A demand of Pac-12 group is to be distributed 50% of revenue in each respective sport
So let& #39;s play this out
Let& #39;s say Pac-12 FB generated $300,000,000 of revenue.
So, they want $150,000,000 of that revenue split between the 1500 players in Pac-12
That& #39;s $100,000 per player
So let& #39;s play this out
Let& #39;s say Pac-12 FB generated $300,000,000 of revenue.
So, they want $150,000,000 of that revenue split between the 1500 players in Pac-12
That& #39;s $100,000 per player
So each Pac-12 Football player gets $100,000 which is now taxable. (32% Tax rate)
So each player gets $68,000 after taxes .
Let& #39;s say average cost of attendance at Pac-12 school is about $20,000. (Stanford is $70K)
We are down to $48,000 after taxes.
So each player gets $68,000 after taxes .
Let& #39;s say average cost of attendance at Pac-12 school is about $20,000. (Stanford is $70K)
We are down to $48,000 after taxes.
So we& #39;ve got $48,000.
Time to pay rent
9 months at Avg of $1000/month ($9,000)
We are down to $39,000.
Got to eat as well, especially as a CFB player.
You go from unlimited food to a meal plan
That& #39;s around $5000.
Insurance? Another $2000
Down to $32,000....still not bad
Time to pay rent
9 months at Avg of $1000/month ($9,000)
We are down to $39,000.
Got to eat as well, especially as a CFB player.
You go from unlimited food to a meal plan
That& #39;s around $5000.
Insurance? Another $2000
Down to $32,000....still not bad
So $32,000 isn& #39;t terrible for a 18 year old.
Parents want to come to game?
Cool. Here& #39;s a link to purchase tickets for them
Need some gear other than the standard issued gear? Here& #39;s a discount code
Need a tutor for class? You get a price break!
But still prob $25,000 for FB
Parents want to come to game?
Cool. Here& #39;s a link to purchase tickets for them
Need some gear other than the standard issued gear? Here& #39;s a discount code
Need a tutor for class? You get a price break!
But still prob $25,000 for FB