Shannon Sharpe & Chad Johnson talk going broke in early NFL careers | Nightcap
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- Опубліковано 14 кві 2024
- Shannon Sharpe and Chad "Ochocinco" Johnson discuss their early money issues when entering the NFL and give tips on how to build wealth.
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No more waiting until morning. Nightcap is the new nighttime sports talk destination with legends Shannon Sharpe, Chad “Ochocinco” Johnson, and Gilbert Arenas. Hang out with Unc, Ocho, and Gil as they give their unfiltered takes on the latest headlines from the NFL, NBA, and college football, and give their instant reactions to the biggest games moments after they end.
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This shit applies to us middle class tooo damn crazy!
Ain't that the truth!!!! What's on paper is totally different from what it really works out to be.
MIDDLE CLASS S A MYTH..INFLATION IS AT A ALL TIME HIGH..
@@xxmoniquexx1966 That’s why I calculate net pay whenever considering a job opportunity. Gross pay means nothing.
🎯🎯🎯🎯
@@mrwhodatallday504 ⚜️
Chad and Unc are telling it like it is! This is a lesson for ordinary Americans as well!
Exactly jobs will just fire u and jobs close in a blink of a eye
@@allenwinters8103 facts so true
Money is a lie to get people into buying things that are worthless!! Jewelery,cars,ridiculous mansions when you could have owned multiple properties and improved your own communities. But nah its cool just move to the big city and jump in the rat race
Man I'm blowing that bag I ain't gone lie. Life wild as it is.
"I'm not going broke fkn wit you" Sterling wasn't playing 😂
😂😂😂😂😂
Powerful!!
Exactly. Because his brother is his idol. That woke him up
Bravo to Unc and Ocho for talking about this. This stat is from Google: By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress; within five years of retirement, an estimated 60 percent of former NBA players are broke. By shedding light on this subject, hopefully fans and players will realize just how serious it is to learn the discipline that Ocho was talking about.
Man the NFL and NBA been around too long for players not to know the reality after the game. Only solution I would recommend is due to irresponsibility is a percentage of the players check being held until their retirement day so they can have that and a pension.
@@MrDiplomatSwagIf players would use their first big contract and buy land with a quarter or half of whatever they entire contract is, just let it sit and forget about it by the time they retire I’m sure it would have appreciated they could keep it or sell it.
Yes to both of these brilliant comments! ❤😎
You have to talk about it and Chad is a great spokesperson for this along with Unc. These players need a pension/retirement taken out of these checks! I am retired and healthcare is very expensive! I am driving a 2008 Honda Accord! How many cars and houses does a person need? As you get older, your health will become more important to you!
Can’t blame nobody but the person
The NFL allows bad agents to represent players. Watch the 30 for 30 'Broke', shows the whole gamut.
30 for 30 broke is an excellent documentary.
That was awesome and an eye opener.
Agreed!!!
Andre Rison was told by the owner of Atlanta falcons when he was there live like a king for a day& a prince the rest of your life,Andre didn't listen end of his career owing the IRS 400k.
Thanks bout to watch
I respect Shannon for being a provider for his family 👏🏻👍🏻
Shoutout to Dennis Northcutt for looking out for Ocho! For a division opponent (he was a Cleveland Browns receiver) to take the time and effort to look out for another receiver is amazing. You’re a real one 💯
🐻⬇️
Facts
It’s a brotherhood. Dennis didn’t make a lot of money either
These are the stories we stay for 💯
Church !
I see why Chad Soo frugal he learned his lesson early in his career and he been good ever since
He been smart man he understand NFL stands for not for long so if they don’t invent or save they in big trouble
Yes tae5257! A lot of Cars, clothes, shoes, jewelry, houses plus family and friends on your back will keep you broke! Having children with a bunch of women who do not have your best interests at heart will guarantee that you’ll have less!
Chad learned the lesson early!
@@Fruit17-ip4vl Yeah I agreed man
@@Fruit17-ip4vl bruh even smart people like doctors and lawyers. i know two doctors that just got they first job out of residency and bought Mercedes and new house.
