Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints > NFL

Phillip Buchanon’s cautionary tale: My mom demanded $1 million

this is a discussion within the NFL Community Forum; When Phillip Buchanon was a first-round draft pick in 2002, his mom decided that his payday would be her payday, too. Buchanon, who has written a book offering cautionary tales about athletes going broke despite multimillion-dollar contracts, says that once ...

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 04-11-2015, 02:01 PM   #1
 
Join Date: Sep 2007
Location: Mandeville, LA
Posts: 38,068
Blog Entries: 29
Phillip Buchanon’s cautionary tale: My mom demanded $1 million

When Phillip Buchanon was a first-round draft pick in 2002, his mom decided that his payday would be her payday, too.

Buchanon, who has written a book offering cautionary tales about athletes going broke despite multimillion-dollar contracts, says that once he was drafted, his mom began to demand money. Buchanon says his mom told him the bill for raising him was $1 million, and she wanted it paid back right away.

“Soon after the draft, she told me that I owed her a million dollars for raising me for the past 18 years,” Buchanon says, via FOXSports.com. “Well, that was news to me. If my mother taught me anything, it’s that this is the most desperate demand that a parent can make on a child. The covenant of having a child is simply that you give your child everything possible, and they owe you nothing beyond a normal amount of love and respect. There is no financial arrangement. If you get old and infirm, and your kids are around to help you out at that point, then you’re lucky. It’s not written in the social contract.”

Buchanon wisely declined to write his mom a $1 million check, but he did buy his mom a house, which turned out to be more expensive than he expected when she also started demanding money for upkeep not only on the new house, but on her old house, which she declined to sell.

“I bought my mother a house,” he says. “I also advised her to sell the old one I grew up in when I put a new roof over her head, but my mother had other plans. Instead of selling my childhood home, she decided to rent it to my aunt. So I had to finance my mother, the budding landlord. Only this wasn’t an investment. It was an encumbrance, because I didn’t share in my mother’s profit-making scheme. For the next seven years, I continued to make mortgage and maintenance payments on both homes.”

Read More
SmashMouth is online now  
Old 04-11-2015, 09:20 PM   #2
1000 Posts +
 
Join Date: Oct 2012
Location: Gonzales, LA
Posts: 1,675
Re: Phillip Buchanon’s cautionary tale: My mom demanded $1 million

This book should be required reading for all rookie athletes, regardless of the sport they play.

It is, unfortunately, an all too common tale.
stickman is offline  
Closed Thread


Posting Rules

LinkBacks (?)
LinkBack to this Thread: https://blackandgold.com/nfl/71930-phillip-buchanon-s-cautionary-tale-my-mom-demanded-1-million.html
Posted By For Type Date Hits
Phillip Buchanon’s cautionary tale: My mom demanded $1 million This thread Refback 04-11-2015 02:44 PM 4


All times are GMT -5. The time now is 01:16 PM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts