Rob Gronkowski Hasn't Spent a Dime of NFL Millions
Patriots tight end says he lives 'off my marketing money'
By Arden Dier,  Newser Staff
Posted Jun 23, 2015 11:33 AM CDT
New England Patriots tight end Rob Gronkowski (87) on the bench during the second half of NFL Super Bowl XLIX football game Sunday, Feb. 1, 2015, in Glendale, Ariz.   (AP Photo/Patrick Semansky)

(Newser) – Sean Avery could take a page from Rob Gronkowski's book—literally. Gronkowski of the New England Patriots has raked in more than $16.3 million in signing bonuses and contract money over five seasons in the NFL and, incredibly, hasn't spent a penny of it, according to an excerpt from his autobiography It's Good to be Gronk, per theMMQB.com. "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," the tight end explains. Gronkowski, who started out making $320,000 and $450,000 in his first two seasons, respectively, has counted BodyArmor SuperDrink, and Dunkin' Donuts among his endorsers, reports Business Insider.

Gronkowski stuck to his financial plan after signing a six-year, $54 million contact with an $8 million signing bonus, but that isn't possible for everyone. In fact, one in six NFL players will file for bankruptcy within 12 years of leaving the league, according to a study published earlier this year, per the Washington Post. About 2% of players filed for bankruptcy two years after retirement, despite making an average of $3.2 million over their careers. "This is one group that you might think ought to be able to avoid bankruptcy. They're in a position to buy some good advice if they need it," a financial expert said. "But even for them, with all these millions, it's a challenge." The report found NFL players file for bankruptcy at about the same rate as non-athletes of the same age.
 

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