Edyoucore Loved Beast Mode Breaking it Down for his Ballin’ Brethren
January 15, 2020
By Drew Hawkins
This blog post was also published by The Shadow League
Marshawn Lynch – aka Beast Mode to his teammates and fans – dropped some wisdom on us all (as only he could) in a presser following the Seahawks vs. Packers NFC divisional playoff game. Edyoucore couldn’t have loved it more because it’s at the core of what we aim to do every day: Drop financial knowledge.
Beast Mode expressed brotherly concern for the younger ranks of the league to get their finances straight because, as he so clearly said, “So when you’re ready to walk away, you walk away and you be able to do what you want to do.” He can say that from experience because until the Seahawks summoned his skills for the last three games of the season along with the divisional face off against the Packers, he walked away twice and “…it was good when you get over there…”, Lynch said.
“Take care of y’all bread, so when y’all done, you can go ahead and take care of yourself.”
Marshawn Lynch used his time at the podium to give advice to younger players pic.twitter.com/p5poQZA2cq
— SportsCenter (@SportsCenter) January 13, 2020
The call out for his teammates to pay some mind or start “adulting” when it comes to their pay (in addition to their mental and physical health) should be heeded in a big way since Marshawn has major cred as proven by his own finances. Some sources claim that his net worth is the neighborhood of $30 million but that actually could be very low since rumors are that he lives primarily off his endorsements. In 2016, NFL Network’s Ian Rapoport laid bare that Lynch had earned a total of $50 million over the course of his career by then and had not spent a dime of it. Three years later, who knows how much that has grown.
What we do know is that Marshawn’s bounty will expand again after his $60,588 check for doing his thing in the divisional playoff game clears. Seems like crumbs when compared to his lifetime earnings BUT if he does with that what he has done all along – play it smart and conservative – that could mean much, much more.
Just for fun, let’s say that after taxes he takes home roughly $39k and invests that in the market for the next 32 years to get him to the traditional retirement age of 65 (which certainly won’t be the case as he can lay back and take it easy today!). At an average annual return of 8%, compounded for those 32 years, he’d amass a little less than $500k. Oh, and by the way, he also designed some merch to celebrate his retirement break out – those sales will only add to that number. Who wouldn’t take another half mill and then some? Maybe those still playing in the post season?
The players on any one of the four teams battling for the final two spots in the Super Bowl should be thinking hard about just how they’ll bank the coin that could potentially roll their way. For those that do make it to the big stage in a few weeks, the checks they have collected along the post-season path will equate to nearly $250k, that’s four times what Beast Mode got. And, for a rookie that could be 50% of his pay. To that, I challenge them: WWBMD? What Would Beast Mode Do?
While Lynch is headed back into retirement (again), there is no arguing that he is as wise as they come and his financial wit will continue to pay off for him. He is in the minority, however, because 1) he has been lucky to out run the league average of 3.3 playing years with his 12 – affording him the lengthy earning ability and 2) He had respect for his money knowing football was not forever.
As a man known for his quotable remarks while trying to famously avoid the media, we thank Marshawn for what I would guess could be his last words to the press. He chose to literally use his platform as an opportunity to help his teammates one last time by giving the gift of seasoned and sage advice.
He spoke truth, 100%. I really hope they were listening.
July 19, 2021
NIL: Is it a Lifeline or Losing Proposition for Student Athletes?
As both states and colleges wrestle with the implementation of NCAA rules changes that now allow student athletes to make an income from their Name, Image and Likeness (NIL), a much larger question is coming to the forefront: What role will those states – and, more importantly –the educational institutions play in equipping their student athletes with the knowledge base that will most certainly be necessary to ensure the power of their earnings is fully realize?