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The NFL Draft The Bengals will have three of the first 56 selections in the 2013 NFL Draft. Discuss it all here.

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  #26  
Old 07-26-2012, 05:39 PM
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Default Re: Oh that silly Janoris Jenkins

Quote:
Originally Posted by Lolli View Post
Just for fun, I did some quick and dirty math that in no way represents how it would unfold in reality, but may describe why Jenkins is annoyed (he is probably not good at math and does not like the answer).

JJ's base salary = $1,250,000 (I did not seperate out any bonus vs. actual annual salary)
Uncle Sam's cut (guess) = $375,000
5% agent fee = $62,500
Financial advisor = $25,000
Net Income = $787,500

I have no idea how a judge would split the remaining money between 4 women with 5 kids and the player so I am going to assume equal distribution between 5 kids and JJ.

JJ's actual annual net salary in this scenario would be = $131,250 ...
is it to early to start playing for his 2nd contract.
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  #27  
Old 07-31-2012, 04:22 AM
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bengals Re: Oh that silly Janoris Jenkins

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Originally Posted by AyyDee View Post
The guy can do what he wants with his money as long as its legal, period. Whether he's smart or dumb the Rams (or any employer) don't have the right to force you into a financial decision about your personal life.
Sure they do if he agreed to it. He is an investment whether he likes it or not. They are attempting to protect their investment just like any smart business person would do.
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  #28  
Old 08-04-2012, 08:45 AM
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Default Re: Oh that silly Janoris Jenkins

Just for fun, I did some quick and dirty math that in no way represents how it would unfold in reality, but may describe why Jenkins is annoyed (he is probably not good at math and does not like the answer).

JJ's base salary = $1,250,000 (I did not seperate out any bonus vs. actual annual salary)
Uncle Sam's cut (guess) = $375,000
5% agent fee = $62,500
Financial advisor = $25,000
Net Income = $787,500

I have no idea how a judge would split the remaining money between 4 women with 5 kids and the player so I am going to assume equal distribution between 5 kids and JJ.

JJ's actual annual net salary in this scenario would be = $131,250



I used to work with someone who was in a similar, but reversed situation. He had 5 kids by 3 different women, but was making 10/hr. He said that Wood Country could take up to 55%, or maybe it was 65%, maximum for all the kids/families. They would have to divy up that pool of money, as the law said they couldn't take more from him past that percentage.


I would think Jenkins would find the county with the lowest percentage, and set up residence there...
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  #29  
Old 08-05-2012, 12:39 PM
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Default Re: Oh that silly Janoris Jenkins

This is not a huge issue by itself but It just adds to the list for JJ.

I am not a big fan of Kirkpatrick either but I am OK with us taking him. I'm just glad we didn't draft this guy.
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