NFL Players' Financial Management
In 2004, Eli Manning signed a six-year contract with the New York Giants that made him an instant millionaire. The signing bonus was worth $20 million alone, but the NFL understands that players like Manning need a little help with good financial management.
Staying Financially Strong
Being in the NFL is a testament to an individual's physical strength, but the NFL is also interested in fostering their players' financial strength. The NFL has a Financial Education Program that is intended to help professional football players with their financial management skills. The financial management program offers non-credit seminars about cash management, tax planning, and estate planning. The program also includes information about investing, retirement planning, and insurance topics.Life After Football
The NFL Players Association, the league, and several business schools have teamed up to create the NFL Business Management and Entrepreneurial Program. This program offers players a way to find out how to manage a business. They learn about personal investment, financial management, recruiting, and the business plans and operations that are involved. Discussions and workshops on running a business help players create realistic expectations and build a foundation for a career after the NFL.Financial Management From an Online Education
Financial management is crucial to everybody, whether you're managing the checkbook of an account with $54 in it or $54 million. For those who love numbers, getting an online education in financial management could be a rewarding and highly useful career choice. An online education gives you a flexible schooling option, and the financial management degree would give you a chance to work in almost any industry, since virtually everyone has to handle money in some way. With an online degree, your financial education may just get you heading towards handling big accounts for corporations, or maybe even for Eli Manning.Sources
NFL Player Financial Education and Management
NFL
About the Author
James Tolles is the Managing Editor for hq|publications. He helped write and edit the successful application for Sparks, NV that earned the city honors as a 2004 All-America City Finalist-a title held by only 30 cities in the nation. He is also a freelance writer. He attended a four year liberal arts college and holds two B.A. degrees, one in Creative Writing and the other in History.
