Ryan respects Goodell's point on rookie contracts Print
Written by Admin   
Tuesday, 01 July 2008 14:45
NFL Headline News

 Matt Ryan isn't apologizing for benefiting from a system that allows top NFL draft picks to receive massive contracts. Even so, he appreciates where Roger Goodell was coming from last week when the commissioner questioned paying millions in guaranteed salary to rookies who have yet to play a down in the league.
``You can also understand the other side of it, the concern of veterans who have been in the league 10, 12 years and proven themselves but not seen the money,'' Ryan said in a phone interview Tuesday. ``I can understand both sides.''
The third pick in this year's draft, the quarterback signed a $72 million, six-year contract with the Atlanta Falcons that included $34.75 million in guaranteed pay.
All that money means first-year players need to quickly develop a lot of financial savvy. On Monday night, Ryan and his fellow draft picks participated in a presentation by Visa about credit scores during the NFL Rookie Symposium in Carlsbad, Calif.
Ryan said players were chatting afterward about the concept of assets vs. liabilities - how some purchases, such as a house, generate wealth, while others decline in value over time.
Most people can afford to make some financial mistakes early in adulthood because they'll have a long career and their peak earnings won't come for a couple of decades, said Lisa Withers, Visa's national financial literacy educator. But for professional athletes, there's little room for error, since their highest incomes may come for a few years in their early 20s.
Withers was impressed by all the hands that flew up around the room as she gave her 45-minute presentation to players Monday. At the end the rookies were divided into two teams, the Patriots and Giants, to play a game to test their financial knowledge.
``They were talking smack back and forth just like if they were in a football game,'' she said.
Withers emphasized that a low credit score can burn a player no matter how much money he makes. Veteran quarterback Drew Brees learned that the hard way early in his career. In a phone interview Tuesday, he recalled how he failed to pay a cell phone bill and it went to collections.
``It took me my first couple of years in the league to learn through experience,'' he said.
 

NFL Team Pages

Top NFL Public Bets

#1 453 Dallas Cowboys 88%
#2 467 Indianapolis Colts 81%
#3 460 New Orleans Saints 79%
#4 302 Atlanta Falcons 75%
#5 462 Cincinnati Bengals 74%
#6 463 Baltimore Ravens 72%
#7 471 San Francisco 49ers 72%
#8 457 Houston Texans 71%
#9 479 Chicago Bears 69%
#10 478 Carolina Panthers 66%
View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

NFL Futures

NFL TEAM CONFERENCE ODDS CURRENT
DENVER BRONCOS 8/5
SEATTLE SEAHAWKS 12/5
NEW ENGLAND PATRIOTS 4/1
SAN FRANCISCO 49ERS 11/2
GREEN BAY PACKERS 7/1
CINCINNATI BENGALS 7/1
PHILADELPHIA EAGLES 8/1
NEW ORLEANS SAINTS 9/1
SAN DIEGO CHARGERS 10/1
CAROLINA PANTHERS 12/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com