Sean Avery Transition piece

[ClydeLee]

Here is a ditty that should help ya'll think about how to transition to getting pumped as the off-season roles around. From none other than the great avatar icon himself.

http://www.theplayerstribune.com/sean-avery-why-i-retired-life-after-hockey/

 

[HeHateMe]

Hell yeah.

 

[Ares]

Interesting, but also kind of sad.

It irks me that he talks about leaving the game and not having 20 mil in your bank account and needing to work.

If you play in the NHL for 5-10 years and you make anywhere at or above 1 mil a year you should be able to invest alot of that money as your career goes on so when you leave the game you are sitting on a pile of investments that can keep growing.

Being irresponsible with your money as a professional athlete is not ok just because it tends to be the norm and no one is going to cry for you because you didn't invest wisely while you were being paid extremely well.

These guys should be investing a % of their pay just like any other regular dude and by that method they would retire with plenty of money to spare.

 

[DMelt36]

Interesting, but also kind of sad.

It irks me that he talks about leaving the game and not having 20 mil in your bank account and needing to work.

If you play in the NHL for 5-10 years and you make anywhere at or above 1 mil a year you should be able to invest alot of that money as your career goes on so when you leave the game you are sitting on a pile of investments that can keep growing.

Being irresponsible with your money as a professional athlete is not ok just because it tends to be the norm and no one is going to cry for you because you didn't invest wisely while you were being paid extremely well.

These guys should be investing a % of their pay just like any other regular dude and by that method they would retire with plenty of money to spare.

Absolutely true. But ...

I don't know how old you are, Ares, but would you have been this fiscally responsible if someone handed you a multi-million dollar deal in your early 20s (or, perhaps, even younger)? It's easy to say that from an outside perspective but I know if I was given that much money when I was 23, the last thing I would be thinking about is investing for the future.

 

[HeHateMe]

Sean Avery is worth over 7 mill, and I believe he's successfully engaged in multiple businesses. Isn't he in fashion, design and also a model? I can see why you ugly haters are hating on him LOLOLOLO

 

[Ares]

Absolutely true. But ...

I don't know how old you are, Ares, but would you have been this fiscally responsible if someone handed you a multi-million dollar deal in your early 20s (or, perhaps, even younger)? It's easy to say that from an outside perspective but I know if I was given that much money when I was 23, the last thing I would be thinking about is investing for the future.

I am 26 and I bought a house 2 years ago when I was 24.... I get people being somewhat fiscally irresponsible, I do.

However, being so fiscally irresponsible with hundreds of thousands of dollars of take home income over the course of 5-10 years that you must get a job in order to stay afloat is ridiculous.

And keep in mind some of the athletes mature in to their 30s yet somehow manage to leave pro sports and wind up broke.

Maybe the NHL should force players of certain ages to put certain % of their pay towards investments.... 18-23 or something.... and after that the players can decide to keep the investments or take the money and blow it like idiots.

Idk I just cannot feel bad for people who make more than many corporate CEOs for many years and somehow wind up broke or down enough that they cannot simply live out their life comfortably.

 

[Ares]

Sean Avery is worth over 7 mill, and I believe he's successfully engaged in multiple businesses. Isn't he in fashion, design and also a model? I can see why you ugly haters are hating on him LOLOLOLO

Good for him.... I applaud him for his efforts at leading a normal life post NHL.

I guess his story more spurred an annoyance with athletes who manage to leave their sport an go broke or get into money troubles.... it really isn't that hard to be fiscally responsible enough to grow your own money for life once you retire from your sport.

 

[DMelt36]

I am 26 and I bought a house 2 years ago when I was 24.... I get people being somewhat fiscally irresponsible, I do.

However, being so fiscally irresponsible with hundreds of thousands of dollars of take home income over the course of 5-10 years that you must get a job in order to stay afloat is ridiculous.

And keep in mind some of the athletes mature in to their 30s yet somehow manage to leave pro sports and wind up broke.

Maybe the NHL should force players of certain ages to put certain % of their pay towards investments.... 18-23 or something.... and after that the players can decide to keep the investments or take the money and blow it like idiots.

Idk I just cannot feel bad for people who make more than many corporate CEOs for many years and somehow wind up broke or down enough that they cannot simply live out their life comfortably.

I get your point, but I think it's substantially different for athletes because they have have, on average, a 5-10 year window to make that type of money. CEOs and other similar careers can make that money for a much longer timespan. Their careers don't end abruptly and force them to find a new one.

 

[Ares]

I get your point, but I think it's substantially different for athletes because they have have, on average, a 5-10 year window to make that type of money. CEOs and other similar careers can make that money for a much longer timespan. Their careers don't end abruptly and force them to find a new one.

True, but cmon.... they make enough money for 5-10 years that they could invest well for that time period and retire with a sizeable nest egg.

The fact that many of them don't is their own fault..... and they make more than most corporate CEOs btw....

 

[ClydeLee]

For many high quality big money earning players, he is also generous saying their education often starts at 16. That's typically possible but it's also not even taken at a high serious level for some athletes earlier. Some kids start their traveling to join other hockey clubs around 12-14 if they're good enough. They aren't getting a whole lot of common educational advice.

I actually liked this piece because it's nice to find out more about these back to school programs or readjusting programs like Carcillo is trying to work with.

 

[supraman]

When is he coming out of the closet?

 

[HeHateMe]

When is he coming out of the closet?

oh look, another jelly hater...

 

[Shantz My Pants]

True, but cmon.... they make enough money for 5-10 years that they could invest well for that time period and retire with a sizeable nest egg.

The fact that many of them don't is their own fault..... and they make more than most corporate CEOs btw....

If you read the article he stats that after taxes, NHL taxes and other fees, he really only walked away with $600,000. Not sure if that was per year or just his career but still, it seems he figured it out towards the end of his career.


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