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Turns Out Gronk Is Actually Really Smart with Money
So Rob Gronkowski wrote a book. Or I guess I should say, Rob Gronkowski “wrote” a book, since his agent Jason Rosenhaus also gets an author credit. It’s a pseudo-memoir called It’s Good to Be Gronk, and it ships on July 14.
Obviously, since this is Gronk we’re talking about here, the book is filled with some ridiculous stories about debaucherous parties and drunken brawls. However, it also features some more surprising revelations. The biggest is that Gronk almost cashed in a multimillion-dollar insurance policy after undergoing back surgery as a junior at Arizona that would have kept him out of the NFL. (Think about that, Patriots fans.)
Then there’s this excerpt about Gronk’s lack of excess, including his smart money management:
“To this day, I still haven’t touched one dime of my signing bonus or NFL contract money. I live off my marketing money and haven’t blown it on any big-money expensive cars, expensive jewelry or tattoos and still wear my favorite pair of jeans from high school… I don’t hurt anyone (except Gord with the occasional kick to the groin), I don’t do drugs, I don’t drive drunk, I don’t break the law… I’m a 23-year-old guy just looking to have a fun time.”
That’s right. Gronk says he lives off his endorsement money and hasn’t touched the money he’s earned playing football.
So how much money has Gronk not touched? Well, he signed a $54 million, 6-year contract a few years back that included an $8 million signing bonus and $13.17 million guaranteed. So we’re talking about a lot of savings and investments.
I never thought I’d say this, but more NFL players should be smart like Gronk.
Hat Tip – [MMQB]