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Sam Bradford is prepping for the NFL and financial security

Former Sooner star Sam Bradford is attending classes this week along with other NFL rookies to learn how to live as a professional football player. One of the first lessons is personal finances.

 
BY DON MECOY | Published: June 30, 2010    Comment on this article Leave a comment

Former Sooner football star Sam Bradford is preparing for his first payday, which promises to be a doozy.

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AT A GLANCE
NFL No. 1 draft picks and initial contracts

Year Player Position Contract
2010 Sam Bradford QB Unsigned
2009 Matthew Stafford QB Six years, up to $78 million,

$41.7 million guaranteed
2008 Jake Long OT Five years, $57.75 million,

$30 million guaranteed
2007 JaMarcus Russell QB Six years, $68 million,

$32 million guaranteed
2006 Mario Williams DE Six years, $54 million,

$26.5 million guaranteed
2005 Alex Smith QB Six years, $49.5 million,

$24 million guaranteed
2004 Eli Manning QB Six years, $45 million,

$20 million guaranteed
2003 Carson Palmer QB Seven years, $49 million,

$10 million guaranteed
2002 David Carr QB Seven years, $46.2 million,

$10.9 million guaranteed
SOURCE: The Associated Press.

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Bradford, the top overall pick in this year's NFL draft, is expected to soon sign a deal with the St. Louis Rams that will pay him in the neighborhood of $50 million in guaranteed money. That's a pretty fancy neighborhood for a guy who was in college until just recently.

While at OU, Bradford used a debit card for day-to-day expenses and a parent-funded credit card that was only for emergencies.

"To go from how simple it was in college to how complex it is now is a huge change,” Bradford said Tuesday. "Financially, my life has kind of changed drastically here in a couple months.”

A finance major, Bradford has an understanding of markets, but is still learning how to deal with a millionaire's personal finances.

Bradford has hired a financial adviser and will use the expertise of his father, Kent, a former Sooner football player and insurance industry expert, to deal with expected investment offers. One NFL veteran told Bradford this week that he is pitched a business opportunity of $100,000 or more about once a week.

"I expect those things will come, but I'm very fortunate that my dad is still a major part of my life and he really handles most of this stuff for me,” Bradford said. "If anyone comes, they're going to talk to him.

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Related Topics: Sports, Football, College Athletics, College Football, NFL Draft, Professional Football



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