NFL Athletes Can Learn Some Financial Decisions By Watching Floyd Mayweather

photo: Star Pulse.com

Not all, but a large number of NFL athletes need to take a page from other professional athletes like a guy named Floyd “Money” Mayweather. According to Forbes.com, Money Mayweather is worth $34 million as of June 2013.

Some of you may say, “some NFL players get that contract in a four or five year deal”. This is true, but how many of them have invested the money or simply saved some of it?

Mayweather just won his latest fight on September 14, 2013, against Saul “Canelo” Alvarez. Prior to the fight, Mayweather positioned himself to earn a minimum of $40 million for this fight alone. According to a Forbes.com article by Kurt Badenhausen, the Mayweather vs. Alvarez fight “… generated a record $150 million in pay-per-view revenue on 2.2 million buys “

 It is rumored that Mayweather could make up to or over $100 million after all of the pay-per-view receipts are counted. Based on Sports Grid.com, a photo of Floyd Mayweather’s fight check displays the eight figure winnings of $40 million. Whether this photo is real or not we know Mayweather was paid handsomely and has been smart about each business decision

photo: Sports Grid.com

he made. Yes, financial business decisions.

Yes, many people wanted to see Paqcuiao and Mayweather, but unless Pacquiao took an Olympic style drug test, Mayweather was not going to lose a fight and possible future earnings. According to the Huffington Post.com, Pacquiao missed out on a possible $100 million fight. Just one of the biggest fights of his life for $100 million! Manny could have taken any drug test on the market. He could have taken the Olympic drug test, the MLB drug test, or the drug test from the local grocery store pharmacy. Anything to make the financial business decision to gain an extra $100 million for a few rounds. Incredible!

How much did Manny get for getting knocked out by Juan Manuel Marquez in December 2012????  Manny received $25 million guaranteed for the loss, according to SB Nation.com. Manny could have easily gotten knocked out the same way by fighting Mayweather for $100 million. Just the reverse, Manny also could have beaten Floyd to set up Pacquiao vs. Mayweather II for even more than $100 million. Don’t get me wrong, $25 million is beautiful money, but life is all about choices. Even though Mayweather’s opponent in Canelo Alvarez may not have been as popular, Mayweather still managed to maneuver $40 million

photo: Forbes.com

guaranteed with the possibility of $100 million plus.

Many NFL players make sure to receive as much as they can from the signing bonus for the guaranteed money. What more NFL athletes need to do is build incentive built contracts. This allows NFL athletes to reach a certain dollar figure if they reach a certain level on the field or statistically. Many players have done this, but many more need to do this. Then, more need to invest what they have earned. 

The key in life is to leverage yourself in a financial position so you and your family can be taken care of. Again, many fans will be upset with Mayweather for not fighting Manny Pacquiao, but Floyd will live just fine in his own skin.

Note to NFL athletes…make smarter decisions with your own investments. Please!!!