The Profitability of Poppin’ Bottles

photo: BBC.co.uk

The phrase “poppin’ (popping) bottles” is used whenever a man, woman, or group chooses to celebrate an occasion by opening bottles of champagne.  The sports world loves to display this term after a big game.  Most frequently people may see bottles popped after an NFL Super Bowl victory, an NBA championship victory, or an MLB World Series win.

Other sporting athletes, entertainers, and regular common class citizens pop bottles just the same.  There are some athletes who probably should only pop glasses of champagne instead of bottles.  According to Sports Illustrated, ex-NFL QB, Vince Young reportedly borrowed $300 thousand to throw a party for one night.  One-night ladies and gentleman…one night!  Now, it was also reported that Vince made $26 million in guaranteed money back in 2006 when he signed his contract playing with the Tennessee Titans.$26 million in guaranteed funds from 2006 to 2012 averages to $4 million per year.  How can one athlete go from having $4 million a year to borrowing $300k for a party?

photo: Smoking Section.uproxx

If this report is true, Vince should have reviewed his Opportunity Costs before borrowing a $300k loan.  Technically, with the Opportunity Costs Vince should have just taken a loan out for $300 instead of $300k.  With the $300, Vince could have bought some cake and ice cream with some ginger ale and punch, but he did not do that.
The opportunity costs of throwing a $300k party left Vince feeling good for one night and still with no money and no friends from the party to help him through his financial troubles.  Yet Vince’s highest priority at the time was to invest money he did not have into the party that meant nothing.  Absolutely nothing. 
If anything, Vince should have been “poppin’ bottles” with the likes of Warren Buffet and Bill Gates.  At least those guys could have given him some advice on how to invest the $300k he borrowed.  This is just another disappointing story in the life of a pro athlete.  No one feels sorry for these pro athletes, because Vince had the opportunity that few get.  The champagne that Vince and his so called friends popped and wasted was the same way he wasted his money.

In the end, the profitability of poppin’ bottles for Vince Young ends in debt.  What a shame, a poppin’ bottles shame.