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Hitchens is now a very rich man

Posted: 6/3/2014 3:46 AM

Hitchens is now a very rich man 


Anthony Hitchens, a fourth-round pick in this year’s NFL draft, signed a rookie contract with the Dallas Cowboys on Monday.

Hitchens was drafted a couple of rounds earlier than most projections, with Dallas thinking about insurance after Sean Lee missed almost half the previous two seasons with injuries. The Cowboys didn’t figure on having to cash in on that policy so quickly.

Their star linebacker went down with a torn knee ligament in the Cowboys’ first offseason practice.

“I just take it as this is my job and this is what they brought me in here for,” said, the 6-foot-1, 233-pound Hitchens said. “I signed up for this. I usually don’t look ahead.”

The Cowboy drafted Hitchens No. 119 overall on May 10.  The terms of the deal are unknown, but last year’s 119th pick, Washington safety Phillip Thomas, signed a four-year, $2.5 million deal with a signing bonus of roughly $425,000.

See more here: http://hawkcentral.com/2014/06...-pick-hitchens/


***************************************************************************
Dec 31, 2013: RPI = 37; Strength of
Sched = 112; Rank: #22 in AP; #23 Coaches

We will go 14-4 in the B1G (25-6 overall)...or better =)  
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Posted: 6/3/2014 3:53 AM

Re: Hitchens is now a very rich man 


That is great news! I hope he gets a shot. It sounds like Dallas may be looking at Jonathon Vilma and Brian Urlacher to perhaps fill a short term need in the middle. Even if they did sign one of those guys, it sounds as though they would not be "every down" players.
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Posted: 6/3/2014 7:01 AM

Re: Hitchens is now a very rich man 



AlSpangler wrote: That is great news! I hope he gets a shot. It sounds like Dallas may be looking at Jonathon Vilma and Brian Urlacher to perhaps fill a short term need in the middle. Even if they did sign one of those guys, it sounds as though they would not be "every down" players.

IOWA Football..........the fastest way to the NFL  cool
OK I stole that quote from the Recruiting guru, out of Illinois......
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Posted: 6/3/2014 7:56 AM

Re: Hitchens is now a very rich man 


As a Cowboy fan, I am on their site everyday. They like Hitchens a lot, they keep referring to him as the guy that can hit. If he catches on quick he could very well play a ton this year if not start. Not sure if he would run the Defense but he should be on the field at one of the backer positions.
Rudock The New Stanzi!
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Posted: 6/3/2014 11:23 AM

Re: Hitchens is now a very rich man 


Coming from his childhood experience, I hope that Anthony does not buy into the notion that 425k makes him ''very rich''.

After taxes and his agents cut, he needs to save his dollars....he seems like a smart guy, and so probably no issues.
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Posted: 6/3/2014 1:31 PM

Re: Hitchens is now a very rich man 



hawkjth wrote: Coming from his childhood experience, I hope that Anthony does not buy into the notion that 425k makes him ''very rich''.

After taxes and his agents cut, he needs to save his dollars....he seems like a smart guy, and so probably no issues.
Agreed.  425k is a good start, but he has a ways to go to be "very rich".
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Posted: 6/3/2014 2:01 PM

Re: Hitchens is now a very rich man 


Happy for him-too bad he's playing for a team that won't smell the playoffs
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Posted: 6/3/2014 3:39 PM

Re: Hitchens is now a very rich man 



ichawk2442 wrote:
hawkjth wrote: Coming from his childhood experience, I hope that Anthony does not buy into the notion that 425k makes him ''very rich''.

After taxes and his agents cut, he needs to save his dollars....he seems like a smart guy, and so probably no issues.
Agreed.  425k is a good start, but he has a ways to go to be "very rich".
the guy who was drafted in the same spot as Hitchens last year got a four-year, $2.5 million deal with a signing bonus of roughly $425,000.

lets assume Hitchens got the same or a bit more (which is likely).

so in the 1st year he gets $425,000 plus 1/4 of $2.5M (which is $625,000), which totals $1,050,000..  So, $1 million does not make a person rich, especially since just one month ago he was a poor college student?


