Joe Gibbs Gives Wealth of Knowledge to Current Redskins Players
by Kevin Ewoldt on Jun 24, 2010 11:30 AM EDT
in Redskins News
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After hearing all the great stories of the Redskins Alumni returning to Ashburn last week, it was equally moving to hear Joe Gibbs was back at Redskins Park. It's for a reason you'd never guess though. Not for coaching, or consulting, or calling back-to-back timeouts, but to launch a new education program that is LONG OVERDUE in the NFL - educating NFL athletes the basics on investing, terminology, and common pitfalls. He explained his new venture on 106.7 THE FAN's Mike Wise show yesterday:
Joe Gibbs: We got in a relationship with Strayer because we were working with our other sponsors. Strayer University is an online school. Nine states in the Southeast...I'm looking at this and I'm thinking, ‘This would fit perfectly with the NFL.' For this reason, I've been sitting in my office many times when players come to me at different times talking about contracts and eventually it would come out that they've made bad financial decisions. Of course, I'm a perfect example as I mention in my book not knowing my liabilities issues I got into a simple partnership.
I saw it a lot. It's not good for the teams because the player is upset and concentrating on something else - not football. I said, ‘Gosh, wouldn't this be great if we could create a business seminar for young guys.' We worked with Strayer that it'd be a pilot study and we'd do it for nothing. So, for the players, we said we're not asking you anything. The Redskins are not any part of this other than letting us use a room. Mike [Shanahan] and Dan [Snyder] were great. They thought it was a great idea. So, it was a gift back to them. We probably had 18-20 guys and some of their wives. I thought it was something I could do to give back to the Redskins organization. We'll probably take it to the League in some way. It was over nine days. It fit right into their schedule. Three 3-hour sessions. The professors were great. They took questions. There was a lot of interest in it.
Mike Wise chimed in with the staggering stat from his producer, Chris Johnson, that 78% of NFL players are bankrupt 3 years out of the league.
Gibbs: It happens because I was a Physical Education major. I didn't take business. I got into a simple partnership, and I didn't realize that I didn't have to be there when the partnership signed papers. When the partnership signed papers, I was liable. If I had just formed a LLC and protected myself some way, then I wouldn't have gone through all that. It happens to young guys in the league. I'm a perfect example.
Mike Wise: "And it's not just young guys. London Fletcher who probably hasn't made a bad decision in his life was in there. Phillip Daniels was there was his wife. Kedric Golston with his wife. Have you seen situations where players came in with money problems that affected their play on the field?"
Gibbs: I definitely saw that. I had times where players came in and told me they were upset with their contract and wanted to renogtiate. Of course, I'm not the person they do that with, but they were voicing being upset. As more questions came, I asked if they were in financial problems, and they'd say, "Yea, I made a bad investment." Of course that carries over in their relationship with their contracts. Picture yourself, would it affect your job?
[Regarding the 3-day seminar] It wasn't anything about investments. Where to invest. This was a gift of knowledge in the financial world.
How ironic is it that this story comes out right as Haynesworth is being sued by four (known) people including two bad investments? Either way, it really is moving to see the Redskins alumni be there for the current players. Hall of Famers talking to youngsters, and now Hall of Fame coaches giving tips on how to avoid the pitfalls of bad investments.
Another great day for this Redskins franchise and honestly, one that makes me proud to be a Redskins fan.
Also, am I the only one who didn't know there is a Joe Gibbs who plays OL for the Rams?
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Education
It has always shocked me that players don’t take at least one or two business classes in college. They know that contracts and investments will be a big part of their lives once drafted.
I put the blame for this on the school, btw, and not the players. The school should be trying to, you know, educate the players while there.
by Hustler of Culture on Jun 24, 2010 12:00 PM EDT reply actions
I wouldn't blame the school
By the time they are leaving for the NFL, college players are generally at or close to 21 years old (Amobi Okoye being an obvious exception). At that age, you’re right, they should realize that having a functional working knowledge of contracts and investments is in their best interests. Do the schools restrict them from taking those classes? Schools can mandate taking the classes, but college players who are uninterested in those topics enough not to enroll on their own will treat those classes like every other class they don’t care about and not learn anything anyway. Like chemistry. Chemistry sucks.
Haynesworthless
I guess my point is that the responsibility is more on the players than the schools.
