Cleveland Browns sign 7th round pick, C Dawson Deaton

@texasag1969 said:

https://awmcap.com/blog/nfl-retirement-plan

Google is your friend.

Ok...55 is the full retirement age.  I guess somebody could start drawing immediately if they want to settle for a paltry monthly total.  Drawing out way early is a pretty stupid decision.

@gumby73 said:

A 2017 second round pick, Pocic started 40 games over five years with the Seahawks, playing guard and center. (my hope to win the starting job)

A 2020 fifth-round Nick Harris started 2 games in 2 season's, with some knee injuries, only playing sparingly in 23 games.

A 2022 7th round drafted rookie in D.Deaton, brings some good game-tape tools to play in today's NFL.

It's becoming a combined OL Pass Pro graded league, to make the big OL dollars$ 

A.) QB D. Watson can give the Browns a more elusive passing game.

VS.

B.) The AFC division has some of the best DT personal playing in the NFL today..

 The Bengals below average OL did not take Joe Burrow to a SB.. Joe Burrow & solid defensive front 7, got the Bengals to a SB..

stay tuned... we still got starting holes at 2 of those 7..in most opinions

I think all 3 make the team...at least on paper.  

I really liked Pocic when he came out of LSU.  I think both Pocic and Deaton can play guard as well to back-up up in that role.

@dutch-oven said:

So it ends up being just under $70,000 after taxes?

Hookers and blow is the only appropriate answer, then. 

 I donno, maybe a highly recommended massage upon return from the Bahamas.??️

Hookers and blow is the only appropriate answer, then. 

@ballpeen said:

I agree.  I would say I doubt the pension starts  right away.  It probably starts at a somewhat normal retirement age.  Say 55.  I don't think it kicks in while you are working some post career job and start paying when you are 30 something.  I am sure it is funded through some insurance annuity fund just like you and I might elect to do...As for the posse..I am a posse of 1.  Maybe help Mom and Dad a little to start, then fully on the 2nd contract.  Brother and sisters, they are 2nd contract people.....friends...not but 1  that I would consider helping in any significant way.  The others...sorry, how about I buy lunch down at Applebee's for your birthday?

I am not cheap.  I am just cheap with whom I am not cheap with.

https://awmcap.com/blog/nfl-retirement-plan

Google is your friend.

A 2020 fifth-round Nick Harris started 2 games in 2 season's, with some knee injuries, only playing sparingly in 23 games.

A 2022 7th round drafted rookie in D.Deaton, brings some good game-tape tools to play in today's NFL.

It's becoming a combined OL Pass Pro graded league, to make the big OL dollars$ 

A.) QB D. Watson can give the Browns a more elusive passing game.

VS.

B.) The AFC division has some of the best DT personal playing in the NFL today..

 The Bengals below average OL did not take Joe Burrow to a SB.. Joe Burrow & solid defensive front 7, got the Bengals to a SB..

stay tuned... we still got starting holes at 2 of those 7..in most opinions

@sdbacker80 said:

I’d have a little fun “small time fun” at the Casino.  No high roller club.

The money starts to really come in when you reach 3 years in the league or get your second contract.   So really you need to curb stupid spending until that time and invest a lot of that 705k base salary.  And most certainly,  Resist the cousin or high school classmate reaching out to you for a loan or a business idea 

3 years in the league now gets you vested in the nfl pension program.  And Your average nfl pension is 46k per year.  So that will certainly supplement any side gig you have post career. 

I agree.  I would say I doubt the pension starts  right away.  It probably starts at a somewhat normal retirement age.  Say 55.  I don't think it kicks in while you are working some post career job and start paying when you are 30 something.  I am sure it is funded through some insurance annuity fund just like you and I might elect to do...As for the posse..I am a posse of 1.  Maybe help Mom and Dad a little to start, then fully on the 2nd contract.  Brother and sisters, they are 2nd contract people.....friends...not but 1  that I would consider helping in any significant way.  The others...sorry, how about I buy lunch down at Applebee's for your birthday?

I am not cheap.  I am just cheap with whom I am not cheap with.

@diehardbrownsfan1 said:

Hit Vegas.

Lost Wages, Nevada help keep the lights on.  

@mjp28 said:

Question  :  "IF"  you just got a $97,636 signing bonus and a $705,000 base salary....and I take it as IF you make the team, no guarantees here......what would  YOU do with it ?

Save it,  buy something that you need like a vehicle    -or-   just go out and blow it, live it up maybe hit the casino before the serious work starts ?

Hmmmm.

Hit Vegas.

Oh my answer, I was brought up as a very conservative,  frugal, careful spender and accouted for every dollar I earned....that lasted into my 20s when I bought my first house.  Boring huh, well it served me very well.

In this case however it would fall under my "windfall money" category big sum somewhat unexpected.  I have a save half (maybe more) and spend half.

SO put about $25k in a safe money account a going back home money DON'T touch.  Then get some dependable wheels   -and- if any is left a good weekend trip to Vegas plus eat at the buffets.

Many "rich" athletes do NOT do this and end up ace deuce, craps, busted within 5 years.

Easy, huh.  Yes it really is.... just do it !

@mjp28 said:

Question  :  "IF"  you just got a $97,636 signing bonus and a $705,000 base salary....and I take it as IF you make the team, no guarantees here......what would  YOU do with it ?

Save it,  buy something that you need like a vehicle    -or-   just go out and blow it, live it up maybe hit the casino before the serious work starts ?

Hmmmm.

I’d have a little fun “small time fun” at the Casino.  No high roller club.

The money starts to really come in when you reach 3 years in the league or get your second contract.   So really you need to curb stupid spending until that time and invest a lot of that 705k base salary.  And most certainly,  Resist the cousin or high school classmate reaching out to you for a loan or a business idea 

3 years in the league now gets you vested in the nfl pension program.  And Your average nfl pension is 46k per year.  So that will certainly supplement any side gig you have post career. 

@mjp28 said:

Question  :  "IF"  you just got a $97,636 signing bonus and a $705,000 base salary....and I take it as IF you make the team, no guarantees here......what would  YOU do with it ?

Save it,  buy something that you need like a vehicle    -or-   just go out and blow it, live it up maybe hit the casino before the serious work starts ?

Hmmmm.

The 97,000 turns in to a little under 70K after the tax.  Probably nothing much until I knew I was going to start collecting game checks.  If I really needed a car, maybe go buy a used vehicle for maybe 20K, but I'd really try to wait until I knew I made the team.  There is a big difference between a active check and a practice check.

Kenny Rogers once sang about never counting your money at the table.  I have always said never count your money until you have it.

Save it,  buy something that you need like a vehicle    -or-   just go out and blow it, live it up maybe hit the casino before the serious work starts ?

Hmmmm.