$1.00

1957

$1.03

1958

$1.06

1959

$1.07

1960

$1.09

1961

$1.11

1962

$1.12

1963

$1.13

1964

$1.15

1965

$1.16

1966

$1.18

1967

$1.22

1968

$1.26

1969

$1.32

1970

$1.40

1971

$1.48

1972

$1.53

1973

$1.58

1974

$1.72

1975

$1.93

1976

$2.06

1977

$2.16

1978

$2.31

1979

$2.52

1980

$2.85

1981

$3.21

1982

$3.49

1983

$3.63

1984

$3.77

1985

$3.91

1986

$4.06

1987

$4.11

1988

$4.29

1989

$4.48

1990

$4.69

1991

$4.97

1992

$5.13

1993

$5.28

1994

$5.42

1995

$5.57

1996

$5.71

1997

$5.90

1998

$6.00

1999

$6.09

2000

$6.26

2001

$6.47

2002

$6.57

2003

$6.72

2004

$6.85

2005

$7.07

2006

$7.32

2007

$7.50

2008

$7.81

2009

$7.82

2010

$8.03

2011

$8.15

2012

$8.39

2013

$8.54

2014

$8.66

2015

$8.73

2016

$8.79

2017

$8.98

So if I'm reading this right it would be $22,500 X 8.98= $202,050.

DieHardBrownsFan

@poeticg said:
22,500 for one year... what would that equate to in today's money? Doesn't sound like a lot for the best player the world has ever seen...

That was a shit load of money in 1954.

Ghoolie

Do you think Otto was a homo?

PoeticG

Why would you say that. Otto G was yesterday's Tom Brady. I've got nothing but RESPECT for THAT MAN.

ballpeen

The average wage in 1954 was $3100 per year, so he was doing pretty good for the times. Especially considering it a half year job. Those guys did other things in the off season, and probably got paid better than the average Joe by selling cars, or pimping beer, or whatever.

hoorta

@ballpeen said:
The average wage in 1954 was $3100 per year, so he was doing pretty good for the times. Especially considering it a half year job. Those guys did other things in the off season, and probably got paid better than the average Joe by selling cars, or pimping beer, or whatever.

One of the guys from our wine club played for the Redskins in 1954. (don't know if he was a starter or not, Marvin was very low key about it) He made $4,000. To give you an idea of inflation- in 1950 you could buy a 4 bedroom house on Long Island for $12,500. A decent car was around $1,000.

Early 60s Jim Brown was the first NFL player to crack the $100,000 barrier. Left for Hollywood, because movie stars were making more than that at the time.

Ghoolie

@poeticg said:
Why would you say that. Otto G was yesterday's Tom Brady. I've got nothing but RESPECT for THAT MAN.

Dude, take a chill pill. He's dead. Yesterday's news.