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Quickness signs NFL contract

Now comes the hard part Welcome to the 1% – “To the extent that Rams rookie receiver Brian Quick has anything in common with Terrell Owens, here’s where the similarities end: Quick is under contract with an NFL team. Quick will be in line for a four-year deal worth a maximum of $5,386,601 under the slotted system for signing draft picks.”

27 Comments

  1. ceeez

    June 13, 2012 at 3:23 am

    Open a savings account

  2. App Band

    June 13, 2012 at 4:04 am

    Way to go, BQ! Proud of you!!!!!

  3. A.Freeman

    June 13, 2012 at 4:08 am

    If he is smart, he could live off interest the rest of his life.

  4. tim

    June 13, 2012 at 5:39 am

    Congrats BQ!!! Now please don't end up like TO or Dexter Jackson for that matter. Be smart with your money and who you let handle it!

  5. AppOrange

    June 13, 2012 at 6:04 am

    Mr. Quick, the YOSEF Club is on line 2 . . .

    (I hope)

  6. MIDWEST

    June 13, 2012 at 6:55 am

    Awesome. Let's see…now that BQuick is part of the 1%, do you think he'll buy a new car, a new house, a new watch, maybe a few other items??

    Now what about those people who make and sell those items? Oh, I guess they earn extra money as well.

    Funny how that liberals never get the whole picture of how the economy truly works.

    Congrats BQuick! Thanks for stimulating the economy!

  7. neato

    June 13, 2012 at 7:20 am

    what was his signing bonus

  8. ASU-LAW

    June 13, 2012 at 7:26 am

    I'm sure he gets a nice signing bonus.. I would be curious to see the details of his compensation. I am sure he will spend a good bit up front for a house, new car, etc… which is cool, I just hope he makes wise business decisions in where to spend his $…

  9. A.Freeman

    June 13, 2012 at 8:25 am

    He said he will rent an apartment at first. Dont blame him, till he gets settled in.

  10. bcoach

    June 13, 2012 at 9:20 am

    I would be very careful with that money for a few years. What if you get cut after a year? Injured can't play any more. Well one year is 1.3 then taxes take that down to about 675 and today 5% return would be ok and that would give you $33k b4 taxes. Take care of your money young man. Renting for a while is a very smart move. You can get a pretty nice new car for $35k and it will get you there just as well as a $65k car will. Football is not forever and sometimes not for next year. If you last for 10 years but act like this year is your last just think about what position you will be in at that time.

  11. MIDWEST

    June 13, 2012 at 11:30 am

    Maybe B. Quick should invest his money…you know with Bain Capital..to help start new businesses. Oh no, that would be so evil to help fund someone with a brilliant idea working out of a garage.

    Nobama.

  12. MikeM

    June 13, 2012 at 1:09 pm

    the $65k car gets you there better than the $35k car. it just does.

  13. appthunder90

    June 13, 2012 at 1:29 pm

    not if it is a 2012 camaro ss!

  14. bcoach

    June 13, 2012 at 2:55 pm

    It just does? You work for the government?(:

  15. Sway

    June 13, 2012 at 4:30 pm

    Kassouf made first team all american! Congrats!

    http://www.wral.com
    Go to the sports section…

    Him, Rodon from NC State, and some tarhole made it.

  16. Murray

    June 14, 2012 at 1:46 am

    Hey Quick, please pay Appalachian back the schoalrship you received.

  17. MikeM

    June 14, 2012 at 4:05 am

    and I'm here to help 🙂

  18. Gwaltineer

    June 14, 2012 at 4:36 am

    I am glad that there is zero chance of BQ looking to this blog for financial advice.

  19. carbine

    June 14, 2012 at 5:28 am

    His agent will take a sizable cut of his income, as will Uncle Sam and the state of Missouri. He might feel rich at first, but a million dollars ain't what it used to be, and I don't think it's going to be that easy to find a reliable 5% return in this economy. And whatever return he gets will be taxed also. The problem so many young athletes get into when they sign their first deals is that they think they are rich, and relative to what they had before they are, so they spend accordingly. But they aren't nearly as rich as they think they are, and haven't developed the skills to say "No" to family and friends, and would-be friends, because they've never had anyone ask them for money before. The worst of it is that in many cases there is no one in their lives who really have their interests at heart and the knowledge and skills to protect them.

  20. Jamey

    June 14, 2012 at 6:45 am

    $5.5 million can go a long way for an NFL star, just ask some of the geniuses already in the league.

    > $2.4 million – Home #1

    > $1.3 million – Home #2

    > $1.2 million – Investment in that bar & grill you know nothing about running

    > $150,000 – Car #1

    > $95,000 – Car #2

    > $50,000 – ICED OUT

    > $15,000 – Babay Mama #1

    > $12,000 – Baba Mama #2

    > $11,000 – Baby Mama #3

    Luckily, I think Brian will much smarter when it comes to his finances.

  21. mark

    June 14, 2012 at 7:38 am

    The main goal of any working family is to live below their means.. Little debt = long term reward

    If you make 70,000 a year live as if you make 50,000 or less. It is very simple..

    Good luck Quick!!!

  22. Murray

    June 14, 2012 at 9:23 am

    Hey Jamey,

    It just depends which "head" he is thinking with.

  23. carbine

    June 14, 2012 at 1:40 pm

    In other ASU-NFL news, Armanti Edwards had a good day at the Panthers' minicamp today. Working with the second offense he blew past a cornerback to haul in a TD down the sideline and had a couple of other circus catches. It appears from that practice that there is quite a battle going on for the 3rd wide receiver spot, with Armanti in the thick of it but not there yet.

  24. carbine

    June 14, 2012 at 1:41 pm

    Oh, and he split the punt return reps with the guy we drafted this year to handle that job, altough Rivera has made it clear that the new kid (Adams) is expected to be the PR.

  25. Flip

    June 15, 2012 at 4:55 am

  26. Big Dave

    June 18, 2012 at 6:25 am

    Dear Brian,

    Do not let your agent handle your money or a family member. Remember that $400,000 will go to the agent, leaving you $5 million. Tax will take another $2.0 million. $3.0 million after taxes and expenses. Assume that this is all the money you will ever get. Rent a modest apartment in St Louis. Buy a reasonable car. Do not buy some variable insurance product with high fees. NO private investments, Nothing retail or in the restaurant business. You will have to live off the money you make. Make a budget. Set limits. If you are lucky enough to get a big contract in year 4 THEN you can help the family out and take a little risk……………… And living off of $3.0 million? It's not as easy as you think. 5% gets you $150k pretax and you still have market risk. PLEASE BE SMART BRIAN!!!!!!!!!!

  27. Big Dave

    June 18, 2012 at 7:13 am

    Just read Bcoach's reply. We're on the same page….In a previous life I watched my bank forclose on a 10 year NFL vet's home and a couple of others pay more child support that I made income. It absolutely breaks my heart to see players get taken advantage of and money pissed away. I believe the NFLPA needs to mandate forced savings for players beyond what the meager sum that is contributed into retirement fund. Armanti I hope you are paying attention too………

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