***************************************************************************
Dec 31, 2013: RPI = 37; Strength of
Sched = 112; Rank: #22 in AP; #23 Coaches

We will go 14-4 in the B1G (25-6 overall)...or better =)  
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Posted: 6/3/2014 3:54 PM

Re: Hitchens is now a very rich man 



tbonehawkeye wrote:
ichawk2442 wrote:
hawkjth wrote: Coming from his childhood experience, I hope that Anthony does not buy into the notion that 425k makes him ''very rich''.

After taxes and his agents cut, he needs to save his dollars....he seems like a smart guy, and so probably no issues.
Agreed.  425k is a good start, but he has a ways to go to be "very rich".
the guy who was drafted in the same spot as Hitchens last year got a four-year, $2.5 million deal with a signing bonus of roughly $425,000.

lets assume Hitchens got the same or a bit more (which is likely).

so in the 1st year he gets $425,000 plus 1/4 of $2.5M (which is $625,000), which totals $1,050,000..  So, $1 million does not make a person rich, especially since just one month ago he was a poor college student?
I think the 2.5 million is the total value of the contract.  So, he gets the 425k, plus another 520k..so it is about 945k this first year, then another 520k the next 3 years.  It is a lot of money but the agent gets at least 5%, and the govt gets another 39%...so in the end it is closer to 1.3 million total for the next 4 years.

I just always read these stories of how most pro players end up broke.  Hope Anthony is smarter.
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Posted: 6/3/2014 4:17 PM

Re: Hitchens is now a very rich man 


Phillip Thomas contract details:

www.spotrac.com/nfl/washington...phillip-thomas/

He was paid a total of ~394k in his first season, as the signing bonus is spread over the four years, and his base was only 288k the first year. After taxes, Thomas probably made a little more than 200k last year. A very nice first year out of college, but far from "very rich".

Hopefully a guy like Thomas or Hitchens can manage to play the full contract, as NFL contracts are heavily backloaded and most players are released or have their contract restructured before those final years. The real key is earning a second contract, where you really get paid.
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Posted: 6/3/2014 4:20 PM

Re: Hitchens is now a very rich man 


Woops, just realized they also have Hitch's details:

www.spotrac.com/nfl/dallas-cow...thony-hitchens/

420k (heh) base, 108k signing bonus, for a total of 528k his first year. Nice income. Hopefully he keeps earning paychecks for years to come.
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Posted: 6/3/2014 4:38 PM

Re: Hitchens is now a very rich man 



ichawk2442 wrote: Woops, just realized they also have Hitch's details:

www.spotrac.com/nfl/dallas-cow...thony-hitchens/

420k (heh) base, 108k signing bonus, for a total of 528k his first year. Nice income. Hopefully he keeps earning paychecks for years to come.
i think the signing bonus is spread over 4 years for TEAM SALARY CAP PURPOSES but Hitchens gets it all when he signs the deal

so, $432K signing bonus plus $420K base for first year = $852,000 for first year


***************************************************************************
Dec 31, 2013: RPI = 37; Strength of
Sched = 112; Rank: #22 in AP; #23 Coaches

We will go 14-4 in the B1G (25-6 overall)...or better =)  
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Posted: 6/3/2014 9:47 PM

Re: Hitchens is now a very rich man 


8then88, since you are the cowboy fan, I wonder how the level of competition is between Hitch and DeVonte Holloman, former gamecocks player.....these two should know the history, they're born one yr apart. cool
8then88 wrote: As a Cowboy fan, I am on their site everyday. They like Hitchens a lot, they keep referring to him as the guy that can hit. If he catches on quick he could very well play a ton this year if not start. Not sure if he would run the Defense but he should be on the field at one of the backer positions.
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Posted: 6/4/2014 6:39 AM

Re: Hitchens is now a very rich man 


That $852 is gross or net?

Granted, $400-$600k is a nice chunk of money, but you'd be surprised how easily some of these kids can blow through even larger sums than that. Cold hard fact: most pro atheletes are earning average salaries at best, within 5 years of their career's end.

