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Thread: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by tomahawk247 View Post
    I could understand the Rams having issues if the financial advisor that Jenkins had was just some guy he knew, like his relative or something.

    But the guy Jenkins has is a financial advisor working for Merril Lynch, who is certified with the NFLPA and started his career as a financial advisor two years before Janoris Jenkins was born.
    That's an excellent point. It's not like he chose his buddy Tyrone, who got his financial training at the corner payday loan / pawn shop.

    I obviously don't know Mr. DeLuca or his body of work, but a long time advisor with Merrill Lynch would most likely be an admirable choice, no?

    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by tomahawk247 View Post
    I could understand the Rams having issues if the financial advisor that Jenkins had was just some guy he knew, like his relative or something.

    But the guy Jenkins has is a financial advisor working for Merril Lynch, who is certified with the NFLPA and started his career as a financial advisor two years before Janoris Jenkins was born.
    This is a great point, in fact he has already been advised to take a loan and catch up on his child support. So he must be getting some things handle correctly.

    If the the Rams where that concerned you would think they would be somewhat satisfied with whom he hired.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by HUbison View Post
    That's an excellent point. It's not like he chose his buddy Tyrone, who got his financial training at the corner payday loan / pawn shop.

    I obviously don't know Mr. DeLuca or his body of work, but a long time advisor with Merrill Lynch would most likely be an admirable choice, no?
    Fisher has no doubt seen this movie before and it sounds like he wants someone he knows and trusts to navigate through the mine field that is child support, multiple child support with multiple women. I'm not sure a Merrill Lynch numbers cruncher is the best choice to handle the potential complications. That said, it doesn't look like Fisher will have a choice in the matter.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by r8rh8rmike View Post
    Fisher has no doubt seen this movie before and it sounds like he wants someone he knows and trusts to navigate through the mine field that is child support, multiple child support with multiple women. I'm not sure a Merrill Lynch numbers cruncher is the best choice to handle the potential complications. That said, it doesn't look like Fisher will have a choice in the matter.
    Sounds like DeLuca might be a little more than a simple number cruncher....
    Professional Profile

    The Gottlieb, Byer, Glusman & De Luca Group
    “providing financial advisory services to the professional sports & entertainment industry”


    PHILOSOPHY

    Gottlieb, Byer, Glusman & De Luca Group is a dedicated Financial Advisory Team that specializes in providing wealth management strategies and guidance to professional athletes, entertainers and their families.

    Our team understands the short-term and long-term strategies that are necessary for the professional athlete and entertainer in today’s uncertain and ever-changing environment. Our wealth management strategies plan for financial success throughout your career and into retirement. Our planning is based upon your career time horizon while considering your risk tolerance and overall objectives, from your family to philanthropic giving.

    Our effective communication, consistent reviews of expectations and understanding of your personal privacy allows you to focus on what you do best no matter the volatility of the overall financial markets.

    Our team specializes in providing wealth management strategies and guidance to professional athletes and entertainers in conjunction with their Agents, CPA’s and Attorney’s. In addition, we develop lifelong & generational relationships with our clients advising on our core capacities: Wealth Protection, Preservation & Growth Strategies including Legacy Planning through a comprehensive Wealth Management Platform.

    Our investment discipline includes the combination of low correlated asset classes, globally blended, including growth and value styles. Periodic rebalancing with tax minimization is paramount to provide cost effective solutions throughout the process.

    Our Wealth Management Process includes:
    Financial Guidance
    Legacy Implementation
    Estate Coordination
    Retirement Management
    Tax Efficiencies
    As for DeLuca specifically....
    Richard A. De Luca, CSNA
    Financial Advisor
    Certified Special Needs Advisor
    Rich joined Merrill Lynch as a Financial Advisor in 2008. Rich graduated from Tulane University in New Orleans, LA in 1985 and began a career as an NFLPA Certified Contract Advisor in 1986. He is a member of the Sports Lawyers Association. Richard was a partner in a Nashville, TN based sports representation firm, ISM, until joining Merrill Lynch. Richard is responsible for football operations for the team.
    And is there anyone more "special needs" than Jenkins?
    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by HUbison View Post
    Sounds like DeLuca might be a little more than a simple number cruncher....
    To be honest, he sounds like a numbers cruncher to me. I see a lot of references to investment guidance and money management, but not much about guidance with personal issues. Maybe I'm wrong, but Jeff Fisher certainly wasn't comfortable with the situation.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    The Rams, according to three of the sources, have raised concerns about how many people are involved in Jenkins' finances and privately question the effectiveness of Cornelio and Merrill Lynch, particularly in light of Jenkins' history at Florida. Aside from the numerous children, Jenkins was kicked out of the school after being arrested for marijuana possession twice in a three-month period.
    I have a financial advisor and a CPA for that matter... neither one of them have ever advise me on weather to smoke pot or drink and drive ect. So the Rams and Fishers expectations of the financial advisory is too do what exactly?

