Former LSU football quarterback Joe Burrow has a perfect plan to manage his finances.
Former LSU football quarterback Joe Burrow signed a fully guaranteed four-year deal with the Cincinnati Bengals worth just over $36.1 million this week.
That’s life-changing money.
But Burrow doesn’t plan to spend any of it. Not even a dime.
The former LSU standout told reporters this week that he has a plan for how to handle his new fortune — Burrow plans to leave it all in the bank and let it accrue interest.
“I don’t plan on spending any contract money. I’m just gonna live off the marketing money and let that accrue in my bank account,” said Burrow on Friday after signing his rookie deal (via Pro Football Talk).
Joe Burrow is smart on and off the field
It’s not a surprise to hear that Burrow is financially savvy.
Back in April, after Burrow was selected by the Bengals with the No. 1 overall pick in the draft, the Heisman Trophy winner told reporters that his first splurge was going to be a chef, so he could make sure he’s getting proper nutrition.
In other words, his first splurge was an investment in himself as a football player.
Burrow is a special player. He reminds me a lot of Peyton Manning in the way he carries himself (Burrow, however, has a bit more swagger). Burrow is always working to get better, he says the right things and he’s a tremendous leader. He’s lightyears ahead of some of his peers (some of which already have NFL experience).
Bengals fans should feel fortunate Burrow is in Cincinnati. He’s going to make the city proud for many years to come.