ENGLEWOOD, Colo. (AP) On the football field, Russell Okung is a top-notch offensive lineman. In the field of business, he wants to reach that status, too.
That's why he's investing heavily these days in technology companies, his foundation and himself.
Russell Okung Inc.
Okung served as his own agent in negotiating a free agent deal with the Denver Broncos in March after anchoring Seattle's O-line. He'll make $5 million this season, and the deal also includes an opt-out clause after the season before the rest of the contract - four years, $48 million - kicks in.
That means he's betting big on himself and the kind of season he could have in coach Gary Kubiak's run-oriented offense. A sound investment, he feels, even if on the surface it looks high-risk.
''We did a deal that was best for both sides,'' said Okung, who participated during individual drills in minicamp Wednesday as he continues to work his way back from offseason shoulder surgery. ''I had opportunities to get more money other places, but I really wanted to create a future here.''
The former Seahawks Pro Bowler hopes to make inroads into the world of money management, which is why he's learning the ropes from private equity investors and hedge-fund experts. That's led him to invest in some companies on the technology side. He would be more specific, but some of his deals are still in the works.
''I think a lot of players aren't really serious about how their money is working for them or their understanding of how their money works,'' the 28-year-old Okung said. ''You come into the NFL, it's a very procedural thing: You get a financial adviser and you get an agent, and you just hold on to your money for as long as possible. Read more...
For NFL news, video highlights, game-day coverage, schedules, stats, scores and more only at feeltheaction.com
That's why he's investing heavily these days in technology companies, his foundation and himself.
Russell Okung Inc.
Okung served as his own agent in negotiating a free agent deal with the Denver Broncos in March after anchoring Seattle's O-line. He'll make $5 million this season, and the deal also includes an opt-out clause after the season before the rest of the contract - four years, $48 million - kicks in.
That means he's betting big on himself and the kind of season he could have in coach Gary Kubiak's run-oriented offense. A sound investment, he feels, even if on the surface it looks high-risk.
''We did a deal that was best for both sides,'' said Okung, who participated during individual drills in minicamp Wednesday as he continues to work his way back from offseason shoulder surgery. ''I had opportunities to get more money other places, but I really wanted to create a future here.''
The former Seahawks Pro Bowler hopes to make inroads into the world of money management, which is why he's learning the ropes from private equity investors and hedge-fund experts. That's led him to invest in some companies on the technology side. He would be more specific, but some of his deals are still in the works.
''I think a lot of players aren't really serious about how their money is working for them or their understanding of how their money works,'' the 28-year-old Okung said. ''You come into the NFL, it's a very procedural thing: You get a financial adviser and you get an agent, and you just hold on to your money for as long as possible. Read more...
For NFL news, video highlights, game-day coverage, schedules, stats, scores and more only at feeltheaction.com
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