Haynesworthless
Players bear some responsibility
but so do the coaches, colleges, ADs and everyone else who creates the entire culture.
Being a D1 player basically requires almost every waking moment. They intentionally make having the time to actually get a degree quite difficult.
To me the obvious solution is to not make the kids study while playing, and always eligible to come back for their degree after their playing career.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Agree
At some point everyone needs to grow up and accept responsibility. I’m not saying time constraints don’t exist for “student-athletes,” but learning how to manage time and money is all about growing up. Unfortunately, these guys are learning the hard way. It seems to me they usually get extensive counseling anyways; why not include practical economics as well.
Time flies like an arrow. Fruit flies like a banana.
What makes you say that?
It seems to me they usually get extensive counseling anyways;
"By far the worst performers on the team are in the front office." – Sally Jenkins
It is my understanding that many D1 programs
provide extensive counseling for their premier athletic programs so they can maintain graduation rates and overall GPAs within NCAA guidelines. In fact some programs got into trouble because the counseling basically turned into cheating. Might be wrong, but don’t think so.
Time flies like an arrow. Fruit flies like a banana.
Hmm.
I might be being cynical (shocker) but mostly those graduation rates/classes/grades are all b.s.
I don’t think these guys get personal, life or financial counseling. I think at most they get a guy who can help them do the minimal to not fail Phys Ed 101.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Yours is the
Diploma is Half Full version of the reality behind “Student Athletes.” I can see it that way, too.
Time flies like an arrow. Fruit flies like a banana.
Alumni day
I saw Steinberg mentioned in the Bog that Vinny was at the alumni event. How did that happen?
For-profit universities like Strayer are a scam and should be banned.
I’m sad to see Joe promoting them.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Strayer
I’m no big expert on Strayer, but I think they are totally legitimate. My son is going to start with them. They may not be quite as good as a top business school, but they’re close enough for most guys just trying to learn something. The various classes seemed similar to what I took for my MBA. They don’t teach basic common sense things like not spending more money than you have, and a lot of the courses are high level stuff most won’t use (“if I was CFO of IBM and they needed cash, would I borrow or issue stock?”), but you learn a lot about how the world works. Paying the way for school, though, wouldn’t save the players. A basic group of mutual funds, like with most 401Ks, would be best. That would insure that most of their money would be safe.
I didn't mean to question their academic level.
Just meant to say that they get up to really shady financial shenanigans.
Congress is actually holding hearings on it today.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Interesting...
I was trying to access a job search web site a few years back. To do so, you had to register. Turns out that Strayer and another school whose name I don’t remember where on the phone to me within 5 minutes bugging me about what field I was trying to go into and what classes they offered in that regards. Both schools came at me hard and would email me and call me at least once a week for several months before I finally convinced them I was looking for a job, not another degree.
Could this be related to the Congressional Inquiry?
Time flies like an arrow. Fruit flies like a banana.
There are no business classes
that teach you how to be conservative with your money. There are no business classes that teach you to buy a house with a mortgage that cost no more than about 25% of your monthly income that you will have for the life of the mortgage. There are no business classes that teach you that a brand new car is not an investment and instead is just the opposite. The second you drive it off the lot it depreciates anywhere from 5 to 10% and just keeps going down from there.
There are no business classes that teach them that they can’t buy everything they want even with their much higher than average salaries. It all comes down to keeping up with the jones’s. He has that so I need this. My friend has a benz so I need one. These players that build these 15k square foot houses crack me up, it costs a small fortune to keep them maintained. Its not really a wonder at all why most of these guys go banktrupt.
Ultimately most of these players, about 78% to be exact, can’t see past the next month when it comes to spending money. They want it all, want it now and nothing is going to get in the way.
Business Schmisness, I own a bunch of houses that I rent out and no business class ever taught me how to run them properly. I bought them all on my own and barely any of that knowledge has come from any of the business classes that I took. Not to be to political but many college classes are far left liberal bologna, and a big waste of money.
Want a real education?…..learn from a few guys out their like a Dave Ramsey or Limbaughs school of conservatism. You’ll learn far more about real life and reality than you ever will from any liberal arts classes.
This kind of partisan generalization is worthless
Not to be to political but many college classes are far left liberal bologna,
I was with you until you injected politics into it.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Worthless to you but very valuable to me.
