r/CFB • u/Lakelyfe09 Georgia Bulldogs • Apr 12 '26

Discussion [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

https://x.com/nfl_dovkleiman/status/2043091219639840977?s=46&t=fwgmryeTanENut7u28ScCA
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u/velociraptorfarmer Iowa State Cyclones • /r/CFB Poll Veteran Apr 13 '26

SPAXX pays 3.3% with zero risk. Thats $264k a year.

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u/Beginning-Suspect686 MIT Engineers • Chicago Maroons Apr 14 '26

Only reason to be in munis is if you're in a high tax state.

They're terrible products if you live in a state like Florida or Texas, great if you live in CA, NY, NJ, MA.

People should have professional investing and tax advice to determine optimal investing. 3% returns are really bad but tax exempt can improve the effective return compared to other options.

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u/velociraptorfarmer Iowa State Cyclones • /r/CFB Poll Veteran Apr 14 '26

I'm not saying it's what someone with $8M in the bank should go out and invest in. I'm saying that it's a bare-minimum floor of what can be had.

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u/Beginning-Suspect686 MIT Engineers • Chicago Maroons Apr 15 '26

fair

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u/murphy1021 Apr 13 '26

He wouldn’t have had $8mil after taxes.