Yadier Molina’s Net Worth

The term GOAT (Greatest of All Time) is being thrown around a lot lately.  Many people associate it with the greatest athletes, Tom Brady, Michael Jordan, and Tiger Woods to name a few.  When it comes to the GOAT of catchers in the MLB, some might throw the name Yadier Molina around.  A fifteen year MLB veteran, Yadier Molina’s net worth tops out at $45 million.

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Catcher Yadier Molina

A native of Puerto Rico, Molina has spent his entire professional baseball career with the St. Louis Cardinals organization.  Although he was drafted in the fourth round in 2000, he didn’t make his major league debut until 2004.

During his rookie season in 2004, Yadi appeared in 51 games for St. Louis.  It wasn’t until 2005 that he became the lead guy at catcher for the Cardinals.  He is known as being a very solid hitter at his position.  His career batting average currently sits at .283 and he has belted over 130 home runs thus far.

Many regard Molina as being one of the best catchers of all time.  It is his fielding ability behind the plate that has people calling him the GOAT.  He is an eight-time Gold Glove winner.  His most recent Gold Glove came during the 2015 MLB season.

While his hitting and catching ability are both impressive, the thing Yadi has to be most proud of are his World Series rings.  He has helped lead the Cardinals to two World Series titles in his career.  Molina played a critical role in helping the Cardinals win titles in both 2006 and 2011.

When it comes to getting paid, Yadier Molina is not shy about it.  He knows very well he is deserving of a top salary.  For the 2018 season, Yadi is the third highest paid catcher in the entire MLB and has the highest salary of any Cardinals player.

Just before the start of the 2017 MLB season, the Cardinals and Yadi agreed to a 3 year $60 million extension.  He is scheduled to make approximately $20 million in salary for the 2018, 2019, and 2020 seasons.  This extension has helped to greatly increase Yadier Molina’s net worth.

Molina is set to turn 36 years old this season.  With two more years remaining on his contract, he will be one of the oldest if not the oldest starting catcher in the MLB during the 2020 season.  Many have begun to wonder what the Cardinals plan to do after their catcher reaches retirement.  Currently, Yadi’s backup is a 28 year old named Francisco Pena who the Cardinals acquired during the offseason.

Even though Yadier Molina stays close to St. Louis during the baseball season, he still maintains a residence in Puerto Rico where he is from.  He has two older brothers, Benji and Jose Molina, both of whom had successful MLB careers of their own.

OTHER PROFESSIONAL ATHLETES NET WORTH

Kyle Korver’s Net Worth

Matt Ryan’s Net Worth

Drew Brees Net Worth

 

Kyle Korver’s Net Worth

The Cleveland Cavaliers and Golden State Warriors are meeting yet again in the NBA Championship.  While we are all familiar with many of Golden State’s stars, Steph Curry, Kevin Durant, and Klay Thompson, many aren’t too familiar with the Cavs players.

Sure we all know of Lebron James and a few others, but if you are not a basketball fan, you might not have heard of Kyle Korver.  He comes off the bench for Cleveland, and Kyle Korver’s net worth sits at $20 million.

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Cleveland Cavalier Kyle Korver

Korver was traded to Cleveland during the middle of the 2016-2017 NBA season.  He is now playing in his second championship series with the Cavs.

A former second round draft pick in the 2003 NBA draft, Kyle is currently playing in his 15th season as a professional.  The 6’7″ Korver excelled in the early 2000’s as a member of the Creighton Bluejays basketball team.  In his senior season, he averaged nearly 18 points per game and shot 48% from three-point range and over 90% from the free-throw line.

He was selected 51st overall by the New Jersey Nets (now the Brooklyn Nets) but was eventually exchanged to the 76ers where he began his career.  While in Philadelphia, Kyle became a part time starter.  In the 2006-2007 season, he averaged a career high in points per game with 14.4.

Kyle has played for a total of five NBA teams.  The teams include the Philadelphia 76ers, the Utah Jazz, the Chicago Bulls, the Atlanta Hawks, and the Cleveland Cavaliers.  Only on one of these teams did he become a full time starter, and that was with the Atlanta Hawks.

