A lot of NFL players have made smart financial decisions after their retirement. While as active players in the league, most players get paid a huge amount, they still need to maintain a stream of income after they leave the field. Recently, after Brady retired, his whopping deal with Fox Sports proved his financial planning. Furthermore, Brady is not the only one. JJ Watt recently went on to make a smart financial move that will ensure a huge payout for him.
The ex-defensive end has been making some interesting moves in his personal life post-retirement. After he left the league, it seems like he might be putting some affairs in order to ensure the continuity of his lavish superstar-like lifestyle.
The smart decisions of JJ Watt
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Watt is obviously pretty well-off. Before retiring, Watt’s contract was a whopping $28 million for 2 years with an additional signing bonus of $12 million. However, even though he’s swimming in millions after retiring, he is going the route of smart financial decisions. With his current residence being in Arizona, Watt seems to have decided to shave some weight off his extensive property portfolio. While he still owns s stunning property in Houston, Texas, he has decided to sell his property in Wisconsin.
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As per the Milwaukee Journal Sentinel, Watt has gone on to sell his cabin home for a whopping $1.85 million. The house is located in Waukesha County. Interestingly, Watt himself is a Wisconsin native and has played for the Pewaukee High School as well as the University of Wisconsin. However, the Wisconsin native has finally left his roots behind. Interestingly he made a whopping profit on this deal.
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The whopping profits of a smart deal
The ex-defensive end sold his house to a trust. Interestingly, Watt ended up making an interesting profit on the sale of his property. He had initially bought the 4-bedroom 3-bath property for only $800,000 in 2015. Furthermore, the valuation of this house had risen to $1.25 million in 2022. However, he ended up selling it for $1.85 million. He has gone on to make a little more than a million dollars on this sale.
While he is not in desperate need to liquidate his assets, his smart financial moves are only going to help his future with his family. Furthermore, it only remains to be seen what smart financial decisions Watt takes next in retirement.
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