A few colorful facts to the story here: 1) 3 years of service vests into NFL pension plan, he just hit qualification - value pegged at $21,360 a year for life (3) 2) He has not publicly commented on his retirement or reasons for it. 3) He has a hugely awesome secondary option - doctorate of math at MIT 4) He was at end of his rookie contract, next year would be the "in the money" year for him so he is clearly leaving…
> after tax is 7 figures but still not a lot What exactly is "a lot of money" (and how much do you think MIT professors are paid)? I think point #6 is more relevant than point #5.
Depends a lot on department and situation. Course 18 (math) doesn't pay that great while course 6 does. If you have a chair you can pay yourself more; if you take a non-academic role (dean, provost, department head etc) you can get more. Even when you have tenure you get reviews and raises just like any other job.
Point of reference: my gf's ex is a tenured prof in a non-engineering field. B/c child support etc I know what he earns. Adjusted for inflation, my summer consulting gigs (before the 1980s AI winter) earned me over 50% of what he makes all annually including his own summer consulting. I'm sure if he were in computer science he'd make more in a month than I would have made all year.