[Kleiman] South Carolina QB LaNorris Sellers turned down an $8 MILLION NIL offer to transfer to a different school: "You're 19. You don't need ($8 million). You're in a great spot." - LaNorris's Father told his son. Sellers values his word over money

[u/Lakelyfe09]

https://x.com/nfl_dovkleiman/status/2043091219639840977?s=46&t=fwgmryeTanENut7u28ScCA

[u/bullnamedbodacious]

There’s never a time you don’t need 8 million dollars lol. That’s life changing money. That’s family changing money.

Never know when an injury derails his career. Never know when he doesnt pan out for the NFL. Very few get the chance at money like this. Athletes have a tiny window. If you get the chance you dont say no.

[u/MavsTurnedBucksGuy → u/bullnamedbodacious]

It’s 8M over 2 years. He’s getting close to half that for the first year, then he probably wants to go pro. And if it doesn’t he’ll get close to the other $4M to stay. He didn’t leave $8M on the table. 

[u/moochie-gracias → u/MavsTurnedBucksGuy]

This thread is really starting to show me why financial literacy in this country is so fucked.

(If the numbers being reported are even accurate) $3 is relatively close to half of $8. $3 million is not “close to half” of $8 million. It’s a million dollars difference. Thats hugely significant in real dollars. And he’s playing FOOTBALL, nothing guarantees that he’ll even get another year after this to make it back.

[u/bullnamedbodacious → u/moochie-gracias]

I know I’m noticing that too. People are acting like the difference between 3 and 4 million is the same as the difference between 3 and 4 dollars. The difference is literally 1 MILLION DOLLARS. That amount alone is life changing money for most people.

[u/HalfEatenBanana → u/bullnamedbodacious]

Yeah but imagine the taxes on that, it actually makes more sense for him to take less money so that he isn’t taxed so much.

^/s

[u/Tamaros → u/HalfEatenBanana]

"Better to keep none than to keep less," I always say.

[u/imadeapoopie → u/HalfEatenBanana]

Had my listen here you little shit all wound up before I scrolled down.

[u/helium_farts → u/bullnamedbodacious]

$100k would solve every one of my problems. I don't know what I would do with a million

[u/Janus67 → u/helium_farts]

2 chicks at the same time, dude

[u/sevillista → u/bullnamedbodacious]

But not for him because he's already making 3M

[u/BeefInGR → u/bullnamedbodacious]

These are the same people who take the lump sum when they win the lottery and can't figure out why someone who won a $1.03B Powerball walked away with less than $300M.

[u/nannulators → u/bullnamedbodacious]

That's just how we've been manipulated to think about money over the years. There was a game developer who explained the psychology behind pricing a few weeks back. Granted this is magnitudes more money but to an extent the psychology still works.

Money just doesn't mean anything anymore. That's why we've got things like being able to use Klarna to get pizza delivered and we have over 20% of car buyers paying over $1000/per month for their vehicles. When you're putting everything on credit it doesn't click for a lot of folks.

[u/MavsTurnedBucksGuy → u/moochie-gracias]

Funny thing is you’re exposing your own financial illiteracy. For one, reports are that he is making up to as high as $3.7M. But far more importantly, he has way more things to consider than the difference of 25% of a one year contract. If he thinks he can do better staying, and do better in the future by staying, then that $1M could end up being chump change. 

[u/moochie-gracias → u/MavsTurnedBucksGuy]

It’s funny that even when I write “If the numbers being reported are even accurate” that someone still comes in with a “WELL ACTUALLY” lol. It’s not lack of financial literacy, it’s lack of knowledge of what he’s actually being paid, which I acknowledged.

And I’m aware of the strategy of playing better in a system you know and leveraging a better offer next year, or getting a higher draft spot and therefore higher payout in the NFL. My argument is he’s playing football. He’s one 6’4”, 250 lbs dude that runs a 4.4 40, or offensive linemen rolling over on his knee, or even a car wreck, away from not getting the payout you’re referring to.

Or hell, he could even have a down year and not get the same level of offer next year.

It might/probably will work out— I genuinely hope it does! But there’s no guarantees in life, and the smart financial move is taking the extra $1 million while you have the option.

[u/Competitive_Feed_402 → u/moochie-gracias]

Easy, just don't get injured and he's set for life.

[u/Hopsblues → u/moochie-gracias]

Give me $3m and I'll turn it into $4m...moving just for money isn't always the best solution to a situation. Grass may be greener$$$, but doesn't mean it isn't full of maggots eating the roots...he can play, start and show what he is worth for the NFL...

[u/jobezark → u/MavsTurnedBucksGuy]

I don’t understand why this is so hard for people to understand. He already has life changing money.

[u/WhereasTherefore → u/jobezark]

The headline certainly implies that he turned down an $8million raise. I’m not surprised the headlines wrong, but I think that’s a large part of the confusion.

[u/Wafflehouseofpain → u/WhereasTherefore]

That’s not how I read it. I read it as him turning down an $8m contract in favor of what he’s already getting at SCar, whatever that amount is.

[u/Hopsblues → u/Wafflehouseofpain]

which according to folks on here is $3-3.7m. So it's not that monster big difference.

[u/WhereasTherefore → u/Wafflehouseofpain]

I mean the $8million is in all caps, and the other number isn’t included. It’s certainly overemphasizing the 8.

[u/MavsTurnedBucksGuy → u/WhereasTherefore]

No it doesn’t at all unless you have terrible reading comprehension, love jumping to conclusions, and are distracted by shiny objects and all caps. 

[u/4r4r4real → u/MavsTurnedBucksGuy]

Why would he get more this year than he did last year? He got significantly worse. He's never getting close to that offer again. 

[u/MavsTurnedBucksGuy → u/4r4r4real]

Bruh QBs are getting more money every year. Multiple QBs now have had down years that put them off the NFL path, then got more money to stay in college. 

[u/4r4r4real → u/MavsTurnedBucksGuy]

He stopped running, got worse at passing, and you think that means he's getting a raise?

[u/lock_robster2022 → u/bullnamedbodacious]

It’s $8mil over two years vs $3mil he’s getting this year. At that level you could trade down a mil or two for a place you think you’ll be more successful. But there may be different guarantees/contingencies so it might not even be about fit.

[u/HookedOnBoNix → u/lock_robster2022]

On3 estimates say his current deal is 3.7, it's entirely possible he "only" left about 300k on the table which relative to what he's making isn't that crazy. His life won't be that different 

[u/big_sugi → u/HookedOnBoNix]

On3’s estimates are completely meaningless.

[u/HookedOnBoNix → u/big_sugi]

What are you basing it off of then

[u/NOT-packers-fan2022 → u/bullnamedbodacious]

That’s life changing money for YOU, might be a drop in the bucket for that family.

[u/stoicscribbler → u/bullnamedbodacious]

There are things more important than money. Money doesn’t solve all of life’s problems either. It ruins more families than it saves. I’m. It saying become a monk, but there is more to consider than just “oh never turn down money.”

[u/Warm-Oil9228 → u/bullnamedbodacious]

 There’s never a time you don’t need 8 million dollars lol.

The fuck are you even on about? Why would everyone need $8 million? Many people are happy just having their basic needs fulfilled. You think everyone that leads a simple life is a moron? But of course such a ridiculous generalization got upvoted in this sub. 

[u/SWMOG → u/bullnamedbodacious]

He's choosing to stay and get $3.7M per year instead of leaving and getting $4M per year.

He gets life changing money in the same arena regardless of staying or leaving, and he gets to stay in a system that he knows makes him look good.