What's next for Toby Gerhart? - Printable Version
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What's next for Toby Gerhart? - thunder_chik - 03-09-2016
Toby's to be released by the Jags, http://blackandteal.com/2016/03/09/jacksonville-jaguars-to-release-toby-gerhart/
Not surprised. I don't believe he'll be picked up by anyone.
Re: What's next for Toby Gerhart? - winflop - 03-09-2016
I wonder how much of that contract was guaranteed.
I could see him being picked up once he clears waivers, but nobody's going to pick up his contract with the Jags. Might get signed to a practice squad as an insurance policy for a team that's thin at RB.
But if I were in his shoes I'd starting executing on plans for the next 30+ years.
Re: What's next for Toby Gerhart? - winflop - 03-09-2016
I wonder how much of that contract was guaranteed.
I could see him being picked up once he clears waivers, but nobody's going to pick up his contract with the Jags. Might get signed to a practice squad as an insurance policy for a team that's thin at RB.
But if I were in his shoes I'd starting executing on plans for the next 30+ years.
Re: What's next for Toby Gerhart? - stupac2 - 03-09-2016
If I had as much money as he'd made I'd sock it in an index fund and live off the interest for the rest of my life. Hopefully he's invested wisely.
Re: What's next for Toby Gerhart? - stupac2 - 03-09-2016
If I had as much money as he'd made I'd sock it in an index fund and live off the interest for the rest of my life. Hopefully he's invested wisely.
Re: What's next for Toby Gerhart? - thunder_chik - 03-09-2016
The deal he signed in March 2014 was $10.5 million for 3 years, $4.5 million guaranteed. Add that to his 4-year deal ($2 mil?) with the Vikings and he should be set to do anything he wants. BTW, he turns 29 this month.
So glad that when I met him a few years back, he autographed my visor with #7, his Stanford number.
Re: What's next for Toby Gerhart? - thunder_chik - 03-09-2016
The deal he signed in March 2014 was $10.5 million for 3 years, $4.5 million guaranteed. Add that to his 4-year deal ($2 mil?) with the Vikings and he should be set to do anything he wants. BTW, he turns 29 this month.
So glad that when I met him a few years back, he autographed my visor with #7, his Stanford number.
Re: What's next for Toby Gerhart? - winflop - 03-09-2016
(03-09-2016, 10:00 AM)stupac2 link Wrote:If I had as much money as he'd made I'd sock it in an index fund and live off the interest for the rest of my life. Hopefully he's invested wisely.
Looks like he's made about $11M total. Probably not enough to fully retire on, plus I doubt at age 28/29 he's out of career options or interests
http://www.spotrac.com/nfl/jacksonville-jaguars/toby-gerhart/
Re: What's next for Toby Gerhart? - winflop - 03-09-2016
(03-09-2016, 10:00 AM)stupac2 link Wrote:If I had as much money as he'd made I'd sock it in an index fund and live off the interest for the rest of my life. Hopefully he's invested wisely.
Looks like he's made about $11M total. Probably not enough to fully retire on, plus I doubt at age 28/29 he's out of career options or interests
http://www.spotrac.com/nfl/jacksonville-jaguars/toby-gerhart/
Re: What's next for Toby Gerhart? - stupac2 - 03-09-2016
$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Re: What's next for Toby Gerhart? - stupac2 - 03-09-2016
$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Re: What's next for Toby Gerhart? - BigEasyCard - 03-09-2016
(03-09-2016, 10:27 AM)winflop link Wrote:[quote author=stupac2 link=topic=14712.msg158161#msg158161 date=1457542809]
If I had as much money as he'd made I'd sock it in an index fund and live off the interest for the rest of my life. Hopefully he's invested wisely.
Looks like he's made about $11M total. Probably not enough to fully retire on, plus I doubt at age 28/29 he's out of career options or interests
http://www.spotrac.com/nfl/jacksonville-jaguars/toby-gerhart/
[/quote]
The $11M is before taxes which might run 35% to 40% of the gross. He qualifies for an NFL pension at age 55 plus presumably some Social Security.
Here's a 2013 link to NFL player compensation and benefits info: https://jeffnixonreport.wordpress.com/2013/04/23/nfl-player-salaries-and-benefits-under-the-cba/
He has the luxury of doing what he wants to do instead of just working for a paycheck. And that Stanford degree is good for the rest of his life.
Geaux Cardinal!
Re: What's next for Toby Gerhart? - BigEasyCard - 03-09-2016
(03-09-2016, 10:27 AM)winflop link Wrote:[quote author=stupac2 link=topic=14712.msg158161#msg158161 date=1457542809]
If I had as much money as he'd made I'd sock it in an index fund and live off the interest for the rest of my life. Hopefully he's invested wisely.
