Last fall on Mad Money, the king of stocks met the king of sacks.
Michael Strahan, a defensive end for the New York Giants, passed through Cramerica to talk about his new book, “Inside the Helmet,” and his own financial experience.
Strahan told Cramer that, while a big NFL salary has its many benefits, there are also drawbacks. In 2006, the average NFL salary was $1.4 million. That kind of money is both a blessing and a curse, Strahan said. Players can succumb to scams meant to defraud them and there’s always unwise spending whenever that much money is at stake. Strahan takes part in managing all his money along with a small team of advisers, but said he tends to be conservative in his holdings.