@keewart posted:I was privy to two of my son's paystubs this year. (I have done his taxes every year until this year).
After NY state and Federal taxes (not including his home state taxes which he has to pay estimated taxes on), and the deduction for housing ($70 per night in a hotel for half the month/home games) he had $18 PER DAY for food, gas, golf and other sundries. Oh, I guess he had to pay clubby fees out of that, too.
So, after golf, there was no money to eat. Priorities
I am not sure if this is available still but I had been offered a few times, I want to say 6 years ago, the opportunity to invest in a fund that bought future earnings of minor league players. The fund would approach a player and offer him an amount based on a belief of ability to make an MLB roster in exchange for a percentage of his future earnings. For instance, they would agree to give a player $100k for 10% of all future earnings. This was to help the player with the lack of income but it is of course could be a terrible deal for the player if they hit it big. I can't recall if they built in caps. I didn't invest. $18 per day to live on is not possible.