Good luck and be wise Mr. Hitchens!
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Posted: 6/4/2014 10:02 AM

Re: Hitchens is now a very rich man 



tbonehawkeye wrote:
ichawk2442 wrote: Woops, just realized they also have Hitch's details:

www.spotrac.com/nfl/dallas-cow...thony-hitchens/

420k (heh) base, 108k signing bonus, for a total of 528k his first year. Nice income. Hopefully he keeps earning paychecks for years to come.
i think the signing bonus is spread over 4 years for TEAM SALARY CAP PURPOSES but Hitchens gets it all when he signs the deal

so, $432K signing bonus plus $420K base for first year = $852,000 for first year
I believe you are correct.  Very nice year.  Hopefully he has many of them.
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Posted: 6/4/2014 1:25 PM

Re: Hitchens is now a very rich man 



EUROhawk wrote: That $852 is gross or net?

Granted, $400-$600k is a nice chunk of money, but you'd be surprised how easily some of these kids can blow through even larger sums than that. Cold hard fact: most pro atheletes are earning average salaries at best, within 5 years of their career's end.

Good luck and be wise Mr. Hitchens!
GROSS; then, of course, taxes are withheld so he will end up with over $500K


***************************************************************************
Dec 31, 2013: RPI = 37; Strength of
Sched = 112; Rank: #22 in AP; #23 Coaches

We will go 14-4 in the B1G (25-6 overall)...or better =)  
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Posted: 6/4/2014 1:28 PM

Re: Hitchens is now a very rich man 



ichawk2442 wrote:
tbonehawkeye wrote:
ichawk2442 wrote: Woops, just realized they also have Hitch's details:

www.spotrac.com/nfl/dallas-cow...thony-hitchens/

420k (heh) base, 108k signing bonus, for a total of 528k his first year. Nice income. Hopefully he keeps earning paychecks for years to come.
i think the signing bonus is spread over 4 years for TEAM SALARY CAP PURPOSES but Hitchens gets it all when he signs the deal

so, $432K signing bonus plus $420K base for first year = $852,000 for first year
I believe you are correct.  Very nice year.  Hopefully he has many of them.
it is crazy; Hitchens will make $852K this year while Morris is still looking to land with an NFL team


***************************************************************************
Dec 31, 2013: RPI = 37; Strength of
Sched = 112; Rank: #22 in AP; #23 Coaches

We will go 14-4 in the B1G (25-6 overall)...or better =)  
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Posted: 6/4/2014 2:49 PM

Re: Hitchens is now a very rich man 





---------------------------------------------
--- tbonehawkeye wrote:


ichawk2442 wrote:
tbonehawkeye wrote:
ichawk2442 wrote: Woops, just realized they also have Hitch's details:

www.spotrac.com/nfl/dallas-cow...thony-hitchens/

420k (heh) base, 108k signing bonus, for a total of 528k his first year. Nice income. Hopefully he keeps earning paychecks for years to come.
i think the signing bonus is spread over 4 years for TEAM SALARY CAP PURPOSES but Hitchens gets it all when he signs the deal

so, $432K signing bonus plus $420K base for first year = $852,000 for first year
I believe you are correct.  Very nice year.  Hopefully he has many of them.
it is crazy; Hitchens will make $852K this year while Morris is still looking to land with an NFL team

---------------------------------------------
A prime example of life not being fair. That is why idealism quickly gives way to realism as you mature.
Two guys considered pretty equal in talent and success in college experiencing totally different levels of opportunity.
Hitchens gets paid while Morris currently not on an NFL roster.
Jamarcus Russell (QB LSU then drafted first round by Raiders) immediately gets paid huge $$$ and has absolutely no success on the field in the NFL. Contrast that with Kurt Warner (QB UNI undrafted, Arena League, played in NFL Europe & then caught on with the Rams as a backup) struggled to even stay relevant to the NFL and finally gets paid after getting a break from another players misfortune years after leaving college, and he ended up with an extremely successful NFL career. Life is impossible to predict.
"If the other team doesn't score, the worst we can do is tie." - Hayden Fry
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Posted: 6/4/2014 4:12 PM

Re: Hitchens is now a very rich man 



Dohly wrote:


