#JoeBurrow says he learned a harsh
#financial lesson the moment his first
#NFL signing bonus hit his account.
After signing his rookie deal, Burrow expected to receive the full $24.6
#million signing bonus.
Instead, only about $12 million showed up.
“The first thing I did was call my financial advisor and ask, ‘What the hell happened?’”
Between federal taxes, state taxes, agent fees, and other deductions, athletes often lose a massive chunk of their earnings before they ever see the money.
Fans hear that a player signed a $25 million deal and assume they’re taking home $25 million.
The reality is much different.
Even for superstar athletes, the number reported in the headlines is rarely the amount that actually lands in their bank account. 💸