NFL Quarterbacks Making Smart Financial Decisions

The life of an NFL quarterback can be lucrative, but it's not always as glamorous as it seems. With short careers and no guarantee of a contract, many players are finding ways to save money and make smart financial decisions. Two such players are San Francisco 49ers starting quarterback Brock Purdy and New York Giants rookie quarterback Tommy DeVito.

Purdy, who has a contract worth around $3.7 million over four years, is making the most of his situation by sharing a home with one of his teammates, an offensive lineman. The rent in San Francisco can be steep, averaging just over $4,500 per month for a 2-bedroom apartment. By splitting the cost with his roommate, Purdy is able to save money and allocate it towards other important aspects of his life.

DeVito, who was drafted last in the 2022 NFL draft, is also taking steps to manage his finances wisely. Despite having a three-year contract worth up to $2,705,000, he isn't guaranteed the full amount. If he's cut from the team, he loses the money. To mitigate this risk, DeVito has chosen to share an apartment with one of his teammates, earning roughly $44,000 per week for every game he plays.

Chris Mankoff, a certified financial planner in Plano, Texas, believes that both Purdy and DeVito are making smart financial decisions. 'This is a very smart financial decision on Tommy DeVito's part, because he is not guaranteed a contract and is up against the extremely short career span that a majority of NFL players have,' Mankoff says.

In fact, it's becoming increasingly common for rookie quarterbacks to cut back on costs in order to save money. For example, Purdy's salary for his second season with the 49ers is barely more than the league minimum, earning $870,000 according to salary-tracking site Spotrac.

While these financial decisions may not be as glamorous as signing a massive contract like the one New York Jets quarterback Aaron Jones signed in March (worth $140 million over four years), they are crucial for players who want to make the most of their time in the NFL. By being smart with their finances, Purdy and DeVito are setting themselves up for success both on and off the field.

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