Politics are being injected by teachers and professors not me, I’m just stating the very very obvious! It’s not in all cases but in general it is becoming more and more the normal. I talk to many students who don’t even quite understand politics but yet they’ll tell me some of the garbage their being taught, who to vote for and why, stuff like that. Your opinion is your opinion and my opinion is my opinion. Move along now.
Does it matter
who you vote for? Nothing productive gets done on capital hill.
by MightyJoeBanner on Jun 24, 2010 1:41 PM EDT up reply actions
You were correct that economics degrees don't generally teach the personal finance that these players need.
Sadly, your personal biases against liberals has nothing to do with this.
"By far the worst performers on the team are in the front office." – Sally Jenkins
I have to agree with smuts on this one
While many college professors are liberal, it is irrelevant to the point being made
NO bias against liberals and if I did what's wrong with that?
Politics all together should stay out of every classroom, sadly, they don’t mostly because of liberals.
An apples to apples comparison though, liberal idoelogy generally leads in the direction of depressions and recessions. Why take my word for it, just look back in history and you’ll see liberal ideology has Never at anytime and in any country lead to anything prosperous for the hardwork that you achieve. I’m a very moderate to conservative person,but only because it works. If liberalism worked, thats what I would be. But it doesn’t!
Quite frankly, it’s not all that bad that some of these teachers are spewing hard left bologna(also known as the dumbing down of America) it keeps the people of the world who want to achieve real things in life a little more wealthy. So go ahead teach all the theory one can absorb it never amounts to much reality.
hahahaha.
just look back in history and you’ll see liberal ideology has Never at anytime and in any country lead to anything prosperous for the hardwork that you achieve. I’m a very moderate to conservative person,but only because it works. If liberalism worked, thats what I would be. But it doesn’t!
Thank you for proving my point about bias.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Try reading a book called Atlas Shrugged.
Sometimes understanding the true meaning of a word or idea opens up your mind to the true meaning of it’s opposite. In this case, bias would be somewhat the opposite of what the book is about.
It must be very confusing for you to think that if something doesn’t work and then someone discards it to the side for something that does, that he or she is biased. So you know, bias isn’t a dirty word in all cases. Hahahaha………… I’m sure that your not to far off from calling me a racist next.
Ayn Rand
not only was anti-liberal, but elitist and generally not a nice person. Her personal beliefs were very much in line with the Nazis. Yes, Atlas Shrugged was a great book, but there are many lessons in it that are examples of a kind of society most of us would not want (IMO). It would be back to the days of the Robber Barons in a heartbeat for starters. Don’t even get me started on social and political controls a la 1984.
In short, there is a difference between entrepreneurial success in a “free” society as a means to wealth and the worst offenses of your typical oligarchy. That is why Liberalism is essential to a healthy Democracy – if only if exists to balance power.
Finally, you do not distinguish between a liberal arts education and liberalism as a political view. One can be deeply enriched by the former without any attachment to the latter.
Time flies like an arrow. Fruit flies like a banana.
Ayn Rand and Nazi's?
You’re way offf the deep end there as she despised them and she never stated any racist ideas (I read all of her books when I was in my 20’s).
I do agree that her idea of what a perfect society would be is flawed and that she wasn’t a generally nice person but I cut her some slack after living through the Russian Revolution – I think that would twist anybody’s outloook on life.
My AP English teacher in HS
did call me out for “reaching” a lot. Old habits die hard, I guess. Nice point on the Revolution having an affect – Dr. Zhivago type experience I bet.
Time flies like an arrow. Fruit flies like a banana.
Your have to be very twisted to think she was in line with the nazis
You make my point more valid. If you are in the majority, to be clear I don’t think you are, then it proves why this country went over the edge. Your line of thinking is more in line with popularity and perception, not reality.
I've read Ayn Rand. I appreciate your condescending attempts to open my mind, but I promise you I'm well-read on economic theory.
I just disagree with you.
Hopefully you can wrap your head around that one: just because I disagree with you doesn’t mean I’m less educated about the topic.
It must be very confusing for you to think that if something doesn’t work and then someone discards it to the side for something that does, that he or she is biased.
No, what gave away your bias is that instead of talking about the issue at hand (whether college degrees teach you personal finance), you launched directly into attacks on the monolithic liberal professor Illuminati.