Despite coming off the bench for the Cavs this season and being 37 years old, Korver’s numbers are right up there with his career averages.  His career averages in three-point percentage, 43%, and free-throw percentage, 88%, rank him among the top all time in the NBA.  In fact, in the 2009-2010 season while playing for the Jazz, Korver set and still holds the NBA record for highest three-point shooting percentage in a regular season.

Even though he hasn’t signed a massive contract like the ones seen today, Kyle Korver’s net worth can be mostly attributed to his $70 million in NBA career earnings.  He is currently earning $7 million this season for the Cavs, and he is expected to make around $7.5 million per season for the next two years according to his contract.

In the upcoming seasons, Kyle Korver’s net worth could close in on the $30 million mark.  However, in order for him to surpass that he will need to be playing until he is at least 40.

LINKS TO OTHER ATHLETE NET WORTHS

Matt Ryan’s Net Worth

Kenneth Faried’s Net Worth

Jason Witten’s Net Worth

Matt Harvey’s Net Worth

Jarvis Landry’s Net Worth

Matt Ryan’s Net Worth

Summer is fast approaching and NFL football is many months away; however, that doesn’t mean there isn’t any news being made around the league.  Teams are now beginning their summer workouts.  Matt Ryan and the Atlanta Falcons, hope to return to the playoffs again this year with sights set on the Super Bowl.  Matt Ryan has had quite an offseason.  Matt Ryan’s net worth is now at $90 million.

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Falcons QB Matt Ryan

Most would agree that Matt Ryan is well on his way to the Hall of Fame.  The Falcons quarterback just completed his tenth NFL season, all of which have been in Atlanta.  A former number three overall pick in the 2008 NFL draft, Ryan has lived up to the hype.  The 33 year old has thrown for over 41,000 yards and 260 touchdowns during his tenure.  Although his stats fell last season, it was his 2016 Super Bowl run that helped seal him a gigantic contract this offseason.

Earlier this month, Ryan and the Falcons organization agreed to a five year $150 million contract extension.  This contract came a signing bonus of over $46 million.  It was this bonus that helped to jump Matt Ryan’s net worth to nearly nine figures.

Even though he just signed a large contract, Matt Ryan’s net worth got off to a hot start as soon as he was drafted in 2008.  His initial rookie contract was worth $67.5 million for the first six seasons.  Because of the consistent play he exhibited on a yearly basis, the Falcons extended their quarterback’s tenure with the team in 2013.  In 2013, he signed a five year deal valued at over $100 million.

After the 2018 NFL season, Matt Ryan’s career NFL earnings will top $200 million.  While it may sound absurd that any professional athlete will earn so much during their career, one must remember that athlete salaries have been trending steadily upward over the last decade.  One could make the point that Ryan has earned his keep.  He has been named to the Pro Bowl four times, and was awarded the 2016 NFL MVP.

The contract just extended to Matt Ryan will keep him in Atlanta until the quarterback turns 38.  We anticipate that after the 2022 season another contract extension will be worked out unless Ryan opts to retire.  If he is able to play through the end of his extension, Ryan’s career earnings will top $300 million and Matt Ryan’s net worth will easily be in the nine figure range.

Signing a large contract isn’t the only exciting news that has occurred for Matt Ryan over the offseason.  Matt and his wife welcomed twins.  Despite having two new mouths to feed, we can be assured that Matt has his financial situation worked out for his two new sons,

Matt Harvey’s Net Worth

The 2018 MLB season is almost a quarter of the way over.  While there is still a lot of baseball to be played, headlines have been made thus far.  One of these headlines deals with the trade of pitcher Matt Harvey.  Harvey had spent his entire professional baseball career with the New York Mets until earlier this month.  On May 8, 2018, the New York Mets traded their pitcher to the Cincinnati Reds.  Matt Harvey’s net worth sits at approximately $7 million.

