Report: Oliver Luck getting $20 million guaranteed from the XFL

cowboys_069It’s not the $40 million per year that NFL Commissioner Roger Goodell makes, but new XFL Commissioner Oliver Luck will be able to buy steak whenever he wants.

According to SportsBusiness Journal (via Rachel Bachman of the Wall Street Journal), Luck will receive $20 million guaranteed over multiple years as the leader of Vince McMahon’s resurrected football venture. The number could end up going north of $30 million, if the league succeeds.

The number of years in multiple is key, for a couple of reasons. First, it reveals the average salary; $20 million over three years obviously has much more annual value than $20 million over five years. Second, it may shed light on the number of years that are funded by McMahon for the second attempt to make the XFL a first-class operation.

Regardless of how it turns out, Luck will be getting real money to turn the XFL into a real football league. If similar money is available for players, the tug of war between the AAF and the XFL could get interesting.

Coming from Pick 147 to being cut and spending a whole year on the practice squad, then next switching positions and playing something I’ve never played before to securing at least $3 million this year for my family, Allen said. I don’t think there is anyone around that doesn’t think I can/shouldn’t make more, but I’m grateful.

Allen was a fifth-rounder in 2014, but was cut as a rookie and spent the season on the practice squad, which is why he was a restricted free agent rather than on the last year of his rookie deal. They could still sign him to a longer-term deal before the start of the regular season.

Second, Mendenhall suggested that four of five players who succeed in the NFL are destined to leave the game broken, in multiple ways.

The lucky ones that make it to their second contract — that means there is some sustainability — when they leave the NFL, they are all of the following — this is 78 percent, almost 80 percent, Mendenhall said. They are divorced, bankrupt, a substance abuser and disabled, all four. That’s almost 80 percent of the lucky ones that make it to their second contract.

So 80 percent of all players who earn a second contract in the NFL, according to Mendenhall, leave the game divorced and bankrupt and a substance abuser and disabled. Not one of the four. All of the four.

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