Whatever happened to.........?

[1badbadger]

  On 10/11/2017 at 2:14 PM, BallMarker said:

Shame. Once he was a rising star on the tour. Now he is just a young hippy with greasy hair....

Makes me wonder why he chose to just sit on his insurance money. He could have made so much more on the tour.

~sigh....

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  On 10/11/2017 at 2:24 PM, Groucho Valentine said:

Well we don't know that, for sure. His play was starting to decline before his injuries so he might not have made 10+ mill on tour unless he became an endorsement star. And being asian american thats unlikely unless he won 2-3 times a year.  So it seems like he bet agaist himself. Which is kinda sad to see. 

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Quoting from a Golf Digest article:

Assuming the friend's figure is accurate, Kim would have to earn some $35 million on and off the course to match the amount he would collect by never playing golf again. (That's factoring in taxes; agent's commissions; private jets; diamond-encrusted belt buckles; salaries for a caddie, swing coach, short-game specialist, trainer, nutritionist and osteopath; and other expenses of the modern Tour pro.) For context, his career Tour earnings are $12.2 million, $9.2 million of which was accumulated between 2008 and '10. Kim signed a blockbuster deal with Nike following the '08 season, and his annual endorsement income peaked the following year at $6 million. If he can again be the player he was, he could make his $35 million nut with four or five good years. But that's a very big if.

[BallMarker]

  On 10/11/2017 at 3:10 PM, 1badbadger said:

 

Quoting from a Golf Digest article:

Assuming the friend's figure is accurate, Kim would have to earn some $35 million on and off the course to match the amount he would collect by never playing golf again. (That's factoring in taxes; agent's commissions; private jets; diamond-encrusted belt buckles; salaries for a caddie, swing coach, short-game specialist, trainer, nutritionist and osteopath; and other expenses of the modern Tour pro.) For context, his career Tour earnings are $12.2 million, $9.2 million of which was accumulated between 2008 and '10. Kim signed a blockbuster deal with Nike following the '08 season, and his annual endorsement income peaked the following year at $6 million. If he can again be the player he was, he could make his $35 million nut with four or five good years. But that's a very big if.

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To me it's not really about the money. Besides, he was a good enough player to make a VERY comfortable living on the the tour.

It's that he gave up what he worked so hard for (to compete at the biggest stage in his sport. Trying to become the best he can be at his craft....win big prize money....etc.....)  But I guess his only goal was to have a few million in the bank and sit on it.

As someone else put it, "seems he bet against himself".

[MuniGrit]

The amount of blow that Kim does he will blow through that in a hurry.

[jamo]

  On 10/12/2017 at 2:20 PM, BallMarker said:

To me it's not really about the money. Besides, he was a good enough player to make a VERY comfortable living on the the tour.

It's that he gave up what he worked so hard for (to compete at the biggest stage in his sport. Trying to become the best he can be at his craft....win big prize money....etc.....)  But I guess his only goal was to have a few million in the bank and sit on it.

As someone else put it, "seems he bet against himself".

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If you won the lottery and got $20 million tax-free but they told you the only stipulation was you had to quit your job, would you keep working?

[GolfLug]

  On 10/12/2017 at 2:20 PM, BallMarker said:

To me it's not really about the money. Besides, he was a good enough player to make a VERY comfortable living on the the tour.

It's that he gave up what he worked so hard for (to compete at the biggest stage in his sport. Trying to become the best he can be at his craft....win big prize money....etc.....)  But I guess his only goal was to have a few million in the bank and sit on it.

As someone else put it, "seems he bet against himself".

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Some times hitting major goals in life can be very anti-climactic. Maybe it was like getting to the north pole for him. It's just a big flat empty and the effort it took to get there doesn't seem to be worth sustaining to stay there. 

[BallMarker]

  On 10/13/2017 at 6:06 PM, jamo said:

If you won the lottery and got $20 million tax-free but they told you the only stipulation was you had to quit your job, would you keep working?

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If I were a good professional golfer with potential to win more in my life time, YES!

[iacas]

  On 10/13/2017 at 9:11 PM, BallMarker said:

If I were a good professional golfer with potential to win more in my life time, YES!

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I doubt it. He'd have had to do a LOT to win the $35M (net) that he was paid from the insurance.

[dennyjones]

  On 10/13/2017 at 6:06 PM, jamo said:

If you won the lottery and got $20 million tax-free but they told you the only stipulation was you had to quit your job, would you keep working?

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For the majority of people, this would be a no-brainer, take the money and run.   There are some people that are a different breed which feed on being in active competition.   The latter reminds me of people with a gambling addition.

[BallMarker]

  On 10/14/2017 at 1:14 AM, iacas said:

I doubt it. He'd have had to do a LOT to win the $35M (net) that he was paid from the insurance.

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You doubt that most athletes would rather compete and earn their prize money, than settle for some insurance money?

I don't doubt that some would take the money and sit. But most of them won't...not if they love to compete and pursue "GREATNESS".....

For most professional athletes, it's their health, age and level of their play, that are the determining factors; it's not how much money they have in the bank. Otherwise, most top rank players would have long quit by now.

By your logic,  players like Dustin Johnson, Jason Day and Rory Mcilroy (not to mention players like Michelle Wie) would have quit already. They have more money than they know what to do with. Each one of them surely are well over 30 million dollars in prize money and endorsement money.

