Originally posted by sincalfaithful:
"After his bonus, Steve would earn just $200,000 in year one, $280,000 in year two, $330,000 in year four and $400,000 in year five. The remaining $30 million would be deferred over 37 years starting when Steve turned 28 and ending when he was 65 in the year 2027.
"Just to be safe, Steve's agent [Leigh Steinberg] insisted that the contract be insured just like any other annuity that you would purchase from a bank. That meant Steve's deferred $30 million was covered "in case the team or the league folds". This final deal point would prove very wise."
That fits in with an article I read about Young once after he was well established with the Niners. Reporter is at Young's house, and said SY pretty much a slob, never combs his hair, place was pmessy with a bunch of papers laying around, including a number of uncashed USFL checks that had a bunch of zero's on them.