December 4, 2025 • 6 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
A Super Bowl champion lands a $100 million NFL contract—yet claims it “didn’t amount to nothing.” Odell Beckham Jr.’s viral podcast confession sparks a deeper look at how elite athletes burn through generational wealth before they even know what hit them. From the collapse of real financial literacy in college sports, to agents pushing bad investments, to the culture of instant gratification and high-profile spending, this episode breaks down why so many young stars go broke—and how easily it could be avoided. A blunt, no-frills reality check on money, responsibility, and the system that fails athletes long before the first paycheck clears.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
A Super Bowl champion lands a $100 million NFL contract—yet claims it “didn’t amount to nothing.” Odell Beckham Jr.’s viral podcast confession sparks a deeper look at how elite athletes burn through generational wealth before they even know what hit them. From the collapse of real financial literacy in college sports, to agents pushing bad investments, to the culture of instant gratification and high-profile spending, this episode breaks down why so many young stars go broke—and how easily it could be avoided. A blunt, no-frills reality check on money, responsibility, and the system that fails athletes long before the first paycheck clears.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski had
a Bowl one hundred.
Speaker 2 (00:18):
Million ed His story is making the rounds out there,
the Super Bowl champ and he has a big social
media guy, without a doubt, no phenomenal athlete, tremendous football player,
Odell Beckham Junior, basically doing an interview talking about how, yeah,
(00:39):
he made one hundred million dollars, got one hundred million
dollar contract and it didn't amount to nothing. Didn't amount
to nothing, sound a lucrative contract with the NFL. So
he's on his podcast and he's complaining that, well, he
didn't have he didn't have the financial literacy to know
(01:02):
the expenses that would come with this type of a
deal and all the things that went along with that.
Now I saw this story and I know this is
the case. I know this is the case. I know
this happens all the time, all the time. You know,
It's amazing to me. It's amazing to me that these
(01:25):
Odell Beckham went to college. All these football players went
to college, and I'm using air quotes right now because
the current climate for college football, they're not student athletes
a bunch of bullshit. Okay, sorry, but it is okay.
They don't go to class, they do classes online, they
have their special tutors, all of this nonsense. Okay, please, Okay.
(01:50):
When I went to school, okay, I was in class
with the football players and we had a top ten team,
and the coaches made sure they were there. You think
that happened. And today, no, no, not at the top
level by any stretch the imagination. Not to mention the
fact that these schools really gave a damn about their players.
(02:10):
They might want to teach them financial literacy. These are
kids that are going to be coming into many of
these kids going into the NFL, not even now in college.
They're getting paid now in college, they're making big bucks.
Don't you think rather than having to sit in some
sort of DEI diversity class nonsense, that as soon as
(02:33):
they get to school, they should be teaching these kids
how to manage their money so it doesn't go away,
how to handle that. That would be the right thing
to do. But no, no, of course, not of course not.
Now Listen, Okay, I'm not placing all the blame on
the universities or whatever it may be. You don't think
(02:56):
that the agents for these players. I don't know Odell
Beckham's agent. I could have looked it up. Yeah, you
don't think that he could have really pointed him the
right direction on the right thing. You know how many
times I've seen these agents put these athletes into shady
(03:16):
restaurant deals and all sorts of stuff because it's funding
their buddies, whatever it may be, when all they bloody
need to do is to put the money away and
a conservative portfolio and they can build generational type wealth,
make smart investments later on. Now some do, some athletes do,
(03:37):
and they, like I said, they end up becoming enormously
wealthy because they handle their money properly. Again, this is
it's a shame. It's a shame. It is, and it's funny.
Reminded me. I was just that it to be about ten
years ago. Ten years ago. I'm having a great conversation
(04:02):
sitting down with the member. He's a defensive back on
the New York Jets Atlanta Falconcy. Think he finished up
with the Detroit Lions playing football Washington State, Eric Coleman.
Great guy does some on air work now for the
Jets and some radio stuff, and he also has several businesses.
(04:22):
And that's one of the things that he was trying
to do with the kids coming into the NFL, the rookies,
is trying to teach them about financial literacy. And yeah,
we had a long conversation about it in ways of
reaching out and how difficult it is, how difficult it is.
It's just, you know, the money is burning a hole
(04:43):
in your pocket and with football football that that career
might not last that long. Okay, you're playing a pretty
dangerous sport. But and Odell Beckham blaming Unfortunately he hasn't
learned because he's blaming everyone but himself. And then he's
(05:04):
talking about the numbers. He said, well, you know, do
the math on this. After taxes, I got to buy
my mom a house, and guy, he's got his auentourage.
