Categories: The GM's Suite

Money Matters: NFL Player Lives Off $60K Yearly Budget

The average person has a hard time putting together how professional athletes blow through millions of dollars, only to end their professional careers broke.

One member of the Detroit Lions has set a plan in motion that he hopes will work in his favor financially for the long run. Over the past three years, wide receiver Ryan Broyles and his wife Mary Beth live off of $60,000 per year, despite the fact that Ryan signed a rookie contract in 2012 worth more than $3.6 million as a second round pick.

The rest of his money has gone to investments, retirement savings and “securing Broyles’ post-football monetary future.”

Broyles and his wife drive Mazadas – he just recently bought a new one – and purchased their first home in Texas.

The average NFL career lasts 3.5 years, with an expected income of $6 million. Broyles has the right idea.

 

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Jill Munroe

Jill Munroe is a Los Angeles-based host, producer, and writer. You can find her work on sites such as FoxSports.com, EURweb.com, and MSN.com. Munroe is a current member of the African-American Film Critics Association and the National Association of Black Journalists. Munroe has also been a frequent guest on ESPN radio and Yahoo Sports. In 2015, Munroe released her first book, "PostGame Pass: access into "the life" JillMunroe.com

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