OT- Nebraska's Starling drafted #5 by KC Royals
He still plans on enrolling at Nebraska in July per Adam Rittenberg. But thats an awful lot of monelyy to leave on the table. Nebraska's QB depth is scary and they need him. If it were me, I'd take the money to play a sport where I'm far less likely to get injured severly
Idaho Wolvie- One of my good friends from college (Indiana grad here) is the assistant GM for the Chukars and I went out there to visit him two summers ago. Melaluca Field is a good time on the non-mormon (read: no drinking) nights. You live in IF?
According to the article written by Brian Bennett (the new guy helping Rittenberg), Starling has an agent (Scott Boras). Do the rules change for multi-sport atheletes with agents and stuff? Is he ineligible for baseball but not football?
http://espn.go.com/blog/bigten/post/_/id/27589/tough-decision-awaits-bu…
He's still eligible in baseball too, and plans to play per ESPN. The article I read yesterday says the "advisor" crosses the line when he enters contract negotiations.
I read the big story about him on ESPN yesterday. I'll say the same thing about him as I will about Luck last year: I could never leave enough money on the table where I could be set up for life when there's a very real chance of getting very hurt.
ESPN was saying his contract would be more like $5m (not enough to live on from 21-99) than Luck's 40-50 though. Still...
Not enough to live on? Without 1 penny of interest/profit it's over $64,000 a year for 78 years.
Properly invested? Plenty. And where is it written that this guy should never work a day?
is getting hit in the head repeatedly for free.
Until another 2008/2009 happens and the principal is shot. My point was that, if Luck wanted to (and now Starling to an apparently lesser extent) they could secure their entire financial future and are now taking risks that might adversely affect that. That's not a choice I could make.
I would work if I were set up and out of baseball/football, but the not having to worry about money would be priceless, IMO.
After taxes, less than that.
If you live like a regular joe and invest your money, that is plenty to have a decent life on. Now he can't afford to have 3 houses, 5 cars, and an pay his friends to hang out with him, but seriously that is being given a lifetime of money in a short span. Very difficult to not take the money and play. No matter what else happens he has already been a success by most defintions of the word.
I disagree. Maybe an MGoInvestmentBanker can correct me, but the way everyone lost in 2008/2009 could destroy, say, half of that and he's looking at 30k a year from then on out. It's enough to definitely supplement his income for life, but I don't think it's enough to count on living with.
This would be true for people who were either too heavily invested in corporations that went bankrupt (WaMU, etc..) or panicked and liquidated their investments, therefore eliminating their abililty to recover their losses during a subsequent market recovery. Market crashes such as the one in 2008 creates an opportunity for investors to earn a substantial return. It's not hard to look at GE when it was under $10/share and know it's undervalued. The most important thing you can do as an investor is properly diversify your money in a variety of both organizations and industries. Just my two cents though.
Exactly though, you would have had to both seen the writing on the wall (almost nobody did) and then make sound decisions later, which probably many people have.
I'm 21, if I came to you with $5m and told you I was unable to work again due to a freak football accident but that at least the medical bills were paid for (including future, for arguments sake), could you stretch that over the next 78 years and allow a decent standard of living?
Absolutely, and I think you would be hard pressed to find many financial advisors who would disagree. Almost no one will see the writing on the wall prior to market collapses, but that is the whole point of proper diversification. You can't predict, but you can prepare. A diversified portfolio can mitigate (not fully) market downturns.
I'm 23 and if you offered me $5 million with the condition that I could never work again, I would accept it in a heartbeat. Including market downturns, the real rate of return on the S&P 500 from 1950-2009 is around 7%. At 7.2% your money would double every 10 years.
even 21 year olds can figue out interest. If a person with 5 million dollars made relatively low risk investments (5% return wouldn't be unreasonable) that person would make 250,000 dollars per year on interst alone without ever having to touch his 5 million dollars.
When the guy said he could live on 60 some thousand a year that was without any interest at all. In other words he would prbably make more than the average american by doing nothing.
Taking a lump sum like that at an early age and being disciplined enough to make it stretch the course of a lifetime would be difficult though.
Wow Nebraska needs him badly, with Cody Green recently transferring. They need all the QB depth they can get, cuz i bet there's no way Taylor Martinez starts the next 3 years in the Big Ten.
he's going to sign.
I have no opinion which one he should choose, but he should choose one. He should look at Henson as an example of what can happen when you can't choose and try to do both. Henson said he was sure he would have at least been a first round pick if he would have just chosen football.
Joe Mauer or Drew Hensen?
And who knows, he's only 17 or 18 right, maybe he LIKES the idea of playing QB for a big named team. The lifestyle of living at UN is gonna be better than in Class A.
(BTW, on that point -- I have no idea, what's the reputation of how the Nebraska girls are? Are we talking Indiana or Iowa? I sat next to a UN coed on a flight from Omaha to Cincinnati, she was incredibly pretty and nice, just a perfect blonde. I'm not sure she's necessarily representative of the typical coed there, however.)
I live in the Kansas City area and one thing everyone has to remember too is that Starling is a local KC kid. There is going to be a lot of pressure from friends/fans for him to sign with the Royals to help turn the Royals around. It will be interesting to see what happens... there was no way the Royals were passing on him since he is a local prospect. My guess is that the Royals will throw enough money at him to get him to sign.
they wanted a pitcher who would get to the majors quickly (they have a wave of awesome prospects nearing the majors and believe in this stupid theory that it's best to have all your awesome prospects reach the majors at once), but all those guys were gone by the time the Royals picked.
