I was looking over the net worth of a specific baseball player and it says his net worth is between $6 million-$15 million. But in the same article it says he earned $51 million playing four seasons in the majors. If he earned $51 million how is his net worth $15 million max?
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Your net worth isn’t your income, it’s your combined savings & assets minus debts. It sounds like your guy spent a lot of money, which is hardly unique to professional athletes. Also net worth is actually difficult to nail down without privileged access to a person’s taxes and financial records, so these numbers are often little better than conjecture.
I don’t know what the maximum agent cut is in MLB, but in the NBA it’s 4%, in the NFL, it’s 3%. Endorsement contracts will earn the agent more, but that’s kind of free money from the athlete’s perspective. I promise you whoever landed Tom Brady’s Hertz deal go a very sweet payout.
At 6 to 15 million dollars, he’s got enough money to live a perfectly high standard of living, never work another day in his life, and still see to the financial stability of his family. I wouldn’t weep bitter tears over his plight.
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