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MLB Pitcher Matt Harvey

Matt Harvey is a former seventh overall pick in the 2010 MLB draft out of North Carolina.  His signing bonus right out of college exceeded $2.5 million.  This initial signing bonus started the ascension of Matt Harvey’s net worth throughout his MLB career.  He spent some time with the Mets minor league organizations before being called up during the 2012 season.  He started ten games that year and impressed his coaches and fellow players with a 2.73 ERA (earned run average).

Matt continued to improve upon his rookie campaign and over the next two seasons played was a full time starter in the Mets rotation.  In 2015, he set career bests in innings pitched (189.1) and wins in a season (13).  He also won the NL Comeback Player of the Year award during the 2015 campaign.  This was due to the fact he missed the entire 2014 season because of Tommy John Surgery.

Although he is only beginning his fifth full season of pitching in the MLB, Matt Harvey has yet to sign a massive contract that many pitchers enjoy.  He will be making a little more than $5.5 million this season which helps boost Matt Harvey’s net worth.  If he is able to turn in a respectable season, then the Reds or any other team, will have the opportunity to sign him to a new contract this offseason.

At the conclusion of this season, Harvey’s career MLB earning will be just shy of the $20 million mark.  While this might seem like a large chunk of change to many Americans, it fails in comparison to what some MLB pitchers are earning.  For example, Clayton Kershaw will earn over $35 million in salary this year alone.

No matter what happens at the conclusion of these season, one can expect for Matt Harvey to be pitching as a starter in the MLB next year.  A long term contract is most likely in his very near future, and it is this contract that should be able to push Matt Harvey’s net worth into the eight figure range.  It will be interesting to see how the Cincinnati Reds plan on using Harvey this season.  They already have a full pitching staff along with a starting rotation.  Regardless of where he’ll fit in, Harvey should enjoy the lower state income tax rates he’ll be paying in Ohio versus New York.

Budget Smart, Invest Wise

Kenneth Faried’s Net Worth

While the National Basketball League is currently in the middle of the playoffs, many teams are sitting at home forced to watch it on TV.  One of those teams is the Denver Nuggets.  Although the Nuggets finished the regular season ten games above .500, they missed out on the playoffs by a mere victory.  Part of the reason they fell short of the playoffs could be attributed to the absence of Kenneth Faried.  Kenneth was plagued by injuries throughout the season, only appearing in 32 contests for the Nuggets.  What is Kenneth Faried’s net worth?  Kenneth Faried’s net worth currently tops out at $11 million.

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Kenneth Faried’s Net Worth

Nicknamed the “Manimal”, Faried was drafted by the Denver Nuggets in the first round of the 2011 NBA draft.  Although he wasn’t widely known in college, Kenneth excelled as a top player for Morehead State.  In his senior season, he averaged a double-double and led the NCAA in rebounds for the year.

His rookie season got off to a slow start, but he eventually started to see his minutes increase due to the injuries of others.  He averaged over ten points and seven rebounds a game in his rookie season leading him to be named to the NBA All-Rookie First Team.  In his first season with the Nuggets, Kenneth Faried earned just over $1 million in salary; however, it would be a later extension that gave rise to Kenneth Faried’s net worth.

Faried continued his strong play during the first four seasons of his career.  This eventually led to him signing a four year $50 million extension with the Nuggets.  It was this contract that helped push Kenneth Faried’s net worth to the eight figure mark.

Despite having much success at the beginning of his professional career, many worry that Faried is now past his prime.  Even though he is only 28 years of age, his statistics have steadily dropped over the past two seasons.  For the 2017-2018 basketball season, he averaged a career low in points per game and rebounds per game.

The Denver Nuggets have one year remaining on the contract for their power forward.  Faried is scheduled to make nearly $14 million next season.  Many in the basketball world have speculated that the Nuggets might look to trade Kenneth during the offseason to help free up some cap space.

