NFL star Odell Beckham Jr. recently got the internet talking after he appeared on the The Pivot podcast and gave a breakdown on why he felt that a $100 million contract can’t last a lifetime.
Though Beckham, 33, made those comments back in October, the video was recently circulated on social media, sparking a conversation after it went viral.
“I always explain this to people, you give somebody a five-year, $100 million contract, that’s five years for 60,” the former New York Giants star said at the time, per Complex. “We’re getting taxed. That’s 12 million a year that you have to spend, use, save, invest, flaunt, whatever.”
“I’m just being real,” Beckham, who made the news in 2018 after he signed a then-record-breaking $95 million contract with the New York Giants, added. “I’m going to buy a car, get my mom a house. Everything costs money. If you’re spending $4 million a year, that’s really $40 million over five years, eight million a year. You start breaking down the numbers, and that’s a five-year span, you’re getting eight million. Can you make that last forever?”
But Sharpe, a retired NFL legend and Pro Football Hall of Famer, begged to differ, questioning how it was going to be difficult for someone to manage that kind of money.
“OBJ, I’ going to be honest with you, bro. If you get 60 million dollars liquid and that can’t last you a lifetime, you’ve got a problem,” Sharpe, said on his Nightcap podcast that was released on Monday.
“Do you really need 10 houses? Do you really need 15 cars? Do you need to buy everybody in your family a house that costs a million or two million dollars?” Sharpe questioned, per Complex.
The 57-year-old then gave his own breakdown on why making those financial decisions was ultimately going to be costly along the line.
“First of all, if you buy somebody in your family a house that costs a million or two, first of all, they can’t afford the upkeep on it,” Sharpe explained. “You buy somebody a Mercedes, a Ferarri, a high-end car…if something happens to it, who are they calling?”
The former Denver Broncos star also emphasized that it did not make sense for someone without any business portfolio to spend $4 million annually.
“You out of your damn mind,” said Sharpe.
READ ALSO: ESPN parts ways with Shannon Sharpe after he settles $50M sexual assault lawsuit