---------------------------------------------
--- tbonehawkeye wrote:


ichawk2442 wrote:
tbonehawkeye wrote:
ichawk2442 wrote: Woops, just realized they also have Hitch's details:

www.spotrac.com/nfl/dallas-cow...thony-hitchens/

420k (heh) base, 108k signing bonus, for a total of 528k his first year. Nice income. Hopefully he keeps earning paychecks for years to come.
i think the signing bonus is spread over 4 years for TEAM SALARY CAP PURPOSES but Hitchens gets it all when he signs the deal

so, $432K signing bonus plus $420K base for first year = $852,000 for first year
I believe you are correct.  Very nice year.  Hopefully he has many of them.
it is crazy; Hitchens will make $852K this year while Morris is still looking to land with an NFL team

---------------------------------------------
A prime example of life not being fair. That is why idealism quickly gives way to realism as you mature.
Two guys considered pretty equal in talent and success in college experiencing totally different levels of opportunity.
Hitchens gets paid while Morris currently not on an NFL roster.
Jamarcus Russell (QB LSU then drafted first round by Raiders) immediately gets paid huge $$$ and has absolutely no success on the field in the NFL. Contrast that with Kurt Warner (QB UNI undrafted, Arena League, played in NFL Europe & then caught on with the Rams as a backup) struggled to even stay relevant to the NFL and finally gets paid after getting a break from another players misfortune years after leaving college, and he ended up with an extremely successful NFL career. Life is impossible to predict.
good points.

after the JaMarcus Russell fiasco, soon thereafter a rookie salary cap came into being.  The NFL veterans  wanted this because they saw JaMarcus getting paid millions and not being worth a dime.  And with the overall team salary cap, if you have JaMarcus Russell money affecting your ability to sign others, that hurts the team's chances at competing for championships. 

I did a quick google search and found this:  JaMarcus Russell, the No. 1 pick in the '07 NFL Draft, agreed to a six-year, $61M contract that guaranteed him $32M, the "richest rookie contract in NFL history...."

We won't ever see rookie contracts like that again.


***************************************************************************
Dec 31, 2013: RPI = 37; Strength of
Sched = 112; Rank: #22 in AP; #23 Coaches

We will go 14-4 in the B1G (25-6 overall)...or better =)  

Last edited 6/4/2014 4:15 PM by tbonehawkeye

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Posted: 6/25/2014 2:24 PM

Re: Hitchens is now a very rich man 



Taztigerhwk wrote: 8then88, since you are the cowboy fan, I wonder how the level of competition is between Hitch and DeVonte Holloman, former gamecocks player.....these two should know the history, they're born one yr apart. cool
8then88 wrote: As a Cowboy fan, I am on their site everyday. They like Hitchens a lot, they keep referring to him as the guy that can hit. If he catches on quick he could very well play a ton this year if not start. Not sure if he would run the Defense but he should be on the field at one of the backer positions.
They like Holloman and he is getting a lot of the reps. After the 3 day camp last week they all looked pretty good according to their site. They still haven't decided the starting 3, and may not until camp later this Summer. The great thing is they are throwing a ton at Hitchens and he is responding well even playing a bunch at MLB.
Rudock The New Stanzi!
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Posted: 6/25/2014 4:17 PM

Re: Hitchens is now a very rich man 



tbonehawkeye wrote:
EUROhawk wrote: That $852 is gross or net?

Granted, $400-$600k is a nice chunk of money, but you'd be surprised how easily some of these kids can blow through even larger sums than that. Cold hard fact: most pro atheletes are earning average salaries at best, within 5 years of their career's end.

Good luck and be wise Mr. Hitchens!
GROSS; then, of course, taxes are withheld so he will end up with over $500K
Only if he stays healthy.

People need to understand NFL contracts are not guaranteed. For financial planning purposes, he needs to act like he's only getting the signing bonus. He should not be buying any houses or Escalades right now - he is NOT a rich man, not yet.
-------------------------------------------------
It is possible to love your school, cheer heartily for your team and still question your coach. Really, it's fine. It doesn't make you less of a fan. It makes you a freethinker.

Last edited 6/25/2014 4:17 PM by Billso

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