NFL star Odell Beckham Jr. says $20M/year deal isn't so much after tax. Could you make it last longer than him?

Core Insights - NFL star Odell Beckham Jr. expresses that living on a $20 million annual salary is challenging, suggesting that after taxes, the effective amount is closer to $12 million [1][2] - Beckham's comments have sparked backlash from fans and peers, questioning his financial management given his substantial earnings [2][3] - The discussion highlights the broader issue of financial literacy among high-earning athletes, with some suggesting that lifestyle choices contribute to financial struggles [4][5] Financial Management - Beckham's contract totals $100 million over five years, yet he emphasizes the difficulty of making $20 million last [1][2] - After taxes, the net income is approximately $12 million, which Beckham argues must cover all expenses, including significant purchases like cars and homes [2] - Critics point out that many individuals with similar earnings manage to save and invest effectively, raising questions about Beckham's financial decisions [3][4] Lifestyle Choices - Beckham's high-profile lifestyle includes luxury items, such as a limited edition Richard Mille watch valued at nearly $190,000 [5] - His car collection is estimated to be worth $2.4 million, indicating a preference for expensive assets [6] - Past controversies, such as a ban from Louisiana State University for distributing cash to student athletes, further complicate his financial narrative [6]