An athlete who competes for a couple seasons would have the down payment for a house in each of those pay-outs. (And be able to, in all likelihood, borrow against it if they needed it earlier.)

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saghm 5 hours ago | parent | next [-]

Given how old most Olympic athletes are when they debut I'm sure that could be helpful if they don't incur any living expenses for another 2-3 decades afterwards

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stouset 5 hours ago | parent | prev [-]

We have now moved the goalposts from starting to build generational wealth to maybe part of a down payment on a house in a low-demand area in their mid-forties, assuming they have enough income to still qualify for the loan on the property.

This is a great gift to the athletes, don’t get me wrong. There was just no need to oversell it.

	▲	JumpCrisscross 3 hours ago \| parent [-]
		> moved the goalposts from starting to build generational wealth to maybe part of a down payment on a house in a low-demand area in their mid-forties On what planet are hundreds of thousands of dollars not generational wealth if played right? You’re talking about sums that are on par with the 401(k)s of retiring union workers. It’s not riches. But it’s enough to pass along to your heirs. That’s generational wealth.