@@Fruit17-ip4vlheard Dennis Rodman would spend 10 grand a night partying.
You were my Masterclass today! I teach HS Business courses and for my football players who will not complete school work because they say they don't need to know about taxes, financial literacy or business operations. Thanks for emphasizing discipline in finances which they dismiss its relevance. "How you do some things is how you do everything". Thanks for making my business lesson relevant today. I sincerely appreciate you two.
You have to make some clips of this and play it for them
Dumbest thing I ever heard. My high-school classmate was the late Philip Lutzenkirchen. (RIP).
Even after winning National championship with cam Newton at auburn he had a hip injury. No nfl team if paying max contract of you injured rookie.
They won't need the education right?
I wish more young Black men knew about the power of COMPOUNDING INTEREST.
When you put away a large amount of money and don't touch it for an extended amount of time, every year of earned Interest adds on to the previous year and expands exponentially! 📈
We understand it, most young black men are just functionally broke. Saving all your money and cutting lifestyle expenses when you’re young negatively affects your potential dating options in the short term in a major way, that’s the main reason why young black men don’t do it.
If you think you’re gonna live in a lower end apartment, drive older cars, have just a decent wardrobe, not spend a lot traveling and actually keep a pretty black girl around you can freaking forget it.
The average income and the societal expectations from young black men are severally out of whack based on the economy. The majority of the black youth are not growing up in traditional homes and that’s why everything is so toxic in the dating pool.
We understand that you’ll be rich by the time you’re old if you save almost everything, but then at that point you’re just a rich old trick.
@@MrMan-fx3owthat is the basis of why black men date outside of their race. The nuclear black family has been ruined by media but the black man has always been valuable in the eyes of most women. I have always been frugal and earlier in life the only attention I got was from white or Asian girls. Now I’m older and have a great career and own my home outright and make a lot of money to travel and now black and Hispanic women look my way at the same clip that other races do. It is a shame really because one of my first girlfriend was a ride or die chick and was with me when I was just getting started and she is Asian
Y’all so obsessed with race in America is insane
@@boogy1033 our origins are slavery dude, it wasnt really up to us. Are we supposed to pretend like we don’t have a higher chance of being killed by the police just so you’ll like us more?
@@boogy1033 It’s not insane at all. We have alive grandparents who couldn’t walk on the same side of the street as whites in their youth. That means race was a big issue in recent history. It’s ingrained in our identity.
Best podcast ever… plse do more of these you hv no idea how many ppl need to hear this! Financial literacy n also financial discipline
“Family over everything. And I don’t play about my family.” Unc a real one
Like how he said family told his brother and sister don't worry about money I got you😢 real man family man
“I’m witcha when you right”😂
“I’m not going broke f*cking with you.” Tough 🤯❤🔥👏🏿👏🏿
Shannon is dropping SO MUCH financial knowledge here. He invested 1/3 of his earnings and didn’t touch it for 20 years. That compound interest had to have been crazy.. He was probably making 70-100 k a year just off interest towards the end.
He also pays taxes quarterly.
His agent embodied the “Richest Man in Babylon”
This segment is pure gold. The lessons of fiscal responsibility and not seeking to impress others is worth revisiting. Shannon's agent gave him some precious money saving advice.
💯
My brother in law played with Ocho in Cincy.....he's telling no lies right now. Good on you Chad!!!
Tell him let me get an autograph 💀
@@Bigwes91 .....my brother in law? Sure! Lol.
@@ferrynpalmer3875 yeah I’m a Bengals fan lol
@Bigwes91 ....Herana-daze Jones is my brother in law. He played safety and was a special team's ace. He got a pro bowl nod for his special teams play, but hurt his elbow and had to bow out! If you're serious, I got you! He'd be over the moon that someone wanted his signature after all this time! Lol
Edit: He went to IU...if you ever went to spring training in KY and heard Marvin Lewis yelling "Indiana!!" at someone.....it was him!
@@ferrynpalmer3875 dude honestly that’s ringing a bell because if I’m not mistaken that would be after the playoff loss and had a set back year… And I remember being confused that special teams has a spot in the pro bowl because there was also a guy on the Chargers that got it…
This was so needed. Not gossiping like so many about other people. This was great.
