Joe Haden says most people have no idea how quickly an NFL contract disappears once taxes and family expenses hit.
“I signed a five-year, $50 million contract.”
“I had about $26.6 million guaranteed.”
“My first year, I got a $12 million signing bonus.”
“After taxes, I only touched around $7 million.”
“The first thing I did was give my parents $3 million.”
“Then I bought them a $1 million house.”
“So right away, about $5 million was gone.”
“I bought my brothers cars.”
“I bought myself a penthouse.”
“I got a Range Rover Sport and a Bentley GT.”
“People hear $50 million and think you’ve got $50 million sitting in the bank.”
“That’s not how it works.”
“You look up after all that and realize you might only have around $1 million left.”
“You start understanding real quick that a $50 million contract is not actually $50 million.”
“That’s why so many guys go broke.”
Imagine thinking you are going to “test me” in our marriage. 😂 instead of having a convo about how they can improve their sex life or intimacy he suggests getting a side chick instead. He would never have to worry about me again. ✌🏽
Happy she was able to do this for her siblings. Children shouldn’t have to bear the weight of their parents poor decisions. 💕 I pray she’s overly blessed.