Assuming he is able to play the entirety of the 2018-2019 NBA season for his guaranteed contract, we expect Kenneth Faried’s net worth to increase by approximately $4 million.  It is an unfortunate thing that Kenneth’s play is beginning to go downhill at this point in his career.  We have seen many professional athletes ink enormous contracts with the ever-growing cap space.

Other NBA players net worth:

Klay Thompson’s Net Worth

Giannis Antetokonmpo’s Net Worth

Jason Witten’s Net Worth

Last week was the 2018 NFL draft.  Hopes and dreams were accomplished by hundreds of young men.  Many became millionaires overnight thanks to large contracts.  One of the biggest story lines from last week in the NFL wasn’t on those beginning their careers, but on a player ending his.  Jason Witten announced he will retire from the NFL.  While this did come as a shock to most, the fifteen year veteran believes it is now time for the next phase of his career.  Jason Witten’s net worth sits at $25 million.

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A tight end from the University of Tennessee, Witten was drafted by the Cowboys in the 3rd round of the 2003 NFL draft.  Unlike most, he spent all fifteen years of his NFL career in Dallas.  Jason reportedly wants to become a broadcaster, thus his reasoning for retiring.  He is almost a certain Hall of Fame inductee in the years to come.

Jason Witten signed his first NFL contract back in 2003.  His original deal was for $1.58 million over four years.  His play on the field was rewarded, and he would eventually sign additional contract extensions with the Cowboys.  His first extension came in 2006 and was for six years and $29.5 million.  Five years later the Cowboys added on additional years to his contract.  His largest extension was this one that paid him $37 million over five seasons.  It was this extension before the 2011 season that really gave rise to Jason Witten’s net worth.

His career as been nothing short of astonishing.  Witten amassed over 1100 catches during his career to go along with over 12,000 receiving yards.  Additionally, he was the recipient of 68 touchdowns.  Although his production has tapered off in recent years, he had four seasons of at least 1000 yards receiving.  In 2010 he set his season best with nine touchdown catches.  He holds the Cowboys franchise record for career receptions and career receiving yards.

While his stats are impressive, so are his NFL accomplishments.  He has been named to the Pro Bowl eleven times throughout his career.  He also won the 2012 Walter Payton NFL Man of the Year award that goes to the NFL player who exhibits off-field leadership in areas of volunteer work and charity.  He is the first and only tight end to ever receive the award.  The only thing Witten lacks from a near stellar career is a Super Bowl ring.

Witten is married to his wife Elizabeth and the couple has four children together.  There have been rumors that Witten is poised to accept a broadcasting position with ESPN for the 2018 NFL season.  ESPN is ready to offer him a multi-million dollar a year deal.  If Witten is able to sign such a lucrative contract with ESPN, Jason Witten’s net worth can continue to steadily increase in the years to come.

 

 

 

Jarvis Landry’s Net Worth

Jerry Rice will go down as one of the greatest wide receivers ever in the National Football League, but even Jerry won’t make as much money as the top wideouts make now.  Mike Evans recently set a contract record for annual salary per season with his most recent contract, but a close second place will go to Jarvis Landry.  Landry spent the first four seasons of his NFL career with the Miami Dolphins.  He recently signed a massive contract and switched teams to the Cleveland Browns.  Jarvis Landry’s net worth is $2 million.

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NFL WR Jarvis Landry

A star wide receiver at LSU, Jarvis played three seasons for the Tigers before declaring for the 2014 NFL draft.  He was selected in the 2nd round by the Miami Dolphins.  In his first four NFL seasons with Miami, Landry posted at least 80 catches and 750 yards receiving in each season.  During the 2017 campaign, he set career bests for receptions, 112, and receiving touchdowns, 9.  Because of his dominance early in his career, the Dolphins knew they were going to have to pay to keep their top wideout around.

Miami was unwilling to open their checkbook for Jarvis, which ultimately led to him being traded to the Cleveland Browns in exchange for a couple draft picks.  Not long after he was traded, Jarvis Landry signed a new long term contract valued at $75 million over five seasons.

