Any of you sports fans out there know about Andrew Luck’s decision to stay at Stanford for his senior year in so he could play one more season of college football before going pro.
There’s been some discussion about how someone can risk tens of millions of dollars just to play one more year and finish a degree he’ll likely never need (or at least one that he can always get later).
Frugal Dad mentioned it in his roundup and Squirrelers took a close look at his decision and just how much he left on the table.
However, they forgot to mention a few things:
1. High quality NCAA student-athletes can take out insurance policies to protect them should they get injured prior to entering the NFL.
Coastal Advisors is one company that provides this type of insurance, and according to Sports Illustrated’s Jim Trotter, a $10 million tax free policy for Andrew Luck would cost around $100,000.
2. Andrew Luck comes from a family that is well off.
His father is the athletic director at West Virginia and supposedly makes $300,000 himself, so if Andrew Luck never played in the NFL, he would still receive plenty of money and that should not be a major concern. When you’re set, you’re free to be happy and do the things you love. Clearly playing his senior year at Stanford is pretty important to him.
3. There is the possibility of a lockout next season, in which case Andrew Luck would sit around doing nothing.
Like all NFL players, he would sit on his couch instead of being with his friends playing football. In addition, a new collective bargaining agreement could mean that he won’t get $50 million guaranteed that Sam Bradford, last year’s top draft pick, got.
From a mathematic perspective, which would you rather have: Being able to play one more year in college, with a 1% chance of getting seriously injured, and if you do, you receive $10 million tax free, or a guaranteed $30 million dollars, on which you’d have to pay taxes and sit on the couch for a year (he could, of course, finish that degree, he just wouldn’t be eligible to play football at Stanford). The decision is starting to get a little hazy, right?
Taking all of these factors into consideration, clearly Andrew Luck wasn’t simply deciding between playing college football and going to the NFL. He wasn’tÂ turning down a crazy amount of money just because he wanted to get his degree. He had an important decision to make and there were many factors that contributed to his choice.
Readers, given all this information, what do you think of Andrew Luck’s decision to stay in college to play his Senior season, earn his degree, and proceed to the NFL afterward? Is he crazy for leaving money on the table? Or will he be secure enough that his decision is warranted.