Dolphins rookie Tua Tagovailoa said in an interview with GQ that he won’t spend a cent of his $30 million contract and live off endorsements. We aren’t sure how to take this since most of us send every cent of our paychecks to our landlords.
Tua Tagovailoa will save his $30 million rookie contract, live on endorsements – ProFootballTalk https://t.co/CG16roSVdv— Robert Raiola, CPA (@SportsTaxMan) September 26, 2020
“I’m gonna be living off my marketing money, so the endorsement money that I get, and then everything else I’ll just put to the side,” Tagovailoa said.
The rookie did make a few purchases after Draft Day that included a $1.65 million home near the Dolphins’ practice facility, an $80,000 Cadillac Escalade for his mom and a $10,000 Rolex for dad.
Not many 22-year-olds save in this country and it’s especially impressive when you don’t necessarily have to. Seemingly a family oriented guy, so his decision to save shouldn’t shock anybody. We will say if he’s spending time with GQ, he better get it rolling with the endorsements!
Cheers to an athlete we can bet won’t be on a Netflix special on how he went broke.