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Bench McElroy
Member since Nov 2009
30606 posts

Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

Tagovailoa got $30.3 million guaranteed, including a $19.6 million signing bonus, on his four-year rookie contract. He isn’t spending a dime of it.

Instead, Tagovailoa said in an interview with GQ, every NFL paycheck is going into savings, and all he’ll spend to live on is what he gets in endorsements.

“I’m gonna be living off of my marketing money, so the endorsement money that I get, and then everything else is just put to the side,” Tagovailoa said. “So the money that I’m making from my contract, that’s put to the side, so none of that’s gonna be seen.”

With endorsement deals with several big companies, Tagovailoa has been able to purchase some nice items, including a $1.65 million house near the Dolphins’ facility, an $80,000 Escalade for his mom and a $10,000 Rolex for his dad.

“I would say I’m happy with what I spent it on,” Tagovailoa said.


LINK


sweetwaterbilly
LSU Fan
Member since Mar 2017
12757 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
That's a good plan if he can stick to it. Won't be long before his 147 family members come out the woodwork asking for money though.


SmellslikeKevinBacon
LSU Fan
Louisiana
Member since Dec 2012
5988 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Sounds like a smart move.


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261
PhillyTiger90
Rutgers Fan
Member since Dec 2015
5066 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Awesome to hear

The horror stories you hear about guys going broke should scare a lot more of these NFL guys than just the handful you hear about


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501
Winston Cup
Liberty Fan
Texas State Fan
Member since May 2016
46496 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
is this where we speculate he is injured and will never fulfill the rookie contract?


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149
Bench McElroy
Member since Nov 2009
30606 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

Won't be long before his 147 family members come out the woodwork asking for money though.



That’s a good point. Tua might be making this announcement publicly to get the leeches off his back.


sweetwaterbilly
LSU Fan
Member since Mar 2017
12757 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

That’s a good point. Tua might be making this announcement publicly to get the leeches off his back.


Think it was Bill Parcells who used to tell all his rookies to live off the interest from their rookie contract and put the rest away. That was back when advertisement money was nothing compared to today, too.

Tua seems like a good kid with a good head on his shoulders. I just hope he is able to tell people no and doesn't let them take advantage.


YF12
Alabama Fan
Ottobaan
Member since Nov 2019
4451 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Someone watched Browns Hard Knocks



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421
CatfishJohn
LSU Fan
Member since Jun 2020
894 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
By savings, he means his dad is taking it.


xenythx
Florida Fan
Member since Dec 2007
30638 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
He's probably still got some money saved up from his time at Bama as well.


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SpartyGator
Tampa Bay Rays Fan
Minneapolis, MN
Member since Oct 2011
59088 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Good for him...smart move


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32
SpartyGator
Tampa Bay Rays Fan
Minneapolis, MN
Member since Oct 2011
59088 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements


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102
chew4219
LA-Lafayette Fan
Member since Sep 2009
1645 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
That’s what Marshawn Lynch did as well.


TigahJay
Maryland Fan
New Orleans
Member since Sep 2015
5837 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Think Burrow has said the same thing


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259
wildtigercat93
Navy Fan
Member since Jul 2011
100437 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

That's a good plan if he can stick to it. Won't be long before his 147 family members come out the woodwork asking for money though.


If Gronk can do it, Tua certainly can


lsufanva
LSU Fan
sandston virginia
Member since Aug 2009
10452 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
That part has been happening since they realized he was good at football. And he likely will take care of his family and pacific family as a whole and there's nothing wrong with that. It's a closer, tight knit culture among islanders.


CatfishJohn
LSU Fan
Member since Jun 2020
894 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

If Gronk can do it, Tua certainly can



My buddy has a theory that Gronk is legally mentally handicapped so his parents' have power of attorney and keep his money safe

And he tells people this like it's fact and not his theory when the topic of Gronk's money comes up.


The Pirate King
Texas Tech Fan
Pangu
Member since May 2014
38052 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
Burrow already said he was doing this


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128
YF12
Alabama Fan
Ottobaan
Member since Nov 2019
4451 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

That part has been happening since they realized he was good at football. And he likely will take care of his family and pacific family as a whole and there's nothing wrong with that. It's a closer, tight knit culture among islanders.


Not really anything wrong with taking care of entire family.

It really doesn't need to take that much money to do that even.

Problem us when you start entertaining your family's terrible business ideas only possible with your money. And buying 500k cars worth 200k after three years.

With 15 million after taxes you don't have to worry about anything again if you just live ridiculously instead of outrageously
This post was edited on 9/28 at 11:58 am


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191
wildtigercat93
Navy Fan
Member since Jul 2011
100437 posts

re: Tua Tagovailoa says he will save his $30 million rookie contract, live on endorsements
quote:

My buddy has a theory that Gronk is legally mentally handicapped so his parents' have power of attorney and keep his money safe

And he tells people this like it's fact and not his theory when the topic of Gronk's money comes up.



I know way too many people who are like your buddy. I love being like “yo that’s not actually true you know that right”


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