    Keep his money locked up in non liquid asset so he's cash poor and thus it's keeps him out of trouble? Pay his child support on time for him? Avoid becoming like TO broke at the end of his career? A financial advisor is only a small part of the support system this guy is going to need, I hope Fisher has a plan beyond how his money is being invested and spent.

    The reality is, all any advisor can do is advise, Jenkins still can do what he wants with his money and his day to day activities.
    Last edited by Rambos; -07-09-2012 at 05:23 PM.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by Rambos View Post
    I have a financial advisor and a CPA for that matter... neither one of them have every advise me on weather to smoke pot or drink and drive ect. So the Rams and Fishers expectations of the financial advisory is too do what exactly?

    Keep his money locked up in non liquid asset so he's cash poor and thus it's keeps him out of trouble? Pay his child support on time for him? Avoid becoming like TO broke at the end of his career? A financial advisor is only a small part of the support system this guy is going to need, I hope Fisher has a plan beyond how his money is being invested and spent.

    The reality is, all any advisor can do is advise, Jenkins still can do what he wants with his money and his day to day activities.
    I'm assuming Fisher wants an advisor that can give Jenkins guidance with staying on top of the child support payments, as well as help him deal with any complications, changes, or disputes. It sounds like Fisher's preferred advisor has experience doing just that.

    As far as Fisher's plan, in addition to the hands on financial advisor, someone with the Rams will reportedly also call Jenkins every day to make sure he stays on the straight and narrow. To me, that seems a bit over the top, but Jenkins apparently agreed to that as well.

    In the end, none of what we're discussing really matters. The Rams can't force the issue with advisors, and they're just going to have to accept that Shareef, the sergeant, and Merrill Lynch are going to be the ones advising.

    I don't have a big problem with the advisory situation. It is what it is. My problem is the fact that Jenkins and his team agreed to everything up front, expressing no concerns with the arrangement, resulting in the mess we have now.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    It is what it is. At least this sounds more like a paperwork issue than a bad-blood issue between a disgruntled player and coach. I'm sure it's just a short matter of time before a resolution is reached. As was said above, there's really nothing the Rams can do aside from accept the CBA, unless they're really willing to cast away a player of JJ's talent.

    Also, I apologize for asking again (and being so off topic), but are there any Fantasy Football Leagues here at the Clan?

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by r8rh8rmike View Post
    To be honest, he sounds like a numbers cruncher to me. I see a lot of references to investment guidance and money management, but not much about guidance with personal issues. Maybe I'm wrong, but Jeff Fisher certainly wasn't comfortable with the situation.
    Ummm of course he is a numbers cruncher. He is a FINANCIAL advisor. Not a personal life advisor. Jenkins has someone else there to help with the personal life, DeLuca is there to help with the money and make sure he doesn't waste it in strip clubs like Pacman did.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by tomahawk247 View Post
    Ummm of course he is a numbers cruncher. He is a FINANCIAL advisor. Not a personal life advisor.
    That was exactly my point in response to the notion that DeLuca looked qualified to handle the nuances of child support payments, in addition to his financial advisory capacity.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by r8rh8rmike View Post
    That was exactly my point in response to the notion that DeLuca looked qualified to handle the nuances of child support payments, in addition to his financial advisory capacity.
    Well, what are you saying, Mike? Does Fisher want a financial advisor for Jenkins or a babysitter? If it's a financial advisor he's looking for DeLuca is more than qualified. If he wants a babysitter, then there's no surprise that Jenkins is bucking.
    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by HUbison View Post
    Well, what are you saying, Mike? Does Fisher want a financial advisor for Jenkins or a babysitter? If it's a financial advisor he's looking for DeLuca is more than qualified. If he wants a babysitter, then there's no surprise that Jenkins is bucking.
    I'm guessing he wants a hybrid.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by r8rh8rmike View Post
    I'm guessing he wants a hybrid.
    I wish him good luck with that search. But I think calling this guy a number cruncher comes way short of what he's doing. According to their site, they specialize in "providing wealth management strategies and guidance to professional athletes". That's wealth management strategies AND guidance. What else can Fisher hope for?
    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    Quote Originally Posted by HUbison View Post
    I wish him good luck with that search. But I think calling this guy a number cruncher comes way short of what he's doing. According to their site, they specialize in "providing wealth management strategies and guidance to professional athletes". That's wealth management strategies AND guidance. What else can Fisher hope for?
    I took the "guidance" as relating to financial decisions, as opposed to dealing with an angry mother on child support issues. It looks to me like Fisher sees his choice, Lou Taylor, as someone with experience who can handle both finances as a business manager, and problematic child support issues that could come up. At least that's what the article puts forward.

    Again, at this point, it's pretty clear that none of what we're discussing matters. Fisher is not going to get what he wants and will have to live with what Jenkins has in place now. It'll be interesting to see how it all shakes out.
    Last edited by r8rh8rmike; -07-09-2012 at 07:46 PM.

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    Re: Rams' Janoris Jenkins in contract dispute over the rookie's financial advisory

    I think DeLuca has handled the issue of angry mothers with child support issues by setting up a loan for Jenkins so that his child support payments are maintained and up to date during this period before Jenkins' contract is signed

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