Wow.
Let's pretend that I was given such a contract.
102 Million.
No wait. That's even too much to comprehend. Let me just deal with the signing bonus: 25 Million.
Lets assume half goes to taxes (I would try to avoid this, but I am going to play it safe with each number.)
That leaves me just over 12 million. I would give 10% to the church, (this is not a legalistic thing--just a good idea) so after taxes and giving, that leaves me 10 million dollars.
Half a million would go to paying off student loans and mortgage. Hmm. Never mind the mortgage. I would move. But I wouldn't go crazy--I would probably buy a condo. So lets put aside a million for all for all of that (I am assuming that I stay in Buffalo).
9 Million to Go.
4 Million gets invested, and I budget myself to live off of 5% of the fund each year. I know that I COULD spend more and still make it for life, but my house is already paid for, as is my education, so my $200,000 a year will go pretty far.
$200k allows me to drive a nice car, eat out whenever I want, go to the shows/concerts/games I want to, and get cable. I can probably switch to mac now, too--and get an iphone!
Wow. 5 million to go, and I am already set for life (and this is just the signing bonus, mind you).
Let's designate another million for gifts. I could probably be generous from my budgeted salary, but now Dad gets a new motorcycle, and Mom gets a luxury car and a vacation. (They might not take these things--I think they could buy them if they really wanted them--ditto houses and stuff like that). Janelle's family gets in on it, too. As do my friends. Estrip gets whatever server it needs.
4 million to go.
1 to Wittenberg University, and another to Palmer Seminary.
1 million to opportunity international, one of the better micro-enterprise groups.
1 mil for Janelle to designate. I probably should have consulted with her on all the other stuff, but she gets to live off of the investment returns and all of that anyway.
And this is all imaginary. I don't throw a football that well.
So there it is: what I would do with a quarterback's signing bonus.
(and I still would have another 77 million in salary to deal with, plus what I would make in endorsments)
Wow.
I would hire a maid, too. I hate doing laundry.