NFL or Law School?

Definitely take the NFL. He can always go back to law school. You don't get a 2nd chance at the NFL. Plus he would make much more in the NFL than as an entry level lawyer. Make some 'easy' money now. Go back to school when you are done, and make your long term money.

According to payscale.com (No Idea how accurate this is) a lawyer with 1-4 years experience averages between $40k - $100k per year. Just for comparison sake our 4th pick this year is making base salaries of $390,000 in 2012, $480,000 (in ’13), $570,000 (in ‘14) and $660,000 (in ’15).

So even if he is at the upper end of annual salary for a lawyer and making 100k/yr, its not even close to what he would be making in the NFL over that same period of time.

 

Except for the fact it is his Dad's firm. No doubt he will not be "average" entry level attorney. Fast track partnership and early vestment in the retirment plan. I'm sure there is profit sharing as well.

Take the law firm unless you are a drafted 1-20.

 

exactly. He's in a rare situation. Many football players are from the hood, and have no nest egg whatsoever. Once they're done with football, they spend the few million they have saved up (if even that much) then live pretty much normal lives at best.

From 21 to 26 or so when the average player is out of football is such a short span. That's 5 years experience you can have at a real job without getting your brains bashed. Compare this guy to other undrafted FAs in 30 years and we will easily see who made the better choice, while many other scrubs toil away in Semi-Pro, CFL, or AFL leagues, then come out in no better financial shape than they were at age 18.

 

Take the law firm unless you're guaranteed at least a few years in the NFL.

 

You have to admire Shaq, or DR. O'Neil, for earning a PhD since retiring from the NBA.

http://newsfeed.time.com/2012/05/08/call-him-dr-shaq-shaquille-oneal-earns-ph-d/

 

It is pretty simple. If football is your dream and you love the sport, NFL. If you played because you were "pretty good" or you were expected to play, then you look at your options.

I knew a lot of college athletes that absolutely could not wait to finish up their sports career.

 

In the grand scheme of things though, 5 yrs experience isn't that much. Not much diffence between 25 and 30 yrs experience, its more about what you did during that experience. Plus he will probably make more during those 5 yrs in the NFL than he would as a lawyer, if not then retire. And the fact that his dad owns a law firm is even more incentive to go play in the NFL. He won't need experience. Whenever he's done with football, he knows he will have a good job waiting for him.

I'm not saying that a short NFL career is better than a long term career in law, but he is in the position to have both. If he starts out being a lawyer now, he will probably be one for the next 40 yrs. That is a long time of doing one thing. Why not take 5 yrs to do something that less than 1% of the population gets to do. You only live once.

 

Lawyers hate their jobs, they like the pay, but the vast majority of lawyer work is boring and tedious.

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