With his new contract signed, expect Jarvis Landry’s net worth to increase dramatically over the next few years.  He is currently living off his initial contract which was valued at $3.47 million upon entering the NFL.  He is projected to make over $15 million this season alone, more than four times the money he made his first four seasons in the league.  Is he deserving of such a lucrative contract?  The simple answer is yes.

Jarvis Landry is a three time Pro Bowler, making the cut each of the past three seasons.  In 2017, he led the NFL in receptions with 112.  Although the Browns still have some questions around the quarterback position for the upcoming season, expect Landry to be the top target of whoever is throwing him the ball.

Jarvis’ top athletic ability was seen from an early age.  He was a three-sport athlete in high school and was a five-star recruit coming out.  He signed with the LSU Tigers which would keep him in the state he grew up in.  He comes from a family of football players and is really good friends with former LSU wide receiver Odell Beckham Jr.

The Cleveland Browns have just one win over the past two seasons.  Jarvis is hoping that he and a lot of young talent can help turn the organization around.  While it may take a few years of development before the Browns reach the playoffs, Jarvis Landry’s net worth is making an immediate climb beginning this season.

What Should a Millennial Spend on Rent

Rents have been steadily increasing throughout the United States over the past decade.  Ever since the financial crisis, people have somewhat shied away from home ownership and opted to rent.  With the demand for rentals on the rise, a sharp increase in monthly rents has been a clear side effect.  The old rule of thumb used to be 30% of one’s income should be spent on rent; however, we are now seeing a burden like never before.  What should a millennial spend on rent?  The simple answer is as little as possible.Image result for what should a millennial spend on rent

Millennial’s are those born from the late 1980’s to the early 2000’s depending on who you ask.  These individuals tend to have a high burden of student loan debt, which makes it all the more concerning that they are spending high amounts on their monthly rent.  A recent report came out showing that millennial’s will spend close to six figures, yes, $100,000 on rent before they turn 30.  That is a staggering amount considering that most are also in the process of trying to pay off student loan debt.

3 WAYS TO NOT SPEND 6 FIGURES ON RENT BEFORE 30

  1. Get a roommate.  Sharing a two bedroom with a friend is a simple and easy way to save money every month.  Sure two bedrooms cost more than a one bedroom, but when you split it two ways, it comes out to about a 30% savings versus living on your own.  This isn’t a long term solution, but it is a good way to free up additional income every month.
  2. Move in with a significant other.  While some will shy away from this advice, there are many benefits to doing so.  I knew a couple who had to live apart until the day they were married for various reasons.  They chose to do this in order to respect the wishes of others.  However, they were basically spending an extra $1000 a month on an additional apartment that got little to no use, all to please a few.  They could have used that money to build up an emergency fund or increase their down payment on a future house.
  3. Buy a house.  While buying a house requires more responsibility and obligations than renting, it is also a good choice to lower your monthly expenses and build equity.  For example, a $200,000 loan on a property with 20% down will give someone a monthly payment of approximately $1250 a month.  Depending on the area of the country you live in, it will almost certainly be cheaper than paying someone else to rent.

CONCLUSION

While some see a benefit to renting, there are also many drawbacks financially.  Although we can’t exactly put into numbers what should a millennial spend on rent, there are ways to reduce your monthly expenses.  Whether you are able to implement one of the solutions above into your situation or not, living costs will be your largest expense every month.

Budget Smart, Invest Wise

 

Why You Should Not Cosign a Loan

Mike was a recent college grad.  He found himself a good job, but was having issues with the vehicle he had driven since he was 16.  It was time for Mike to get a new car.  He went ahead and found a car he liked at a local dealership, but when he went through financing he got stuck with a 12% rate!  Why so high?  Mike didn’t have any credit.  He had to get his mother to cosign a car loan with him in order to bring down the interest rate.

The new interest rate Mike was able to get for his loan was now 3%.  This would lead to thousands of dollars in savings over the life of the loan,  all because his mother, who had a credit history, signed it with him.  Did Mike’s mom do the right thing?  Probably yes, she trusts her son and knows he just got a good job, but many people cosign a loan not thinking about any of the consequences.  Below are 3 reason why you should not cosign a loan.

