Odell Beckham Jr. Says $20M/Year Isn’t Big After Taxes — Can It Last?

Odell Beckham Jr.'s recent comment that a $20 million-a-year NFL payday “isn't so much” once taxes are taken into account has reignited a familiar conversation about the financial realities facing elite athletes. High nominal salaries can mask substantial tax liabilities, agent fees, lifestyle spending and the short earning window of a professional sports career.

For many players, the headline number on a contract is only the starting point. Federal, state and local taxes, plus payroll deductions and fees, can reduce take-home pay materially. Add in upfront signing bonuses that may be taxed differently, agents' commissions, and the pressure to maintain an elevated lifestyle, and even multi-million-dollar annual contracts can feel transient.

Making a large contract last requires planning and discipline. Key steps include comprehensive tax planning to use legal strategies that defer or reduce current liabilities; establishing a realistic budget that separates long-term wealth goals from discretionary spending; and prioritizing investments that generate sustainable income. Diversified portfolios, real-estate allocations and vehicles like tax-advantaged retirement accounts can help preserve capital and produce cash flow after playing days end.

Equally important is structuring guarantees and timing in contracts. NFL deals can be heavily backloaded or include non-guaranteed years; players who negotiate more guaranteed money and consider how signing bonuses are paid can improve long-term security. Income diversification through endorsements, media roles, business ventures and education also helps smooth the transition from on-field earnings to post-career revenue.

Advisors play a central role. Reputable financial planners, tax professionals and attorneys can craft bespoke strategies that reflect a player’s timeline, risk tolerance and personal goals. Transparency and oversight are crucial to avoid common pitfalls, such as overleveraged investments or high-fee schemes.

Beckham’s remark is a reminder that headline salaries don’t guarantee lifelong financial comfort. With informed tax strategies, conservative spending, disciplined investing and credible professional advice, big paydays can be transformed into lasting financial security rather than fleeting wealth.