Looks like he's made about $11M total. Probably not enough to fully retire on, plus I doubt at age 28/29 he's out of career options or interests
http://www.spotrac.com/nfl/jacksonville-jaguars/toby-gerhart/
[/quote]
The $11M is before taxes which might run 35% to 40% of the gross. He qualifies for an NFL pension at age 55 plus presumably some Social Security.
Here's a 2013 link to NFL player compensation and benefits info: https://jeffnixonreport.wordpress.com/2013/04/23/nfl-player-salaries-and-benefits-under-the-cba/
He has the luxury of doing what he wants to do instead of just working for a paycheck. And that Stanford degree is good for the rest of his life.
Geaux Cardinal!
Re: What's next for Toby Gerhart? - BostonCard - 03-09-2016
(03-09-2016, 11:16 AM)stupac2 link Wrote:$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Remember 5% returns have to be above inflation, or you start eating into your principle. These days, that a minimal concern, with inflation running at about 1%, but it won't be that low forever. And returns aren't what they used to be, what with negative interest rates being all the rage.
Still, one can live reasonably comfortably with that in the bank, certainly well above the median household income.
BC
Re: What's next for Toby Gerhart? - BostonCard - 03-09-2016
(03-09-2016, 11:16 AM)stupac2 link Wrote:$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Remember 5% returns have to be above inflation, or you start eating into your principle. These days, that a minimal concern, with inflation running at about 1%, but it won't be that low forever. And returns aren't what they used to be, what with negative interest rates being all the rage.
Still, one can live reasonably comfortably with that in the bank, certainly well above the median household income.
BC
Re: What's next for Toby Gerhart? - washingtonismoney - 03-09-2016
(03-09-2016, 01:40 PM)Boston Card link Wrote:[quote author=stupac2 link=topic=14712.msg158173#msg158173 date=1457547400]
$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Remember 5% returns have to be above inflation, or you start eating into your principle. These days, that a minimal concern, with inflation running at about 1%, but it won't be that low forever. And returns aren't what they used to be, what with negative interest rates being all the rage.
[/quote]
But of course this is a contradictory claim. If inflation goes up, interest rates will go up and returns will too.
Re: What's next for Toby Gerhart? - washingtonismoney - 03-09-2016
(03-09-2016, 01:40 PM)Boston Card link Wrote:[quote author=stupac2 link=topic=14712.msg158173#msg158173 date=1457547400]
$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Remember 5% returns have to be above inflation, or you start eating into your principle. These days, that a minimal concern, with inflation running at about 1%, but it won't be that low forever. And returns aren't what they used to be, what with negative interest rates being all the rage.
[/quote]
But of course this is a contradictory claim. If inflation goes up, interest rates will go up and returns will too.
Re: What's next for Toby Gerhart? - stupac2 - 03-09-2016
Also I specifically said 5% real returns, to differentiate it from the 5% nominal that you'd normally assume I meant.
Re: What's next for Toby Gerhart? - stupac2 - 03-09-2016
Also I specifically said 5% real returns, to differentiate it from the 5% nominal that you'd normally assume I meant.
Re: What's next for Toby Gerhart? - BostonCard - 03-09-2016
(03-09-2016, 01:58 PM)washingtonismoney link Wrote:[quote author=Boston Card link=topic=14712.msg158188#msg158188 date=1457556013]
[quote author=stupac2 link=topic=14712.msg158173#msg158173 date=1457547400]
$11M is absolutely enough to retire on, unless you want to lead a stupidly extravagent lifestyle. My wife and I have calculated it and our number, including our house in the crazy-expensive Bay Area, is around $2.5M. Assuming you get ~5% annual real returns (which isn't insane), $11M is giving you over half a million dollars a year. You can't live on that? I sure could!
Granted, he's probably got less than that, but say he has $5M in the bank, that's still ~$250k a year! My wife and I make a bit over half that. It's plenty to live on.
Remember 5% returns have to be above inflation, or you start eating into your principle. These days, that a minimal concern, with inflation running at about 1%, but it won't be that low forever. And returns aren't what they used to be, what with negative interest rates being all the rage.
[/quote]
But of course this is a contradictory claim. If inflation goes up, interest rates will go up and returns will too.
[/quote]
Yes and no. Taking the S&P 500, nominal returns of course do go up as inflation increases. Real returns, however, tend to do best when there is a moderate amount of inflation (2 - 3%). Returns tend to be lower when inflation is higher because of the expectation that interest rates will rise to take on inflation. And when inflation is very low, returns tend to be low because it is usually a sign that the economy is sputtering.
The correlation between bonds and inflation is much stronger, of course, since bond yields reflect inflation expectations going forward.
BC