I think I'll actually miss making fun of him. The Raiders are trying to improve! Clayton: Raiders preparing to cut Russell http://espn.go.com/blog/nflnation/post/_/id/23022/clayton-raiders-preparing-to-cut-russell John Clayton just said on ESPN’s “NFL Live” that the Raiders are preparing the process of cutting quarterback JaMarcus Russell. Clayton said it is not a matter of if, but when Russell will be cut. He also said the team could release Russell before Oakland’s minicamp, which runs Friday through Sunday, and that there is no trade market for him. The Raiders will save more than $6 million if they cut Russell this year. Russell was the No.1 overall draft pick in 2007 and Oakland has paid him more than $36 million for three extremely unproductive seasons. The team decided to give up on Russell when they traded for Washington’s Jason Campbell during the draft. I wrote Saturday that the Raiders needed to cut Russell now. It seems Oakland feels the same way. Lets see when it officially happens.
He'll be able to replace Jenkins soon if he keeps gaining. What team in their right mind would sign Russell after his massive fail in Oakland?
The Oakland Raiders will release quarterback JaMarcus Russell, possibly as early as Tuesday evening, NFL sources told FanHouse's Nancy Gay. This move has no doubt been in the works since Oakland swung a deal with the Redskins for QB Jason Campbell on Saturday. NFL Network's Micahel Lombardi reported shortly thereafter that Russell would likely be cut this week, and ESPN's John Clayton reiterated Russell's tenuous status Tuesday afternoon. Russell, who's due to make upwards of $9 million in both 2010 and 2011, recently tipped the scales at more than 300 pounds, and his time in Oakland since being the No. 1 pick in the 2007 draft has been a disaster. Last season, Russell started nine games and played in 12, throwing 11 interceptions to just three touchdowns. He wound up splitting time at QB with Bruce Gradkowski and Charlie Frye -- with Gradkowski expected to take over the starting job in 2010 before the deal for Campbell. In three years with Oakland, Russell has turned the ball over 38 times (15 fumbles, 23 interceptions) and hurled a mere 18 TD passes, despite starting 25 games. He was the No. 1 overall pick in the '07 draft out of LSU and started his first game for the Raiders in Week 17 that year, a 30-17 loss to the Chargers. Russell then started 15 games in 2008 and compiled a 5-10 record (the Raiders finished 5-11), then posted a 2-7 record as a starter in 2009 -- making him 7-18 overall as a starter. Oakland would save $6.45 million in 2010 by axing Russell -- which is one of the main reasons the Raiders would like to get this done prior to the team's mini-camp this weekend. He will earn $3 million more guaranteed, but if he were to get injured at any point prior to the start of the season, the Raiders could be on the hook for his full $9.45 million. http://nfl.fanhouse.com/2010/04/27/sources-raiders-on-verge-of-releasing-jamarcus-russell/
1 Million at 6% interest is $60,000 a year, times 5 = $300,000 per year forever. Yeah, I think he could live off that.
yes you could if you could get 6% consistently (ain't happening at a bank anytime soon and you can't depend on that alone in the market), but taxes bring that down as well, and lifestyle. you think Jamracus is going to taper his lifestyle down to a $100,000 a year after living the life he has for several years. if he was smart enough to do so he would have been smart enough to be motivated to maximize his earnings, be a decent QB and collect his entire contract. fact is he is lazy and doesn't have the forethought to manage his money.
The Raiders are making good football moves again? Maybe joe will come out of his hole and start Trolling the site soon.... :breakdance:
Yes, you could...by locking most of it up in securities. But..you left something out. Guaranteed benefit variable annuity contracts.You set the contract up. Accrue a years worth of benefit than start an automatic withdrawal against the benefit for the original contract amount. (known as the 6% strategy...yourr taking 6% of the original payment against the payment + 6% so you never touch the principal ever and the benefit base keeps increasing, but slightly.....) Lots of them out there with 6% style benefits (many are in the 5% range now, but as the market stays over 10, 6 is on the way back)
