Detroit Lions wide receiver Ryan Broyles landed a contract with more than a million in guaranteed money, but he's stashing almost all of it away for the sake of his family.
The baller put himself and his family (wife Mary Beth and baby Sebastian Reid) on a $60,000 a year budget to make sure that however long his NFL career lasts, that contract – and possible future contracts – would set him up for life, according to ESPN.
That budget amount includes food, lodging, entertainment and living expenses for the three of them. For most American families, that's not a low amount. But, for a player in the league, living on that budget is pretty rare. "I studied as much as I could," he told the network, revealing how an NFL rookie symposium made him think about his financial future. "Talked to people wealthier than me, smarter than me. So that definitely helps."
Ryan invests his money and he and his wife both drive Mazdas. It's helped him learn how to better spend his money. "Then you know how much you can invest, how risky you can be," Ryan told the network about his plan. "When I was hitting the same budget over three, four, five months, it was all right, this is what your budget is and I had some spending money.
In 2012, Ryan signed a four-year contract worth $3.6 million with $1.42 million guaranteed. Now that he's entering into his last year of his rookie contract, he has no guarantee he'll make the Lions' roster. Ryan said his budgeting has helped him be able to play football for the love of the game and not the money. "The pressure I put on myself is just being the best player I am," he said. "I would never play [just] for money, you know what I mean, that's not my intentions whatsoever."
In addition to playing football, Ryan has also started traveling for speaking engagements and is promoting a video game that has "a message of frugality," ESPN reported. Considering that 80 percent of retired NFL players go broke, according to Forbes, way more might want to listen to Ryan's mantra.