That’s one hell of an agent. Dude completely thought about not just uncs future but his kids future as well. Yeah I’m sure he made us money obviously but he set unc up for success early and had set for the future as well in case anything happened. That man said Shannon we gonna create generational wealth for you.
Dem cell phone bills was wild back in the day. Roaming charges was a straight scam
I remember the first time I went to Vegas in 2005 I didn't even turn my flip phone on the entire week bc of roaming charges.
Unlimited nights and weekends were amazing!
Having to wait until after 9 or the weekends to talk lol the good ol’ days!
@@nelson_robinson i just remembered first incoming minute free as well!
I remember those days😂
I enjoy when you guys talk about money and finances. It definitely helps me become more financially conscious
I have more respect for Shannon Sharpe taking care of his family he didn't let the fame or the wealth get in the way of that and I'm so happy that he did that for his family
I wish more guys would listen to y'all stories. Everyone thinks they're smarter than the people before them. The game don't change...it just gets new players. ✊🏿
I went free agent to the Vikings in 2011. Signed for 50k, when I got my check it was around 27k . I ended up getting released and then having a hunting accident that kept me from going to the patriots. I was able to earn my masters degree while at THE U. it’s because of that and Gods blessing I’m where I am today. I am a commercial tire salesman with a 90k annual salary and I’m living better than I ever would have if I would have still been in the NFL. many of my former college teammates who went on to play for 7+ years are barely living better than they were when we were in college. Sometimes structure is better. Chad use to work out with us and preach the same things back in 2008. It really isn’t all what people see. Much love
Shannon and Ocho, giving a master class in finance. They should play this segment for all pro athletes.
Like Eazy-e said, "When the money is gone, a bitch is in the wind."💨💨
…..was that from Trust No B***h?
Penthouse Players??
🙌🏻
I guess she’s always gone with me 😂 😆
@@matthewkirkland6497lol broke ahhh nihh.. you’ll be iight bro ✊🏾
😂
Deion Sanders, Tom Brady, Peyton Manning, Eli Manning, Michael Strahan, Pat McCafee ,
Shannon Sharpe, Chad Johnson, Charles Woodson. The only 9 former Players in the past 20 years to still be making $Millions after they retired from the NFL.
Troy Aikman too
@@royalty843 , correct. Troy Aikman & Tony Romo too. TV Broadcasting $ & other endorsements.
Ryan Clark
@@Milton-tx6wprc probably making more off the field. Probably 500k a year on ESPN. IDK how much he make off his pod
Terry Bradshaw too.
This Segment Is Going To Age Well
They never talk about the wives part in players going broke
They can't, the women will shut down this show 😂
they mentioned it when they said you gotta get your girl one of them cars but women is a expense that don’t even need to be brought up we know how women can be your financial down fall
They also said watch out for gold diggers but if you get caught up with 1 make sure you always pay your child support 💵
What's understood doesn't need to be explained.
Never !
Dennis Northcutt a solid dude. I coached his son in baseball
He wasn’t a star, but he was fun to watch. He would run through a wall for you
That agent is a complete utter badass! As a financial planner the level of care and fiduciary duties displayed by that agent is what i strive for. When you got an agent like that who works for you and your goals… damn so cool to hear this side cuz more ppl need this type of planning no matter the dollar value in their bank
You guys need to start a financial course for the common folks. I love this! Remarkable! Love you guys! 😘💋
Fellas… this is so needed… thank you all for this..
I don’t make football money, but you don’t have to in order to benefit from this information…. Keep it up
Exactly!!!!!!!
This is what makes yall show the best
This segment is so powerful!!! Thanks Unc and Ocho
*Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.* 👌 ..
Awesome quote; I made the wisest decision when I put this quote into practice, I inve'sted with one of the best{Mrs Tonya Evans}. Now I receive weekly returns😊. . .
