It’s pretty unlikely that former Cleveland Browns quarterback Johnny Manziel will play in the NFL again. But, does Manziel have the money to retire at only 23-years-old?
But, does Manziel have the money to retire at only 23-years-old?
Currently estimates put his net worth at about $4 million. He signed a 4-year contract with the Browns upon being drafted. The deal was worth $8.25 million. It included a $4.3 million signing bonus and $6.7 million guaranteed money. Taxes, lawyers, accountants, agents, and managers all get a cut of that.
Less than two years ago, LeBron James’ business manager, Maverick Carter and Fenway Sports Group were both behind the QB, expecting him to be the most endorsable rookie, perhaps in the history of football.
“He’s the most endorsable rookie before playing a down, probably in NFL history,” Darren Rovell, a business reporter for ESPN, said. “The only guys to have gotten the amount of money that he’s gotten as a rookie would be Reggie Bush and Robert Griffin III. Between his Nike deal and his Panini Memorabilia deal, he’s already in a stratosphere that none have seen.”
In 2014, Manziel signed a deal with Nike. It was the most lucrative deal offered to any rookie in the 2014 Draft Class, according to ESPN. The exact terms of the deal weren’t disclosed.
Other NFL players say that if Manziel got into appearances, endorsements and sponsorship deals, he would net $100,000 to $300,000 and $1 million to $3 million if he started. A playoff champion quarterback can make between $10 million to $30 million.
Today, it’s safe to say not one team in the NFL will touch Manziel. Johnny Football will likely never reach his full financial potential.
He’s also lost most of his business partnerships.
Deals that Johnny Manziel had: Nike, Nissan, McDonald’s, Snickers and MusclePharm. Deal he has now: Panini.
— Darren Rovell (@darrenrovell) April 20, 2016
While Johnny made a lot of money in his short NFL career, he can’t afford to maintain his current lifestyle.
He’s not doing all-inclusive at spring break resorts in Cancun.
Manziel vacationed in a private Mexican villa following his NFL exit. He followed that up by renting a multi-million mansion in West Hollywood. But, that’s just the beginning of Manziel’s spending.
A photo posted by Johnny Manziel (@jmanziel2) on Dec 31, 2014 at 9:35pm PST
Private planes, bottle service, nights upon nights in Los Angeles nightclubs, a G-Class Mercedes-Benz, trips to Las Vegas and Miami and sitting in the front row at UFC fights are expensive treats even to people who make millions. Manziel isn’t bringing in any income.
This bill doesn’t include Manziel’s recent legal troubles or the friends he brings with him.
A dinner at the Nice Guys, which Johnny regularly visits, can easily run $70 to $100 for one person. When you add four or five friends, the check comes to much more.
A photo posted by Johnny Manziel (@jmanziel2) on May 12, 2016 at 6:48pm PDT
The game changer is that Manziel’s from a wealthy family. The Manziel crew is from oil money. Johnny’s grandfather literally struck oil. He’s likely never going to go broke because he’s a permanent customer at the bank of mom and dad. His parents both have successful careers and family money. Their net worth is estimated to be around $50 million.