You can be #100 on the PGA money list an still make $1million. I have little doubt that Kim would have easily made up that $20million, and more, in his career.

  On 10/14/2017 at 11:06 AM, dennyjones said:

For the majority of people, this would be a no-brainer, take the money and run.   There are some people that are a different breed which feed on being in active competition.   The latter reminds me of people with a gambling addition.

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Well. Most professional athletes aren't ordinary people when it comes to pride and competing.

[iacas]

  On 10/15/2017 at 2:57 PM, BallMarker said:

You doubt that most athletes would rather compete and earn their prize money, than settle for some insurance money?

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I didn't come close to saying that.

I said Anthony Kim would do that. It's guaranteed money, and Kim is a party guy. To net $35M, someone pointed out just above, he'd have to play at his peak level for about 5-6 years more.

  On 10/15/2017 at 2:57 PM, BallMarker said:

I don't doubt that some would take the money and sit. But most of them won't...not if they love to compete and pursue "GREATNESS".....

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Oh, a great majority of them would, because the vast majority of PGA Tour players wouldn't SNIFF netting $35M in their careers.

Most PGA Tour players aren't "great."

  On 10/15/2017 at 2:57 PM, BallMarker said:

For most professional athletes, it's their health, age and level of their play, that are the determining factors; it's not how much money they have in the bank. Otherwise, most top rank players would have long quit by now.

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Yeah, I don't agree, generally speaking.

  On 10/15/2017 at 2:57 PM, BallMarker said:

By your logic,  players like Dustin Johnson, Jason Day and Rory Mcilroy (not to mention players like Michelle Wie) would have quit already.

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a) That's not "by my logic." That's the logic you've ascribed to me while I've only ever been talking about Anthony Kim.
b) Anthony Kim is not any of those players.

  On 10/15/2017 at 2:57 PM, BallMarker said:

You can be #100 on the PGA money list an still make $1million. I have little doubt that Kim would have easily made up that $20million, and more, in his career.

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I don't think he would have, and honestly, he probably didn't think he would have. The $35M was guaranteed. And he didn't have to do anything to get it.

[Buckeyebowman]

  On 10/11/2017 at 2:14 PM, BallMarker said:

Shame. Once he was a rising star on the tour. Now he is just a young hippy with greasy hair....

Makes me wonder why he chose to just sit on his insurance money. He could have made so much more on the tour.

~sigh....

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Well, to be fair there's no way to really know that. Tour history is littered with young, blazing players who are looking for a country club job 2 years later!

[allenc]

If I thought I was good enough to make 1 million per year for the next 10 years on the pga Tour, with a small chance I make a breakthrough and do much better, I would take that 6 days a week and twice on Sunday rather than get $35 million to sit on my ass.

[Wally Fairway]

  On 10/14/2017 at 1:14 AM, iacas said:

I doubt it. He'd have had to do a LOT to win the $35M (net) that he was paid from the insurance.

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But he wouldn't have to win that much, he also would have sponsor money (clubs, clothes, shoes, and bag/hat/shirt sponsorships). Where he was career wise he could have made several million a year in non-prize money (maybe more).
But if you'd rather spend your time on the party circuit, or if your injuries prevent you from playing at the level to win, then the $20 mil is a very good insurance payoff.

[BallMarker]

  On 10/15/2017 at 11:19 PM, Buckeyebowman said:

Well, to be fair there's no way to really know that. Tour history is littered with young, blazing players who are looking for a country club job 2 years later!

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Of course not. We can only go by his potential. And he had lot of potential, in my opinion.

[iacas]

  On 10/15/2017 at 11:30 PM, Wally Fairway said:

But he wouldn't have to win that much, he also would have sponsor money (clubs, clothes, shoes, and bag/hat/shirt sponsorships).

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The poster above estimated that he'd need 5-6 years of his peak play - which he's unlikely to reach ever again - in order to net $35M.

He's not Rory/Tiger. He's not making $10M a year in endorsements.

  On 10/15/2017 at 11:30 PM, Wally Fairway said:

But if you'd rather spend your time on the party circuit, or if your injuries prevent you from playing at the level to win, then the $20 mil is a very good insurance payoff.

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Or $35M.

[1badbadger]

Let me add another element to this situation...

In a 2015 interview with USA Today, Kim was quoted as saying:

"I'm going to step away from the game for a little while and get my body pieced together. Instead of going from an Achilles injury to try to go 180 mph and not fixing the problem ... I've got so much ground to make up from injuries — rotator cuff, labrum, spinal fusion, hand injury. I've had six or seven surgeries in the last three-and-a-half years."

So apparently he's had a half-dozen or more surgeries since he stopped playing.  I'm not sure if he's exaggerating, or if that's a legit number, but if his body is in that bad of shape, that would severely limit his potential of either having a long career, or playing at his peak for 5 or 6 years to make his nut.

[RussUK]

  On 10/13/2017 at 6:06 PM, jamo said:

If you won the lottery and got $20 million tax-free but they told you the only stipulation was you had to quit your job, would you keep working?

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Definately. Put that into a high interest account and you'd never need to touch the capital, just live off the interest it acrues. Plus my wife is a grammar school maths teacher so not only is she on a decent wage but she's good with the purse strings!

[Wally Fairway]

  On 10/13/2017 at 6:06 PM, jamo said:

If you won the lottery and got $20 million tax-free but they told you the only stipulation was you had to quit your job, would you keep working?

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Is this a trick question?