Did someone just mention mrs tonya!? Damn! You just made my day; what a coincidence.. I've worked with her for over 2years and I can tell how good she is
*with over 10 years of tra ding experience, mrs tonya has gained herself a good reputation by helping a lot of persons build their finances' through inves'tments.*
That's interesting, any way to connect with her? I have to get started.
she's active on What's Apps
That roaming in the 90s was hell 😂
All rookies need to see this
Real talk from guys who know what they’re talking about. Keep up the great work 👍👍
Baseball has 162 games in their regular season. That’s 162 times in just the regular season for ticket sales, concession sales, merch sales, and that’s before you get to tv deals, advertising, and sponsorship. and the price only goes up for everything in the postseason and the World Series. And also baseball doesn’t have a salary cap. These are some of the big reasons why mlb makes that kind of money to pay players those huge contracts.
Exactly.! Just with basic understanding that’s almost 10xs the amount of games so you can kinda guess how much money is generated
@@juspulluponme1594 yessir! baseball is the most “grindiest”, tedious, & difficult sport of them all…but goodness you get rewarded on the back end if you stick it out
So do they make a distinction between ticket sales and attendance? Cause like Ocho said some of those games be looking very empty. So are those tickets being sold and people just don't go to the game for whatever reason?
@@puzzlepiecemedia they’re all tied together. but it’s still 162 games man. but you also have to factor in that teams with poor attendance like that don’t usually have big time players on their teams. If you have time, compare the payroll and attendance of the dodgers vs the white sox. baseball’s lack of salary cap is a problem to some ppl. because teams like the dodgers and Yankees can horde talent and payout huge contracts that smaller market teams can’t possibly afford.
Dude why are you writing a book😅. MLB revenue is around $11.6 billion.
Hence, the NFL is generating around $18.7 billion.
These can easily be research.
Teams like Steelers, and cowboys can have 25 to 30 millions average viewers in a regular season game.
Don't u hate it when ya money jump funny?😂😂😂
😂😂
😂😂
Wisdom and discernment...
Thank you. Needed these words to apply to my own financial situation.
Money talk, we all need this
Dennis Northcutt was a Arizona Wildcat legend
Northcutt was a God on campus in Tucson. I was there!!
And this is why you guys are the best!
I love the 30% rule and looking out for your family first. These are principles that can be applied to any salary level. Thank you guys for being so transparent.
Shannon was also blessed to have the people in his life to be appreciative of his hard work and not try to take advantage of his generosity. Did you call your sister a heifer?I know its all love! 😂😂
That's the South..but we say Heffa!😂
Reason baseball players get paid so much is because teams don't have a salary cap. Also baseball players unions are way stronger than in NFL/NBA. In NFL, everyone trying to get paid quickly instead of holding out, and there's always someone next in line willing to work for less. NFL players could learn something from baseball players about self organizing and sacrificing for better pay.
Most baseball players defer their payments. So if I make 30 mill if you defer it u will only receive 5 mill. Baseball guys are ahead of the curve
Exactly ! If everybody did what Lamar did it would work. Know your value !
@certifiedchaos4643 That's literally a lie... MOST baseball players don't make millions of dollars, period. MOST baseball players, make $50k-$120k per year in the minors. They don't have the ability to DEFER anything. Stop lying on the internet. Most baseball players go BROKE too. 4x the national average, MLB players go BANKRUPT within 5yrs of leaving the major leagues. They aren't AHEAD of any curve.
But where does the money come from is what he is asking.
@@darrellmcnair9858 ....162 game season, ticket sales... TV deals... Jersey Sales in baseball are INSANE. They just make a boatload of money in the sport. It's not confusing.
That Rick Flair Woo took me out 😂
19:15 dude, that’s really touching. 😢 damn, I hope it’s still like that in the league because camaraderie is huge.
I keep forgetting how old Ocho is, he just doesn't look his age,y God!!! I wanna have that discipline like that. Too save and really sacrifice my money for a greater goal
This is definitely a conversation that our community needs.
I'm so glad y'all shared this! I hope all the young guys watching this get the message and learns the lesson.
