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Financial Suggestions for the First NFL Rookie Paycheck

Jake Martin@JakeMartinSECCorrespondent IIIMay 21, 2012

ASHBURN, VA - MAY 06:  Robert Griffin III #10 of the Washington Redskins practices during the Washington Redskins rookie minicamp on May 6, 2012 in Ashburn, Virginia.  (Photo by Patrick McDermott/Getty Images)
Patrick McDermott/Getty Images

With the contracts given to NFL rookies, the possibilities are limitless for their first purchase.

Nearly all of the draft picks in the 2012 NFL draft, if not all, will become instant millionaires once they sign their contracts with their respective teams. And that means that they have a big decision to make about what they'll buy with that first paycheck.

Most people would put money down on a house, but for the sake of being rich, why not go all out? After all, the players are making a transition from being a college student to a professional athlete, and that's quite the lifestyle change. 

I can't fathom what it's like to make the kind of money that these NFL rookies will make, but rest assured, I've thought about what I would buy if I had it. 

So NFL rookies, take it from a dreamer; you want to make a statement with your first purchase. 

Brand New Car

Everyone loves a nice car, so this is a good place to start. 

I'm talking about the top-of-the-line Ferrari or whatever your dream car may be. You're big-timing now, so when you arrive on the scene, your car has to reflect your image. 

Some of the NFL rookies are single, and knowing that they're going to a new city, having a nice ride is certainly a nice way to pick up women. And if you're not looking for women, you might want to buy something that's going to make you happy. 

Jet Ski

They say money doesn't buy you happiness, but I've never seen anyone frown on a jet ski before.

Have you? Because if you have, please let me know, and I'll admit that my point is invalid. But I'm 100 percent confident that I'm right about this one. 

Invest It

The responsible young adult in me won't let me mention these wonderful toys without bringing up another option.

Sure, cars and jet skis will offer a good time, but investing your money would be the responsible thing to do. This might be the best choice, but then again, investing your money isn't near as fun as pissing it away.

Take Your Teammates Out

And when it comes to blowing your money, taking your new teammates out on a night on the town is a fine way to do so.

You're the new guy on the scene, so you need to start bonding with your new team immediately and earn their respect and trust. Show your new teammates that you're one of the boys, and that bond you create that night will transfer over to the field in time.

When it comes down to it, it's the only logical option. 

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