If you’ve ever seen ESPN’s 30 for 30 episode “broke” then you know how easy and how often pro athletes run out of money after extravagant spending during the highlight of their careers.
Such is not the case though for Patriots tight end Rob Gronkowski.
In his book “It’s good to be Gronk” revealed that he’s very smart when it comes to his money:
“To this day, I still haven’t touched one dime of my signing bonus or NFL contract money. 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. … I don’t hurt anyone (except Gord with the occasional kick to the groin), I don’t do drugs, I don’t drive drunk, I don’t break the law.”
This may come as a surprise to some as Gronkowski has a reputation for his frequent partying.
But thanks to his stellar performance on the football field and his frat boy personality he’s been able to make himself into a marketable player. Which allows him to grab endorsement deals from various companies including Dunkin’ Donuts, Monster energy drink, and Bodyarmor SuperDrink just to name a few.
Meaning he still hasn’t spent a dime of his $54 million extension deal that signs him through 2019 and that doesn’t even include his $8 million signing bonus.
Rob Gronkowski is living proof that managing your money is one of the most important basic life skills that an athlete can learn.
If you want to learn more on how to budget properly for bills, meals, clothing, and other expenditures, we recommend reading our “Top 10 Basic Life Skills That All Student-Athletes Must Learn.”