I have coworker who has rim protection. 😳 what the heck rim protection for your rims on your car? She said when your rims get scuffed backing into curb or anything rims get replaced. I said it's a car my rims scuffed plenty of times because I hit the curbside to close. Oh well Insurance companies doing too much.😮
Unk said rent a center 😂😂😂 they was getting our people in the 90s. My step dad thought he was doing something got a washer and dryer and a 32 in tv with the built in vcr in 1989, he was paying 65.00 a week for 3 years made them shits be 3000 at the end.
Every young player in league need to hear this,good job guys
This was Golden. I know it went over the heads of many.
Man I love these conversations Unc & Ocho!! 🔥💯💪🏾
Ocho be cracking me up when Unc be telling stories three words lol I love you 😂😅😂😅🤰🫃🫄
I am a everyday working guy, career now in year 27, never made more than $80k a year and I can retire now at 50, 401k, pension, savings, owe a little on my home car paid off, little debt. if I want to retire I can, as I am set, so no matter how much or how less money you make, live within your means and don't waste money is the moral of the story. I agree with Shannon as I also got the I'm pregnant notification 27 years ago, and I had the same response as unc.
This is probably my favorite conversation from you guys! We need more athletes to honest about money it doesn’t last forever.
guys this is great. this show has hit an incredible stride. one of the best shows around in any media.
Taking this good advice into my personal life today. I want to thank you for sharing with this with is today I really appreciate it ❤❤.
Man, I love these dudes. Putting that positive info and your experiences (good and bad) out there for youngsters to grab. Thanks brothers
Much respect to both you guys. So proud of each of you
You know, I never really heard Ocho talk or do interviews fo some reason during his days playing, but he seems like a cool dude
Great episode need to talk more about this
Shannon and Chad are the best! Speaking facts!!!
This is dope. Brothas like you two are much needed. 🙏❤️
Straight from Baltimore Shanon I feel you unc I respect that because their is nothing bigger than you and your family
all present and future players of all sports should watch this and take heed. This is some good information.
This conversation you just has is great saving money, I love being cheap I have never owned a new car and I'm sure I never will. All I like is old school and I don't mind working on my cars or homes it's a blessing listening to both you guys thank you!
This was needed for a youngin like me. Appreciate y'all Fr !
This duo right here is a blessing to society!! Repect to you guys!! Helping millions a soul at a time.
Great conversation guys ! I love when you talk about Finances.
Yall need to watch 30 for30 going broke. Crazy stories with guys spending their last check on bs ish crazy
So many gems in this one.. very inspirational.
This is the first time I seen Shannon an ocho for a full segment. I love these guys. They speak the truth behind the scenes
Love you guys. I enjoyed this conversation regarding saving a few pennies for a rainy day. ❤
one of the best episodes yet…down to earth and necessary
It’s so tough for NFL players to hold out. Their careers are so short for most of them
All the reasons why you have to be disciplined with your money.
This is probably their BEST show, and they need to take this topic on the road; to high schools, colleges, to the financial planning classes of professional athletes, military transitioning programs, etc. Thanks Unc and Ocho for sharing!👍🏿✌🏿
Bro, i needed to hear this message. So, Thank you ❤❤❤
Excellent conversations 💯💯
This is an excellent episode. They should do more episodes like this
Love these guys. Great conversations
Unc n ocho are the very very best.they tell it like it is.keep up yall great work.
These stories be 🔥🔥🔥🔥🔥
Props to the both of you guys
Dennis Northcutt a true og looking out for a division rival that's unheard of but thats love props Ocho for hitting him back on the ASAP. Bengals 🐯 and Browns 🐕
Thanks for keeping it real
Man I read a lot the comments of all these people that love night cap. I just want to join in and show some love to y’all @Ocho @Unc. You guys are doing your thing and I love watching you guys both on the daily and watching y’all blow up. All love ❤️
Love to hear this.
A good man leaves an inheritance for his children’s children. Shay got the right idea. Unc ain’t never lied about that 90s phone bill😂😂😂. That ish was crazy
I really enjoyed this episode!!
This is really good stuff. Well done Unc & Ocho👏🏿👏🏿👏🏿👏🏿
This is the best video yap ever dropped so much value