Egoism Versus Money

 Posted by on 28 February 2013 at 10:00 am  Ethics, Money, Sports
Feb 282013

It’s a myth that rational egoism means pursuing money above all else. Other goals can and often should mean more to a person… even when millions are at stake.

For example, given what a great coach Belichick is and what a great organization the Patriots are, Tom Brady is wise to forego a few million for the opportunity at another SuperBowl win, I think:

Tom Brady took a huge step today to ensure he’ll retire a Patriot, agreeing to a three-year contract extension that will keep him under center for New England through the 2017 season, when he will be 40 years old.

For the second time in his illustrious career, Brady is doing something players in this day and age simply do not do: As he did in 2005, Brady, a league source told, is signing a contract with New England that will pay him significantly less money than the market will bear, in large part to help the Patriots stay competitive for the next five seasons.

Amazingly, according to the source, the deal is for an eye-poppingly conservative $27 million, which is less than half his worth by any measure.

That’s a man who knows what’s important to him… and it’s not sitting back in his final years of play to rake in a few more million. He wants to win! Go Tom!

  • Dan Sullivan

    That’s awesome! Similar to what Mark McGwire did here, with the Cardinals, foregoing a few extra millions which he didn’t need, to play for a team he loved in a city which loved & appreciated him. (Even after his ill-advised foolishness at the unjust Congressional hearings a few years later, he was still loved & revered when he returned to the Cards as a batting coach years later.) And his expertise helped lead the team to a World Series win in 2011. We’ll miss him!

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