Many players, when they retire from a sport that they love, tend to fall back on their plan B. Some players become journalists, others become coaches or athletic trainers. Some may even establish their own business. Maybe they’ve invested money into a real estate business like Ryan Broyles.
After trying to rehabilitate from numerous injuries, playing football with the Detroit Lions, former wide receiver Ryan Broyles was ready to hang the cleats up and start getting into the business world. He’s invested his money towards owning properties and allow customers to rent it out. Broyles was a phenomenal all-star from the University of Oklahoma. He set the FBS career record in receptions in 2011 with 349 catches. Broyles was drafted by the Detroit Lions in 2012, but six-months prior, he’d torn his ACL.
Broyles continued to play with the Lions for three years with his injury, and he had a career total of 32 receptions for 420 yards and two touchdowns. Due to other numerous injuries, Broyles was headed towards an early retirement. Years later, in 2015, the Lions finally decided to cut him from the team. But, never fear, for he kept his plan B up his sleeve. When Broyles was offered his rookie contract in 2012, he began to plan for his future.
The Beginning of Real Estate Career
Broyles lived on $60,000 per year from his rookie contract during his career. In 2012, him and his wife started buying rental properties in Oklahoma and Texas, with rent starting from $600 to $3,000 per month. A few years later, they began to own at least 40 rental properties; then they developed their own property management company, Infinite Rentals. Broyles also co-owns the Porch restaurant on the University of Oklahoma campus.
“When you get some money, you got to put it somewhere,” Broyles stated in an interview with ESPN.
Broyles had made a great decision by saving his money from his rookie contract into buying properties. By the time some NFL players get cut from a team, years after, they end up not knowing what to do with their money or future. If football doesn’t work out, the business world is always open.