I’m sure that your not to far off from calling me a racist next.
Tsk tsk, so defensive. Deal with the issues, don’t project your misguided stereotypes of liberals on to me.
"By far the worst performers on the team are in the front office." – Sally Jenkins
I 'll agree to disagree when you take back the bias comment
Again, just because I don’t agree with a point of view does NOT conclude I’m biased. Instead of talking and theorizing out your issues for your entire lifetime, try coming to some conclusion based on evidence.
Again
Again, just because I don’t agree with a point of view does NOT conclude I’m biased.
Since apparently you missed it the first time: your bias was and continues to be shown by the fact that instead of talking about the issue at hand (whether college degrees teach you personal finance), you launched directly into attacks on the monolithic liberal professor Illuminati.
Instead of talking and theorizing out your issues for your entire lifetime, try coming to some conclusion based on evidence.
Take your own advice. Nobody here has shown any “evidence” of any economic policy.
I hate to tell you this, but your your blanket and comical dismissal of every liberal economic policy ever isn’t “evidence,” although I’m sure on radio talk shows that passes for intelligent “analysis”.
"By far the worst performers on the team are in the front office." – Sally Jenkins
What is it you believe in anyway?
Afraid to say it?!?!?! You are really good at taking bits and pieces of others words and then twisting them into what you want others to believe about them. If you look back at all these comments, you mostly manage to highlight what I say and then begin your theories.
So I ask again what is it you believe in? C’mon we both know this isn’t about whether college degrees teach you finance. If you don’t know the answer to that by now then this conversation has a few more years of growing up to do. Think it all the way through if you’re capable of that and you’ll eventually come to some conclusions about personal responsibility, a moderate to conservative value.
By the way, this lesson on philosophy you’re giving me is very very interesting.
You are too far gone down the path of Rush Limbaugh obsession with strawman liberal stereotypes for me to get any more involved with you.
Your last post had insults and admission of my original point.
I think we’re about done here.
C’mon we both know this isn’t about whether college degrees teach you finance.
"By far the worst performers on the team are in the front office." – Sally Jenkins
I see you still can't agree to disagree
Pride and ego has got you by the throat, the possible makings of an elitist whether your liberal or conservative.
Again, thanks for picking a choice few words of my last post, sticking them through your philosiphising analyzer and then coming to some crack conclusion.
I’ll keep posting until you agree to disagree, like two grown ups should. What, this is like the 3rd time I’m trying?
Make sure you highlight a fragment of one of my sentences here, then go look up all the words in the dictionary, then mention how I prove your point, which is what by the way?
An insult is calling someone bias when they don’t agree with your point of view, who here other than you has done that?
Skinsmets
People have a tendency to select what they read or hear to those viewpoints that reinforce their existing belief systems or filters. It is not all that complicated. There is much illusion in this process. It is likely that you will not change your mind if you are over 30.
“And He said, "Go, and tell this people: ‘Keep on hearing, but do not understand;
Keep on seeing, but do not perceive.’"Make the heart of this people dull, And their ears heavy, And shut their eyes; Lest they see with their eyes, And hear with their ears,
And understand with their heart, And return and be healed." from a famous philosopher
by Jefferson1935 on Jun 26, 2010 10:30 AM EDT up reply actions
Jefferson1935
I agree, it isn’t all that complicated.
But I’ve given him every opportunity to agree to disagree and yet he can’t bring himself to do it. Why?……who knows, because I hurt his feelings with an insult?……Maybe so …..but the elitist attitude he displays when someone doesn’t agree with his view, that they are biased is more of an insult……actually shows imaturity.
I voted for Obama and usually vote moderately but when I see smugness come to these levels it has made me change my mind and in fact I hope every tea party member gets in this fall. He is so typical of a butterfly socialite it’s not even funny. This is what happens when you give the liberal agenda a little room for their views. They immediately take it to record levels. They want to progress themselves right to the top of their job, usually with a tax based salary and having no idea of the impact on the rest of the nation. I would bet that smutsboy has a tax based job, if he even knows what that means.
If you were a real conservative you wouldn't be citing Limbaugh
Look for Edmund Burke and more recently Russell Kirk. Ronald Reagan certainly wasn’t a fiscal conservative nor was the more recent George Bush. The National Debt escalated radically in their administrations. Deficits work if they are counter cyclical, i.e., during recessions, otherwise they are inflationary. Much of the conservative/liberal discussion is BS.
