I just wish he could play with a great QB. Oh well, at least he's getting paid.
http://profootballtalk.nbcsports.com...n-after-visit/
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I just wish he could play with a great QB. Oh well, at least he's getting paid.
http://profootballtalk.nbcsports.com...n-after-visit/
I'm curious about the terms of his contract. I'm guessing it was not for big money (although minimum wage ain't bad in the NFL). Getting away from the 49ers is probably a good thing, but the Jets might not be much better.Originally Posted by StrayDawg
Myles White is under contract with the Jets so maybe we'll get to see a duo I really enjoyed watching when they were at Tech together.
I'll definitely be watching more Jets games than I used to watch, especially if Patton and White make the 53 man roster.
To me its just good news that he's wanted after getting out of that hellhole in SF.
True dat!!
I'm happily surprised to see that QP is still hanging on as an NFL WR. However, I'm not convinced that moving to the NY Jets is going to help his career. Now that he's there, I'd like to see the Jets sign Tony Romo or another big time veteran free agent QB.
On the pay front, the NFL minimum for a 5th year player is 775K. So, if he only makes the minimum, he won't starve to death. However, he also won't be living large in NY city either.
https://www.spotrac.com/blog/nfl-min...-benefit-rule/
Does anyone know the taxes he'll have to pay in NY? With Fed, State and City tax combined, it's gonna be bad, real bad.
If he lives in NY. He could live in New Jersey. The Jets HQ is in Florham Park, NJ. They play at MetLife Stadium (in East Rutherford, NJ).
Yes. = A lot!
State Income Tax Brackets - New York
$79,600 - $212,500 6.65% $212,500 - $1,062,650 6.85% $1,062,650+ 8.82%
So here's how far 775K will go in NYC:
$ 775,000
<271,250> 35% Fed Tax Rate (assuming he has a few writeoffs)
< 53,088> NY State Tax Rate
<155,000> 20% commission Fee to his sports agent (this is purely a guess!)
$ 295,662 NET
So a player would have about 295K left over for all living expenses, travel expenses, child care, expensive tolls and parking in NYC, etc...
Heck, an Athletics Director in Ruston, LA isn't too far from that amount.
Closer than you think. An FBS AD typically gets free automobiles for him, his wife and his staff, and many other benefits.
HD,
Keep a couple of things in mind. There is a city income tax in New York City that would reduce this income even more. However, the NFL limits agent commissions on league salaries to 3%. An agent can earn a higher percentage on endorsement deals. I suspect Quinton will live in New Jersey near the team's facility.
Commission Limits
"An agent’s commission varies, based on the sport he represents. Generally, a sports agent earns between 4 and 10 percent of an athlete’s playing contract, though some leagues place limits on what percentage an agent can charge in commission. For example, the National Football League states that an agent can't receive more than 3 percent of player salaries. The National Basketball Association places the limit at 3 percent too. Major League Baseball and the National Hockey League don't have any limits on agent commissions, however.
If true, this is a real surprise. Frankly, I don't know why anyone would even bother representing a player like Patton making the NFL minimum (of course we are making an assumption on his salary here.) You're saying the agent would only be paid $23,250 (3%) on a 1-yr contract worth 775K? That's terrible money. By the time an agent negotiates the deal, hires (or pays the lawyer) to draw up the contracts and revise 'em a few times, and then picks up a few dinner and travel expenses --that agents typically absorb-- this could be minimum wage work.
No thanks. I can find a lot of ways to make 23K faster than that.
https://www.youtube.com/watch?v=MFV1biHrOBU
How many hrs did his agent spend to make that 23K? I can't make that kind of money that fast. He probably spent 30-40 hrs total on it.
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