Matthew Keith Byron Thompson Introduction • There is a problem arising in the NFL • Rookies are holding out for more and more money • Owners are getting frustrated • Veterans are getting frustrated • Fans are getting frustrated Explanation • Rookies are taking advantage of the system • Owners want to pay players for their value • Rookies want to be paid for their potential • If Rookies don’t receive an offer they want, then they just don’t show up to practice • Example is Michael Crabtree • Did not report to camp his rookie year • Sides could not meet on a contract Explanation • Most rookies in the NFL are overpaid and use their money on pointless things. • Rookies now have to attend a mandatory meeting about spending and managing money entering their rookie year to insure they don’t go bankrupt. Examples • Jake Long 2008 - 5 years $57.5 Million • Matthew Stafford 2009 - 6 years $72 Million • Ndamukong Suh 2010 – 5 years $62 Million • Matt Ryan – 6 years $72 Million • JaMarcus Russel – 6 years $61 Million 1st Overall Draft Picks, 2006-2010 Contract Value $80 $70 $60 $72 $68 $54 $78 $57.75 $50 $40 By the Million $30 $20 $10 $0 2006 2007 2008 2009 2010 Mario JaMarcus Jake Long Matthew Sam Williams Russel Stafford Bradford 1st overall draft picks • The number of money given to this player over the years has grown each year. • Whether or not the player meets expectations the money is still handed out to these players hoping it will keep them at a certain team and make them play better. Conclusion • Are NFL rookies overpaid? • Do they really need meetings on how to spend and save money? • Are there Rookies that live up to their hype and earn the money given to them? Conclusion • Yes NFL rookies are overpaid. • Yes they need counseled on how to spend their money to insure they don’t go bankrupt. • And of course there are rookies that actually live up to their hype and earn the money given to them.
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