Ex-Raider Phillip Buchanon shares lessons learned - SFGate
The unwritten rules come with the new money. Every young pro knows them, and when the Raiders drafted Phillip Buchanon from Miami in 2002, he knew that the first is to buy your mother a house. “My mom demanded a $1 million house,” Buchanon said. It’s the expectation — the demand — of it that you don’t know about until you’re there. The second unwritten rule is to make it sprinkle, if not fully rain money on extended family, too. he was the first person I hit in pads (in football) — he said if I didn’t give him $10,000, he was going to rob that much from me,” Buchanon said. They’re the third unwritten rule. You’re expected to bring one or two into the good life with you. Because if you don’t, you might be invaded at 3 a. m. by four or five men wearing ski masks, made to strip naked and have a gun stuck in your mouth if you don’t hand over $20,000. Like Buchanon said he was. I didn’t have $20,000 on me. I’m not that kind of person, running around with that kind of money. This is what the 10-year pro talked about recently at an NFL rookie symposium. It’s the cautionary lesson behind his book, “New Money: Staying Rich. He talks about ideas he wishes someone mentioned to him as a young pro. NFL players make an average $3. 2 million, and one in six. Source: www.sfgate.com
