Biography & Early Wealth Journey

Washington Redskins safety Duke Ihenacho went on the most notable tirade, taking several tweets to air his opinion:

      
"All this guaranteed money NBA throwing. Meanwhile the NFL, which generates the most money wont even make the league minimum $1M."

      
— Duke Ihenacho (@NachoLyfe) July 1, 2015

    
      
"Yes $1M minimum. That means every single player's salary in the NFL should start there. Highest risk of injury..brain trauma, richest league."

      
— Duke Ihenacho (@NachoLyfe) July 1, 2015

    
      
"No security in football. Obviously unless you hit the lick."

      
— Duke Ihenacho (@NachoLyfe) July 1, 2015

Primary Income Streams & Multi-Million Contracts

Elsa/Getty Images

Elsa/Getty Images

As far as guaranteed money is concerned, he is way off-track. There are plenty of players with guaranteed money in their contracts. Not nearly as much as the NBA, but that is because the NFL owners are not idiots.

Every season there is at least one marquee player who signs a big deal with a lot of guaranteed money and he flops completely. Even though he plays terribly, the team is stuck with him because his contract is guaranteed. They could cut him and some teams do, but they still have to pay him – even if he signs with another team.

Trending Wealth Dossiers:

Real Estate, Luxury Assets & Personal Investments

Duke Ihenacho is right about one thing: The NFL generates much more than any other league in the world, with revenue of $11.2 billion last season. NBA numbers for last season have not yet been made available, but for the 2013-14 the NBA generated $4.79 billion.

The league minimum for a rookie currently sits at $435,000. Minimum for a 10-year veteran is $970,000. Minimum for rookies in the NBA is not much more, at $525,000, while 10-year vets will get close to $1.5 million.

However, Ihenacho – along with the other guys who share his view – forgets some very important things.

If you just look at the amount of money generated, it would seem like the NFL could easily afford to pay everyone a minimum of $1 million, but what Ihenacho is forgetting is that there are 53 guys on NFL rosters getting paid while there are only 13-14 players on NBA rosters. When you only have to split $67 million among a dozen or so guys, you can pay them a lot more (and with the rules in place they can pay them even more).

Wealth Trajectory & Future Earnings Projections

The NFL salary cap is expected to be twice as much as the NBA's next year ($143 million), but has to cover the salary of 53 guys. With many guys having at least one guy being paid close to $20 million, a handful in the teens, and a several around $10 million, the money adds up pretty quickly.

For the NFL to pay everyone at least $1 million, there are certain things that will have to happen. Veterans are going to have to take pay cuts. Ben Roethlisberger, Peyton Manning, and the league's other superstar's can't make $20 million a season if every single player is going to make $1 million.

Since that will never happen during the next collective bargaining agreement, the players are going to have to get the owners to take a smaller cut, but consider the size of the cut they would have to take in order for every player in the NFL to make at least $1 million?

It will never happen. These rich guys like their money too much, and the players will always need to get paid more than the owners.