Joey Bosa is an American professional football player for the Los Angeles Chargers. At just 20 years old, Bosa was selected third overall in the 2016 NFL Draft. With his selection, he became the recipient of a very nice rookie contract that is worth nearly $26 million over four years. Many were unsure if Bosa would suit up in his first season due to a holdout in his contract negotiations between his agent and the team. Nonetheless, the parties were able to come to a resolution that came with a hefty $17 million signing bonus.
Currently, Joey Bosa’s net worth sits at $6 million. Due to the structure of his deal, he didn’t receive the entirety of his signing bonus up front. Additionally, living out in California has its price, especially in taxes. Not only is Bosa in the highest federal tax bracket of 39.6%, he is also accountable to pay the highest income tax rate for the state of California of 13.3%. Quick math tells us that more than half of his 2016 pay went away to the government. Regardless of his high tax bill, he is still doing quite well for someone who is only 21 years old. Joey Bosa’s net worth will continue to grow as he develops in his career. In the next three years of his contract, when you combine Bosa’s salary, signing and roster bonuses that are due to him, he will make an additional $11 million.
In the 2016 campaign for the Chargers, Bosa had a great start to his career. Despite only playing in 12 games, he recorded 41 tackles, had 10.5 sacks and forced a fumble. The Chargers hope he can continue his progression for all 16 games in the 2017 season as the team relocates to Los Angeles. If Bosa produces on the field, the Chargers will most likely reward him with a fifth-year option that would equate to a yearly salary of around $13 million. After that, he is eligible for a massive contract. A top defensive end can expect to earn approximately $14 to $18 million a year. Back in 2014, J.J. Watt of the Houston Texans signed a deal that was worth over $100 million for six years. Playing at a high level is the easiest way for Joey Bosa to increase his net worth in years to come.
Bosa was selected as the NFL Defensive Rookie of the Year for the 2016 season. This should come as no surprise as he was a standout player during his college days at Ohio State. He recorded 51 tackles for loss and 26 sacks in his three seasons at Ohio State. He also helped lead the Buckeyes to the 2015 National Championship.
Joey’s dad, John, played a few season in the NFL in the late 80’s and his brother, Nick, currently plays for Ohio State.
James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.