Five rules to help young players get the most from their playing years. Jack Bechta
Over the last 60 days, I’ve had the opportunity to chat closely with my 2010 rookie class about their transitions into the NFL, what to expect and how to be successful.
I try to keep my instructional advice realistic and palpable for a young man about to embark on his dream of playing in the NFL. I reinforce these general guidelines with a step-by-step action plan. It’s been my experience that players react well to short lists, catchy slogans and simple outlines.
These are the five points I try to hammer home to my clients:
Body management: The player’s body is his production facility. Without it functioning at its maximum capabilities, there is no product or service he can offer. A player only has one body. It has to last, and it can’t be replaced. I encourage my players to take extremely good care of theirs, like a Formula 1 race team takes care of its car. A race car will perform at its peak with only the best fuel. I tell my players that the best investment they can make is in their bodies, so I promote spending money on superior super foods, personal trainers, nutritionists, massages, supplements, equipment and even on a great mattress. I also remind them that most of these investments are tax deductible.
Jerry Rice, Darrell Green, Teddy Bruschi, Emmitt Smith, Al Harris and many others who played 10 or more years did so by taking great care of their bodies. The body produces the paycheck!
Time management: I’m a believer that the busier one is, the more one can accomplish. I also believe the opposite is true: The more time you have, the less you will accomplish. Players are sometimes cursed with having too much time on their hands and not knowing the best ways to manage it. So I encourage my clients to set daily schedules for film study (at home and work) along with planning out their weeks, months and offseasons. I remind them that being late for any activity in the NFL leads to harsh fines. Being 15 minutes early is being on time. I tell them that if they find themselves in a fast-food drive-thru, they are not only NOT managing their time but also cheating on body management. If a player is in control of his time, it will reduce stress and give him an air of professionalism.
Patriots head coach Bill Belichick is a great time manager, and his ability to prioritize tasks is legendary. His game-week schedules are favored by players because they appreciate that he’s sensitive to their bodies and energy levels throughout the day. If players can get into routines that maximize their time, they will become exponentially successful.
Be 100 percent football-focused: For some college players who took their academics seriously and balanced their class commitments with football, it’s time to put 100 percent of their focus (aside from faith and family) on their football responsibilities. I challenge them with this philosophy: “Live, work and sacrifice like no other player WILL for three or four years, then you will live like no other player CAN for the rest of your life.” If a player can eliminate distractions from his life and give everything he can to becoming the best, limitless rewards will follow. Some players wait until their contract year to turn on the switch, which is sometimes too late. Those who get off to good starts early will build equity in their brand and in their future contracts. After the first few years, a player can start to enjoy some of the fruits of his labor.
Goal-setting: I encourage each of my clients to set realistic short- and long-term goals for themselves. I even ask them to pick the number of years they want to play. I instruct them to carry this goal sheet with them and look at it every morning and every night. I explain that “visualization” is a powerful tool and that their careers will only be what they “imagine” them to be.
Fiscal discipline: The No. 1 reason I got certified as an agent at age 24 in 1986 was to help players maximize their opportunities and preserve their wealth. Over time, I found that the greatest tool to building wealth is exercising fiscal discipline and responsibility, not making great investments.
One of my best clients spent frivously for the first seven years of his career. When I talked to him about it, he said he was “going to change,” but the cars and jewelry kept coming. Then one day, I reminded him that he was one of the most dedicated and hardest-working pros in the business. He proudly agreed. Then I ask him to apply his ability to be disciplined to his spending and savings. I explained that buying unnecessary material possessions is akin to being weak and lazy. From that moment on, he changed his ways.
I want all players to build an untouchable reserve of anywhere from $3 million to 20 million, depending on their contracts, as their No. 1 fiscal goal. Once they achieve that, they can take more risks, have some material luxuries and enjoy the fruits of their labor. In the meantime, their untouched reserve bucket can provide them with a lifetime of income that will afford them an amazing quality of life after football.
Rich players have many material things, wealthy players have solid investments.
I, like most agents who care about the well-being of their clients, will be reinforcing these five philosophies on a daily basis.
Follow me on Twitter: @jackbechta
Jack, awesome articles as always, quick question do you need a degree to become an agent, or what kind of road donyounsuggest for someone to get into the business. Thanks and I will continue read your articles!
"A Philosophy for a Successful Career" - ah, Jacky boy you sly devil - didn't title this article A Philosophy for a Successful NFL Career now did you Jack - and why is that - well of course, these principles translate to any career for anyone's general quality of life...good stuff Bechta - well done...
Jack, how do you arrive at the $3 million number on the low end? Based on my experience with athletes, $3 million isn't even close to providing financial security for what is often 60-70 years of "retirement". I suppose you're factoring in their pensions and such which kick in during middle age? Are you excluding gauranteed income products like annuities from this figure? I find that over time, inflation has a way of turning multi-millions into a pittance, and generally encourage my clients to target a much higher number.
How many of your clients accept your guidance, especially as it relates to the body. I would imagine it's a tough sell in many cases, since your rookies are young, and with youth comes the perception of indestructibility...
MarkS, I don't know the answer, but I do know that even after the economic crash you can still get 1-3% from high interest savings accounts.
1-3% of $3million is $30,000-90,000. I think what he wants is for players to be able to live off of interest for the rest of their lives (while possibly supplementing the $30,000 with a coaching income)
If the $3,000,000 were stashed early enough, average market growth is 7%, so they'd gain anywhere from $1-2 million in the 5-10 years they had it put away.
I don't think the point is finding an exact figure - it's putting away enough money so they can live off of it someday.
Market growth of 7% is for stocks over a longer period of time 3+ years, based on the past century of economic data.
Interesting column, Jack. I'm intrigued by this: "it’s time to put 100 percent of their focus (aside from faith and family) on their football responsibilities." I know that football has a long history of giving matters of faith a pass (eg Vince Lombardi's comment about religion, family and the Packers) but I'm interested in why religion "gets a pass" on this in a way that politics or old friends or a deep interest in literature or philosophy (say) doesn't. Does this sort of thing rankle with humanist/agnostic/atheist players?
Jack, I wish I was a player just so I could have you as my agent.
good post!!Thanks for your suggestion!!!!!!!!!!!!!!!!!!!!
I see Vidal Hazelton #7 on the Cincinnati Bearcats being a 1st round pick. By far he is the BEST receiver I’ve seen. Obviously he has not played for 2 years. But the NFL Scouts don’t buy the hype. They will do the homework and see that this guy is the real deal. He is a very physical player. Reminds me of Anquan Boldin and Blocks like Hines Ward. Those who have seen him knows he is a contender that will move up draft boards. Believe it or not. This guy was ranked higher than Percy Harvin, Matt Stafford and a number of high profile players coming out of high school. According to Mike Farrell and Bob Litchenfel of both Rivals and Scout.com. He was the best WR at the 2006 Army All American game. Percy Harvin, Tim Tebow, Mathew Stafford, Chris “Beenie” Wells, Gerald McCoy and Andre Smith all played in that game. Hazelton was ranked the #1 WR in the Nation by Scout.com and the # 3 player overall by ESPN in 2006. This is not by coincidence. Several reputable football authorities saw the same things in this playmaker. I see great things for this NFL prospect. DJ Woods is another player that people are sleeping on. He will rocket up draft boards as well. Hazelton is definitely helping the UC recruiting.
Jack, awesome articles as always, quick question do you need a degree to become an agent, or what kind of road donyounsuggest for someone to get into the business. Thanks and I will continue read your articles!
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May 26, 2010
09:44 PM
Very sensible article. Thanks for the write up. An interesting read.