You did OK putting your money in real estate and letting other people pay your debt, but that only works when a minority of people do it. Much of what people do in managing their finance is good if it is based on common sense.
by Jefferson1935 on Jun 24, 2010 6:16 PM EDT up reply actions
Limbaugh has his drawbacks
I couldn’t agree more about Bush and Reagan. I never said anything about them. Your assumption that everyone believes they were conservatives blinds you.
Their is never a need to have a deficit, technically speaking, they never work. If what you say is true, than the word recession in your statement already faults your point. If you can manage to think it all the way through, it’s really an oxymoron.
Every now and the try watching a different channel other than CNN and MSNBC.
And now back to football
SpottieOttieDopaliscious
just thought I would throw it out there....
I don’t really do politics (if I do its on a local level), but it seems to me that “leftism” is widely considered to be a game for the ‘poor". however, it is also a “leftist” concept to throw a boatload of money into the education system. Now doesn’t it seem logical that if did just that, and actually started paying educators anywhere close to what they deserve, that many more conservative thinkers would perhaps consider a career in education? Thereby leveling the playing field across the board?……just a thought (and please, for the love of anything rational, do away with “no child left behind”)
Colleges
A lot of academia has gone far to the left – insanely politically correct – but not the business (or even technical) schools – not in most ways, anyway. For one thing, there is no “liberal” financial management, marketing, accounting, etc.
Most of the political correctness is rampant in a small number of fields
the worst being Social Studies, Education, and to a certain extent History. And yes, many academics are leftist although all viewpoints tend to be represented. I once knew a guy who claimed to be the only History Professor in America who wasn’t a communist. He won a Fulbright Scholarship to teach in Bulgaria in the ‘70s and practically got thrown out of the country when they were surprised to find he didn’t think much or Marx or Lennon.
Time flies like an arrow. Fruit flies like a banana.
I took this class and it talked all about
what percentage of your salary to stay under when buying property… cars… all that jazz
Personal Finance
Sounds like a good course.
Easy way to solve this
ING Financial Partners, Merrill Lynch, Ameriprise….0% would be in debt.
by MightyJoeBanner on Jun 24, 2010 1:39 PM EDT reply actions
Class on investing?
Thats a joke! The market, investing trends, strategies, products all change yearly(quarterly sometimes). If you don’t spend 40+ hours a day, five days a week in the investing world, you should hire someone who does.
by MightyJoeBanner on Jun 24, 2010 1:48 PM EDT reply actions
That's not necessarily true
If you don’t spend 40+ hours a day, five days a week in the investing world, you should hire someone who does.
Depending on what kind of investing you want to do (options, margin etc) you can do it yourself. It is something that can be taught, and it isn’t even necessary to do it everyday depending on what kind of money you’re looking to make off of it.
SpottieOttieDopaliscious
That's more applicable to the stock market
Not to mutual funds and long-term investing.
At all.
"By far the worst performers on the team are in the front office." – Sally Jenkins
I don't think anyone is advocating classes on becoming
a stockbrocker or day-trader for athletes. However, I can’t believe it would be that hard to come up with a class like Gibbs is proposing, even if it’s only an elective. I would have benefited greatly instead of learning as I went along.
Fortunately, I had friends and relatives of whom I could ask questions before I spent my money outrageously. Without their wisdom I never would have enjoyed my life in a trailor park at the RC Cola and Moonpie buffet.
Time flies like an arrow. Fruit flies like a banana.
Oh no you didn't!
The new Mint Moonpie is to die for, if you like Thin mints Girl Scout cookies… I had one and an RC last night. (no joke).
And I make good money, have savings, an investmant property, a Masters (and I’m ABD for my PhD currently, though working on the Disertation), and have four (well, technically 5 except my step-daughter totalled one a few months ago) cars.
Moonpies and RC doesn’t mean you are a country boy, just a SOUTHERN boy.
This makes a really good point.
Which is that a lot of us, myself included, take our family, support and community structures for granted.
I hesitate to judge people who never had much of any of that.
Fortunately, I had friends and relatives of whom I could ask questions before I spent my money outrageously. Without their wisdom I never would have enjoyed my life in a trailor park at the RC Cola and Moonpie buffet.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Then
you are a wise man.
