Quote:
Originally Posted by kipperfan
Maybe, but once they get rich they want no part of places like Edmonton or Winnipeg (probably Calgary too, to a lesser extent). Anyone who is a desirable UFA has most definatley already become rich, so that is really a non sequitur.
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Ballpark estimate...
50% goes to taxes
17% goes to escrow
They're left with 33% to live off of. 33% of a few million is still pretty good, but the majority will end their careers in their early 30's and need some stability for their future.
The majority of them dodged their way through highschool and skipped university leaving their career prospects as:
- leverage their career (commentator, analyst, etc...
- find a career in the public sector
Those options don't pay NHL dollars, so they need to find the best solution for their playing days to set them up for the days after they retire.
As Patrick Ewing said..."I might make a lot of money, but I spend a lot of money'