Former Penn State RB Saquon Barkley explains why he won't be spending any of his NFL money
Former Penn State RB Saquon Barkley was the No. 2 overall pick in this year’s NFL Draft, going to the New York Giants.
He’s already one of the most-popular rookies in the league, and has endorsement deals from Nike, Pepsi and others to prove it.
On Friday, he said he is going to live off of those endorsement deals and won’t spend any of his NFL money, instead choosing to invest it, following the example of guys like Rob Gronkowski and Marshawn Lynch (via ESPN.com):
“Once I realized when I declared for the NFL draft and kind of realized where I was going to be drafted, that was something I was like, ‘You know what? Kind of want to follow the Marshawn Lynch method. I don’t want to touch that,” Barkley said on the red carpet for the CC Sabathia Celebrity Softball Game on Thursday night. “I want to invest it, put it in the right people’s hands and learn as I continue to make investments. And just live off the endorsement deals.'”
Today’s athletes are learning from the high-profile mistakes of some of their predecessors, investing their money wisely instead of spending it as fast as they get it.
Barkley has already used some of his endorsement money to buy his parents a new house, and he’s working to set himself up for life after football, too.