Travis Kelce, the tight end for the Kansas City Chiefs, revealed that he was “damn near dead broke” at the end of his first year in the NFL. Despite having a contract worth millions of dollars, Kelce had little to show for his rookie season earnings aside from a pair of expensive shoes. He spent around $10,000 on the limited edition Nike Air MAG ‘Marty McFlys’. However, Kelce’s spending habits didn’t end there. He confessed to spending “way too much money in clubs” during his rookie year, particularly on VIP bottle service. As a result, he was nearly broke before the start of his second season. Kelce now advises rookies to avoid buying bottles in clubs, as it’s the fastest way to lose money.
Fortunately, Kelce’s financial situation improved over time. He signed lucrative contract extensions in 2016 and 2020, amounting to over $100 million. Additionally, he earns an estimated $3 million per year outside of football. As of fall 2023, Kelce has an estimated net worth of $30 million. His success on and off the field was further highlighted winning his second Super Bowl with the Chiefs in 2023.
Kelce’s journey from financial struggles to financial success serves as a lesson for young players entering the NFL. It emphasizes the importance of being mindful of spending habits and making wise financial decisions. Kelce’s story demonstrates the value of long-term financial planning and investing in opportunities beyond football.
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