I'm spending over four million dollars a year and that's
not a lot of money. But well, okay, we've seen
the video and everything that you've done. This is an
opportunity to come into this type of wealth at a
(05:27):
young age. If it is managed properly, okay, And one
of the most important is to delay gratification. Man, what
you can build is truly extraordinary. Again, that's oftentimes, and
this has been my experience with a lot of these agents,
(05:49):
because many times these agents, yeah, they're great guys, they
can get these contracts, but they too they want their
stars out there on social media. They want them partying
and Paris at all these events, spending this money being
in the limelight because again, it draws attention to them,
it helps bring business into them. So in many respects,
(06:10):
I know, sound a little like the movie Jerry Maguire.
Right now, these agents have got to do a much
better job. Watch Dog on Wall Street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski had
a Bowl one hundred.
Speaker 2 (00:18):
Million ed His story is making the rounds out there,
the Super Bowl champ and he has a big social
media guy, without a doubt, no phenomenal athlete, tremendous football player,
Odell Beckham Junior, basically doing an interview talking about how, yeah,
(00:39):
he made one hundred million dollars, got one hundred million
dollar contract and it didn't amount to nothing. Didn't amount
to nothing, sound a lucrative contract with the NFL. So
he's on his podcast and he's complaining that, well, he
didn't have he didn't have the financial literacy to know
(01:02):
the expenses that would come with this type of a
deal and all the things that went along with that.
Now I saw this story and I know this is
the case. I know this is the case. I know
this happens all the time, all the time. You know,
It's amazing to me. It's amazing to me that these
(01:25):
Odell Beckham went to college. All these football players went
to college, and I'm using air quotes right now because
the current climate for college football, they're not student athletes
a bunch of bullshit. Okay, sorry, but it is okay.
They don't go to class, they do classes online, they
have their special tutors, all of this nonsense. Okay, please, Okay.
(01:50):
When I went to school, okay, I was in class
with the football players and we had a top ten team,
and the coaches made sure they were there. You think
that happened. And today, no, no, not at the top
level by any stretch the imagination. Not to mention the
fact that these schools really gave a damn about their players.
(02:10):
They might want to teach them financial literacy. These are
kids that are going to be coming into many of
these kids going into the NFL, not even now in college.
They're getting paid now in college, they're making big bucks.
Don't you think rather than having to sit in some
sort of DEI diversity class nonsense, that as soon as
(02:33):
they get to school, they should be teaching these kids
how to manage their money so it doesn't go away,
how to handle that. That would be the right thing
to do. But no, no, of course, not of course not.
Now Listen, Okay, I'm not placing all the blame on
the universities or whatever it may be. You don't think
(02:56):
that the agents for these players. I don't know Odell
Beckham's agent. I could have looked it up. Yeah, you
don't think that he could have really pointed him the
right direction on the right thing. You know how many
times I've seen these agents put these athletes into shady
(03:16):
restaurant deals and all sorts of stuff because it's funding
their buddies, whatever it may be, when all they bloody
need to do is to put the money away and
a conservative portfolio and they can build generational type wealth,
make smart investments later on. Now some do, some athletes do,
(03:37):
and they, like I said, they end up becoming enormously
wealthy because they handle their money properly. Again, this is
it's a shame. It's a shame. It is, and it's funny.
Reminded me. I was just that it to be about ten
years ago. Ten years ago. I'm having a great conversation
(04:02):
sitting down with the member. He's a defensive back on
the New York Jets Atlanta Falconcy. Think he finished up
with the Detroit Lions playing football Washington State, Eric Coleman.
Great guy does some on air work now for the
Jets and some radio stuff, and he also has several businesses.
(04:22):
And that's one of the things that he was trying
to do with the kids coming into the NFL, the rookies,
is trying to teach them about financial literacy. And yeah,
we had a long conversation about it in ways of
reaching out and how difficult it is, how difficult it is.
It's just, you know, the money is burning a hole
(04:43):
in your pocket and with football football that that career
might not last that long. Okay, you're playing a pretty
dangerous sport. But and Odell Beckham blaming Unfortunately he hasn't
learned because he's blaming everyone but himself. And then he's
(05:04):
talking about the numbers. He said, well, you know, do
the math on this. After taxes, I got to buy
my mom a house, and guy, he's got his auentourage.
I'm spending over four million dollars a year and that's
not a lot of money. But well, okay, we've seen
the video and everything that you've done. This is an
opportunity to come into this type of wealth at a
(05:27):
young age. If it is managed properly, okay, And one
of the most important is to delay gratification. Man, what
you can build is truly extraordinary. Again, that's oftentimes, and
this has been my experience with a lot of these agents,
(05:49):
because many times these agents, yeah, they're great guys, they
can get these contracts, but they too they want their
stars out there on social media. They want them partying
and Paris at all these events, spending this money being
in the limelight because again, it draws attention to them,
it helps bring business into them. So in many respects,
(06:10):
I know, sound a little like the movie Jerry Maguire.
Right now, these agents have got to do a much
better job. Watch Dog on Wall Street dot Com
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