This post was originally published on this site.
00:00 Speaker A
Well like bro, the difference if because you you was fifth round or sixth?
00:04 Speaker B
Sixth. I was sixth round.
00:06 Speaker A
So bro, the difference of six round versus a undrafted free agent is you say you made 190 sign and I think my boy Cope might have got like 5 10k sign and bonus, bro, as a.
00:15 Speaker B
And that crazy, and that crazy. It’s it’s drastic from round to round of how different.
00:20 Speaker A
I was about to say but first round is even more egregious.
00:23 Speaker B
Oh my goodness, dude, like, I think one, one of our teammate, former teammates at Wake, I don’t know, but I think like, I think his sign of bonus was like 14 mil or something crazy like that.
00:33 Speaker A
Yeah.
00:34 Speaker B
And you just like,
00:35 Speaker A
When they, when they did the hard knocks with um, obviously the Bears and Caleb, I think they was like, what’s your signing bonus? Bro said 20 mil. We damn.
00:45 Speaker A
That’s what everybody did in the audience.
00:47 Speaker B
Yeah, woo wee.
00:48 Speaker A
That’s crazy.
00:49 Speaker B
That video went hella viral. I say nah, that’s just crazy.
00:52 Speaker A
Crazy. I mean, surely, I get it though.
00:54 Speaker B
It’s crazy and it’s like where I was like, it’s crazy how you’ll sign a piece of paper.
00:59 Speaker A
Yeah.
00:59 Speaker B
Send it back, you’ll fax it back. That next day you’ll just have that much drop. You just like, whoa, for me like when I got my sign bonus, that’s literally how it was.
01:10 Speaker A
So say I’m like a computer scientist, right? I’m make 4, $500,000 a year, right? Then at the end of the year, I might get a bonus. But the crazy thing is I’m getting paid throughout the entire year 365, every two weeks, right? What’s crazy to me, and I know the average person don’t even understand it sometimes is y’all are getting paid over like what, 20 weeks?
01:25 Speaker B
Yeah, yeah.
01:26 Speaker A
You got the season and training camp. Like, help us understand that and most importantly, what are y’all doing in the off season when you’re not getting that steady check every week.
01:34 Speaker B
So, before the new CBA, uh before players would get paid for 18 weeks. So before uh 2020, players only got paid for during the during the NFL season.
01:50 Speaker B
Okay. So, initial, you only get paid for, like you said, 20 something weeks. So, back then, imagine you get all of your money in a span of six months, but then you got another six months that you got to budget out for. You know what I mean?
02:08 Speaker B
And um and now after the new CBA, what they what they did is they extended it to 36 weeks. And what’s really interesting, the reason why they extended it to 36 weeks was because a lot of players were having issues not being able to uh a lot of people were struggling to
02:22 Speaker A
maintain that lifestyle.
02:23 Speaker B
Yeah, maintain the lifestyle. People were basically going broke in like in a span of like three months after after getting their last paycheck, which is like kind of unbelievable. So the reason, so a big reason was for this 36 weeks to kind of expand the pay period and so people can have a better job of budgeting their money and stuff like that. Um,
02:51 Speaker B
you know, and it’s really, yeah, and it’s crazy, it’s kind of crazy to think about because basically, you’re getting paid steadily, you’re getting paid every two weeks, right? And then, and it’s so funny, I feel like every year is different when the pay peer is going to stop. There’s no, there’s no exact date every single year when it’s just like, your pay is going to stop. Because every team is different.
03:17 Speaker B
So every some teams can pay you week to week, some teams pay you by weekly, every team is different. So, it’s like every year you really don’t know, okay, when are when is that last paycheck going to come? It’s either going to come between like March, April, May, one of those times. Usually it’s kind of in between those three months, so it’s very inconsistent. But um but I think a lot of times too, like especially in the off season, I mean, we’re just spit, we’re just not spending, we’re saving as much money as you can because we know that we don’t have that income coming in coming in anymore.
03:51 Speaker B
You know, I’ve, uh for me, I’ve kind of realized and just kind of watching other people that like people tend to spend a little bit outside their means during the season because they know it’s consistent I’m getting that paycheck every two weeks. But then outside and outside of the season, usually those spend habits tend to diminish a little bit because you’re just like, okay, well, these checks are going to start are going to are going to start coming in here pretty soon. And granted to, got to make the team, do whatever you got to do again.
04:16 Speaker B
But yeah, you just you got to be a little bit more um, you have to be thinking a little bit more, thinking more ahead about what’s going to happen and you know, after the season’s over because you’re going to stop getting those paychecks. And I think that’s the most interesting thing because a lot of people think that you’re getting constantly paid like you get your whole contract and you’re constantly getting paid throughout the whole year and it’s like no, no, no, no, no, no, no, no. You’re getting paid for 36 weeks and then after that,
04:47 Speaker B
you got to make the team again and get your and get the other part of your contract. Does that make sense?
04:53 Speaker A
No, that make perfect sense, bro, and I think, you know, the average person don’t understand that.