I hesitate to judge people who never had much of any of that.
Time flies like an arrow. Fruit flies like a banana.
I like to think so. I'm also a genius.
"By far the worst performers on the team are in the front office." – Sally Jenkins
Don't forget
there is a fine line between genius and insanity. Just sayin… :)
Time flies like an arrow. Fruit flies like a banana.
AH
The story is dead on – the NFL really ought to help players with their money – maybe even set up or go in with some mutual fund or other safe place they can put their money. Maybe hire a financial adviser they can always visit, just simple questions. One of the main things to tell them is to never give their money to dumb or crooked friends to fund their brainless ideas (like poor Michael Vick with his dog fighting friends). No investments at all would be best, unless they themselves knew the business well and had a good plan. I wouldn’t be at all surprised if it turned out that Haynesworth’s latest loan mess was, in fact, him co-signing a loan or going in as a “partner” for some ding dong with an idea, not even knowing that he would be liable for the loan. It’s just a shame that guys making millions of dollars a year aren’t financially secure. Even the minimums are extremely high by ordinary standards. From above – I don’t think they should try to teach them to play the stock market. Just give them a good set of investment options , like the government’s Thrift Savings Plan. A million dollars, invested right, ought to be enough to keep you solvent forever.
If the league and the players could create a culture of wisdom with money that would be ideal
The financial adviser idea is a good one.
"By far the worst performers on the team are in the front office." – Sally Jenkins
I wouldn’t be at all surprised if it turned out that Haynesworth’s latest loan mess was, in fact, him co-signing a loan or going in as a "partner" for some ding dong with an idea, not even knowing that he would be liable for the loan.
I think that’s a big part of the problem. Alot of players come from poor backgrounds, and most (Haynesworth excepted) don’t actually make millions and millions. As soon as they get signed, they have everyone they’ve ever known in their lives asking them for an “investment” in their “foolproof idea”.
Serious business.
Good observation
the details will come out soon.
Time flies like an arrow. Fruit flies like a banana.
How can that be?
Does anyone know if that stat (78% bankrupt) is right? That seems crazy! Sure some people are dumb with money, but 78% of people can’t just figure out that they should put their millions into a conservative blend of investments (T-Bills, etc.) and just make sure that they spend less than they are taking in?
Is it just me or does that not seem too hard? All they have to do is wealth preservation. I would think these guys all have financial advisors too, so I’m wondering what’s the problem?
My doublestuffed oreos fell on the floor of my mom's basement. Save me swagman!
by SomebodyBuyAustinaSteak on Jun 24, 2010 3:28 PM EDT reply actions
21-23 year olds are being given millions of dollars straight out of college
to play a game that they’ve been playing since they were in pop warner. This is also the age at which young adults still have this idea that they are invincible and will be playing this game until THEY don’t want to do it anymore.
It’s not too hard for me to imagine 78% being just about right.
SpottieOttieDopaliscious
personal finance should be tought in every high school in this country
the concepts are so obvious, yet young people just act so dumb its incredible.
My doublestuffed oreos fell on the floor of my mom's basement. Save me swagman!
by SomebodyBuyAustinaSteak on Jun 24, 2010 3:36 PM EDT up reply actions
Our education system is so broken you couldn't even dream of something like that
let alone institute it.
"By far the worst performers on the team are in the front office." – Sally Jenkins
as one of those young people
it’s not that we’re dumb, just short sighted. we think about what we want and not enough about how we should go about getting it.
luckily, I’ve had the guidance that a lot of people my age lack and was smart enough to listen.
I do agree that it should be taught in every high school though. Personal Finance should be a required course in college as well.
SpottieOttieDopaliscious
Don't forget the double whammy
that is the double standard for premier athletes at a young age, where they are coddled and allowed to get away with just about anything to keep them on the field of play.
This does not breed a realistic sense of how one fits into society and what to expect of it. So it’s really youth that is mentally and emotionally unarmed and not equipped to do much but create instant gratification.
Time flies like an arrow. Fruit flies like a banana.
part of the problem
is that many college athletes don’t get any real education – they just get a degree. I once worked with a guy who had a 4 year degree but couldn’t read. Yeah, that right, he was literally illiterate. Of course that’s probably (I hope) the exception but it does happen. How else do you explain the low wonderlick scores? Have you seen the questions on that test? They’re a joke.