I think there's pretty much no way the Royals would have taken him if they weren't pretty sure they could have signed him. The industry consensus on Starling is that he's going to sign (even though he'll probably do it at 11:59 on the last day). A couple other guys have fallen like crazy in the draft due to signability concerns (Derek Norris, Josh Bell), but Starling's Nebraska commitment wasn't scaring anyone off.
The $5m is just a signing bonus. He would make an annual salary on top of that, and assuming he makes it to the majors in 3 or so years he would be making millions. Then, after his contract with KC runs out, if he's actually any good, he'll sign elsewhere and make into the tens of millions.
What's going on with Nebraska QBs should make those who think Michigan shouldn't take a QB this year because of Morris next year, think twice. There's a reason Michigan takes a QB every year. Because you don't want to be in the situation where a ton of transfers leaves your depth scary thin.
I personally like Taylor Martinez but I do not think that he is going to be a very good Big Ten QB. He will win his share of games because he plays on a better team as opposed to those he will see in conference play in the next year or even two. His situation was much like Denards last year being a stud the first 5 games and then through more difficult competition and injury his play seriously fell off.
I see TM as a stop gap kind of guy to make Nebraska "good enough" for now. If Bubba comes in and Polini wants a more traditional offense with strong running game and down the field threat I would bet 5 bucks that TM would play this year and then be eclipsed by Bubba after a year.
Pure speculation -
What if Shane Morris were coming in this Fall and DG was not here (much like Nebraska will deal with this year with limited QB depth). You can't tell me that if Denard struggled atleast a bit that Hoke wouldnt be tempted to start the future now, and certainly next year if Morris were to show what he is capable of in the off season. FWIW I think that Denard has a much higher sealing than TM and will do just fine, just some speculation
he was still one of the very best players in the Big 10.
Start a true freshman QB instead of a junior returning Big Ten Offensive Player of the Year. Good plan.
Might want to change your name from BlueIQ if you're going to spell ceiling "sealing."
Yes I spelled Ceiling incorrectly, by bad.
Secondly, might I suggest that you read the post, and those preceding before you ignorantly comment on something that was not in the post. I’m not saying we should start a true freshman.
Thirdly, I put in the post several times that this was speculation . . . pure conjecture, and simply thinking of the “what if” situations that theoretically could have occurred if we were in a different position with our QB’s. If you would have taken the time to read the previous posts that dealt with why it is necessary for us to take a QB this year then possibly you would have figured that out. Even though Morris is a probable 5 star kid depth is always a necessity and must be made a priority.
As for Denard I am fully aware of his contributions and outstanding talent, and his being voted the Big Ten Off. MVP by the Chi Trib.
Denard was MVP in a completely different offensive scheme where he routinely sacrificed his body to give us a chance to win, that changes with Hoke and the new scheme. He was MVP because of his stats not his wins. That sucks but it is what it is. In order to get those stats he ran the ball 25 times a game and was almost dead at the end of November. I think that he has the ability to be MVP again and hopefully more awards ie: that award in NYC. If Morris were coming in this year and was the man, and Denard’s struggles were significant Morris would get some chances, but probably not the starting job. However, if in the off-season Morris progressed and really came of age then it would be completely in the realm of possibility that he would start Sophomore year over Denard. Again it was all speculation on if our situation looked like Nebraska’s.
Much like MgoDC’s(I hope I spelled that right) ability to deduce the context of a stream of posts instead of just one sentence, RR and staff are gone. I hope that Denard is successful this year in an offense that promises to be very different yet exciting.
Please read posts, plural.
"What if Shane Morris were coming in this Fall and DG was not here (much like Nebraska will deal with this year with limited QB depth). You can't tell me that if Denard struggled atleast a bit that Hoke wouldnt be tempted to start the future now, and certainly next year if Morris were to show what he is capable of in the off season."
You state right there that you think Hoke would be tempted to start a true freshman QB over the junior returning starter and Big 10 Offensive Player of the Year. Thus my conclusion from before stands, you're an idiot who can't come up with reasonable hypotheticals.
you love men . . . Behind you
The Royals were our worst scenario as far as Bubba playing for NU.
And yes, we are very thin and young at scholarship QBs--only 3 plus Starling would be 3 freshman and 1 sophomore, with 1 already converted to WR. Have a walkon sophomore and another walkon freshman coming in.
A guy doesn't get picked in the top 10 if teams aren't really sure he's going to sign. Starling is signing to play baseball, the only question is whether the Royals buy him away completely and make him a full-time baseball player, or whether he does the Ricky Williams thing. With him being a top 10 pick, the bet should be on the former; the Royals aren't giving him 5 million with any chance of him getting injured on the football field.
He is represented by Scott Boras. Boras will demand too much and the Royals will let Starling play in college and hope he eventually fires Boras.
because they're smart enough to realize that a 5-6 million dollar signing bonus for a draft pick is a much better investment than spending 50 million dollars on Aaron Rowand or Gary Matthews Jr. Refusing to deal with Scott Boras is one of the dumbest things a GM can do. His prospects are usually worth paying for.
If Starling does enroll at Nebraska, it's going to be to gain extra leverage in contract negotiations. He's going to play baseball and I'd put the odds of him ever playing in a football game at less than 1%.
Ah, couple of my favorite teams: Go Royals! Go Blue! Bubba, KC needs you!