The point I was making was that Jack could retire right now. He probably has more than 7 million saved up, if he's been smart with his money. Even with a very conservative 3% return annually, he'd be getting 210K per year for life. Enough to live a fairly luxurious life until he dies
Hmm 7 million saved? Are we counting home ownership and assets as savings or actual cash in markets to get the implied interest revenue.
I'm going to assume you mean the second one.
Let's assume he got no side cash to go to BU.
Dot will know better, but I believe Eichel missed all of his bonuses on his elc. So roughly his salary was 1 a year, looks like he hit a 265k bonus in year two.
With agent fees and taxes that means he takes home roughly half. So 500k a year. He probably spent a ton of that in his first year or two. Jack dresses well in his public interviews, and I could easily see him spend 50k on clothes, shoes, jewelry or fancy accessories, tech related.
I don't think it's been a public thing, but I assume he bought himself at least one moderately high end vehicle. Lets call that 75k and likely a family member or friend, add 25k.
Again no specific info, but I would guarantee that Jack took care of his parents mortgage, they seem to have a good relationship and c'mon he's a good guy. Let's guesstimate that at 100k.
Pro athlete costs of personal trainer, summer ice and a chef could easily hit 10-20k a year.
His own cost of living, Free with Moulson for a while, but allegedly the townhouse he moved to last year was around 750k. Let's assume he financed and put down 100k. Factor in another 20k in dining out with the boys, cuz almost none of these guys are eating home made meals, particularly the single guys.
Roughly 400k in low end guesses on his cost of living, with some of that being reoccurring costs, so it's probably closer to 550k from his rookie year to now, bare minimum.
None of which factors in vacations, filling a house with high end goodies, property taxes, insurance on himself and his contract, upgrades on vehicles over 5 years.
Let's tack on an extra million in expenditures. And screw it let's say he bought that townhouse in cash. Let's bump it to 3 million spent on non-investments.
That should leave him after jis final paycheck this season around 6-7 million of jerk around money.
Damn it's good to be an elite paid athlete.