Think of the amount of players that are in the league at vet min for a year or two jumping around until being cycled out
those guys can easily become bankrupt
Somebody -
right, that 78% seems absurd. We all know how there are “lies, damn lies and statistics”. Possibly it’s not really bankrupt, but low net worth. But the overall point – that a lot of players blow most of their money – could well be true.
Joe Gibbs
Perhaps if some of these players would have stayed in college and earned their diploma this topic would be a moot issue.
Two of Gibb’s championships were in strike shorten seasons where the team did not have to deal w/ a full schedule of games, and the win against Miami was based on Bobby Beathard stocking the team with quality players. Does anyone remember how Joe did when he was in charge of picking personnel during his second go round (hello new Raider Jason Campbell)?
As far as his new enterprise is concerned, ‘’Nascar Joe’’ is responsible for the deaths of thousands of innocent victims killed on the nation’s highway year after year. After all, where Nascar and young adult men are concerned it is simply a case of ‘’monkey see, monkey do’’.
The only difference being that the young adult men who emulate Nascar use the PUBLIC ROADWAYS of this nation with innocents such as your son, daughter or wife paying the price for this empathic emulation of Mr. Gibbs beloved ‘’new sport’’.
Joe needs to go back to North Carolina and keep away from the Redskins and the NFL.
by Hermann Munster on Jun 24, 2010 11:18 PM EDT reply actions
Wow!
You are the very first to point out the obvious connection between NASCAR and the carnage on our highways. And perhaps the last….
Time flies like an arrow. Fruit flies like a banana.
I notice the same thing after the Olympic speedwalking events
Sidewalk collisions. Jostling on the escalator. Tray-on-tray hits in the lunchroom. When will the carnage stop?
Serious business.
In Florida,
The Walker Jousting confrontations are brutal. Especially in front of a drug store or physicians office. I once saw an old lady get bumped from behind and spun out over some bushes and into a pond. Everyone in the parking lot just cheered and cracked another Budweiser.
Time flies like an arrow. Fruit flies like a banana.
Not So Fast
Do not the vehicles that run on Nascar tracks resembles millions of vehicles that sit in driveways across this nation (from a aesthetic point of view)? And you do not believe that fundamental emulation takes places within the group of people that follow this activity? If a family member of yours ever ends up dead on the highway, your view point will certainly change.
by Hermann Munster on Jun 26, 2010 9:37 AM EDT up reply actions
You don't really believe
that NASCAR causes hwy fatalities do you?
Time flies like an arrow. Fruit flies like a banana.
my sarcasm meter
doesn’t boot up until 12pm EST
SpottieOttieDopaliscious
Maybe I should lay off the "sarcasm"
until after noon, just to be safe.
Time flies like an arrow. Fruit flies like a banana.
wait wait wait
you do know that my post was in response to Hermann right?
SpottieOttieDopaliscious
No, I thought you were
dissing me (slightly and in a nice way). LOL
Time flies like an arrow. Fruit flies like a banana.
What are the agents for?
I think that this is great, but what are guys like Rosenhau doing to earn their ridiculous percentages? Anything like investments should be gone over with a true professional and I would think that an agent as big as someone like Drew would have a staff of lawyers and investment consutants to assist these players on money matters. Does he only negotiate contracts? If so I am in the wrong line of business.
It is pretty interesting that a lot of these money issues come from bad investments which leads me to believe two things. First they are trying to do something responsible even if it is flawed. And secondly anytime one of these guys loses money someone is there profitting from it. This could be a nightmare for vultures that target people with more money than business sense.
And that 78% number is pretty skewed. It leads you to believe that guys like McNabb or Manning or Brady would be bankrupt, but the number of guys that play just one year for league minimum probably make up over 65% of that figure. And the ones that did get lucky enough to earn millions and didn’t pan out for long careers are probably the same knuckleheads that burned through it without a care in the world.
by It's Always Sunny in DC on Jun 25, 2010 2:55 PM EDT reply actions
You mean Brunell
declared bankruptcy due to real estate investment failures?
by Jefferson1935 on Jun 26, 2010 10:34 AM EDT up reply actions
it was either that
or bad business ideas. here’s the link
SpottieOttieDopaliscious
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