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WHY YOU SHOULD NOT COSIGN A LOAN REASON #1

You are responsible for the loan if the person you cosign with cannot make payments.  In Mike’s situation above, his mother knew that signing a loan with her son would save him thousands of dollars, but if Mike suddenly lost his job or forgot to make payments, then his mom becomes the responsible party.  Never cosign a loan with someone you don’t think can make the payments.

WHY YOU SHOULD NOT COSIGN A LOAN REASON #2

Your credit score can be affected, both positively and negatively.  An institution loaning you the money can offer a lower interest rate with a cosigner because they have mitigated the risk of default for the loan.  If you cosign a loan and the loan is repaid in full, you can see your credit score rise, but if the loan goes into default, it can hurt your score and lower your chances of getting future financing.

WHY YOU SHOULD NOT COSIGN A LOAN REASON #3

Once you add your name to a loan you cannot take it off.  If you and a friend cosign for a loan together, then you better hope that friendship doesn’t go south anytime during the loan.  Relationships sometimes fizzle and don’t work out.  It is best to make sure that emotions don’t get the best of you when cosigning for a loan.

FINAL THOUGHTS

Cosigning a loan can be a good way for someone to build credit.  It is also important to remember that you are taking a risk on building someone else’s credit for the sake of your own credit.  Sometimes people can make financial decisions based on emotions, cosigning a loan is a perfect example of a financial decision that should not be made on an emotional level.

Budget Smart, Invest Wise

What is the net worth of Giancarlo Stanton?

Who does the richest contract in all of professional sports belong to?  The answer is none other than New York Yankees player Giancarlo Stanton.  The 28 year old is spending his first full season with the Yankees organization after being traded from the Miami Marlins this offseason.  Before leaving Miami, Giancarlo signed the largest sports contract valued at $325 million over 13 years.  What is the net worth of Giancarlo Stanton?  Giancarlo Stanton’s net worth currently sits at $15 million.

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NY Yankee Giancarlo Stanton

Drafted in the second round of the 2007 MLB draft, Stanton spent the first few years of his professional career in the Marlins minor league organization.  Giancarlo was eventually called up during the 2010 season and had been on the Marlins roster ever since.  That is until the New York Yankees came calling.

In December 2017, the Yankees sent three of their players to Miami in exchange for Giancarlo and $30 million cash.  The $30 million was to help pay for his salary.  Stanton is scheduled to make $25 million this season, tops on the Yankees roster; however, that salary is a mere 13th in overall value for the 2018 season when compared to the rest of Major League Baseball.

So what is the net worth of Giancarlo Stanton?  As stated earlier, it currently sits at $15 million; however, it has the chance to increase dramatically over the next few years.  Giancarlo is scheduled to make $25 million this season and $26 million for both the 2019 and 2020 seasons.  These three years total up to $77 million in earnings.  By the end of the 2020 season, Giancarlo Stanton’s net worth could reach in excess of $40 million.

After the 2020 season, Stanton will have eight years remaining on his current contract with the first seven years being a player option.  If he is able to complete the full 13 years of his contract, Giancarlo Stanton’s net worth could climb to as high as $150 million.  At that point he would easily be one of the top earners among professional athletes.  Since Major League Baseball contracts tend to be fully guaranteed, there is a high probability that his net worth will touch the nine figure mark.

Based on the amount of salary Giancarlo is demanding throughout his contract, it is obvious the Yankees are hoping he produces at a high level.  In his first game at Yankee Stadium in uniform this season he was booed by the local fans.  He followed this up the following day with a home run and quickly earned his spot among the New York faithful.

Stanton has the physical prowess needed to be a professional athlete.  At 6’6” in height and 245 pounds, he was a three sport athlete in high school out in California.  Although he accepted a baseball scholarship at Tulane, he opted to instead enter into his professional baseball career and the $475,000 signing bonus that came along with it.