Athlete Wealth Lab

Total contractual payout$100.0M$20.0M × 5 years · $100.0M guaranteed

Modeled AthleteCo coupon8.00%max(7.500% + 50 bps, 8.000%) · 8.99% effective cost incl. fee

Cash-flow PV ceiling$32.9MCase D; theoretical ceiling before underwriting haircuts · $35.0M requested

Contract and investment timing

Annual gross payoutOptional annual payout scheduleComma-separated $M amounts override the flat payout and contract term.Contract termGuaranteed portion for borrowing baseChanges bankable capacity; expected salary remains on the selected schedule until an event stress occurs.Wealth horizonTax realization intervalControls tax-lot realization timing; it is not a liquidity lockup.Tax realization

Salary, state, fees, and investment taxes

Tax-profile labelDescriptive only; explicit blended rates drive the model.Federal ordinary-income taxEffective blended state/local taxAgent feesEffective investment-gain taxInvestment-interest deduction usableThe model offsets qualifying interest only against realized taxable investment gain.

AthleteCo financing

AdvanceWSJ Prime at closingSpread over WSJ PrimeFixed-rate floorOrigination fee paid at closingFully amortizing termEnable committed liquidity bridgeWithout it, unpaid interest capitalizes into the loan balance.Liquidity-bridge commitmentLiquidity-bridge annual rate

Contract event stress

EventNot cosmetic: the selected event rewrites the monthly salary schedule from the event month, and every case, chart, and warning recalculates.Event occurs in month

6 editable scenarios

Liquid ending net wealth at year 10

Original contractual schedule. Modeled nominal salary: $100.0M.

6 scenarios shown. Case E has the highest ending wealth at $77.1M; selected case D ends at $61.5M.

Advance?	Ending wealth	Δ vs. A	Interest paid	Tax shield
Use advance in case A	$49.1M	Baseline	$0	$0
Use advance in case F	$45.9M	−$3.2M	$7.6M	$1.9M
Use advance in case B	$56.1M	+$7.0M	$0	$0
Use advance in case C	$52.9M	+$3.9M	$7.6M	$1.9M
Use advance in case D	$61.5M	+$12.4M	$7.6M	$1.9M
Use advance in case E	$77.1M	+$28.0M	$7.6M	$1.9M

Analyzing

Case D · Advance · 8% access case

2% investment-return advantage · every delta below is measured against case A, the no-advance 30%-lifestyle baseline.

Liquid ending wealth: $61.5M
Vs. case A baseline: +$12.4M
Vs. same-lifestyle case B: +$5.4M
Break-even advance return: 6.77%
Effective borrower cost: 8.99%
Salary-cash coverage: 0.94×

The requested advance exceeds the present value of salary remaining after modeled taxes, agent fees, and lifestyle spending.
Debt service exceeds salary cash after lifestyle spending in 60 modeled month(s); the portfolio funds the difference.

Tax outputs are scenario estimates—not tax advice. Deduction tracing and usability, gain character and rate, elections, and state treatment require tax review. The engine applies same-month offsets but does not perform a later tax-year true-up.

Case D dollar audit

Waterfall check$61.53M

Largest residual$0

Disclosed tolerance$0.01

Sources, uses, subtotals, memo metrics, and formulas. The Amount column is not intended to be summed.
Section	Line item	Calculation	Amount
Closing sources & uses	Gross advance	Selected advance input	$35.00M
Closing sources & uses	Origination fee	Gross advance × 1.50%	−$525,000
Closing sources & uses	Net advance invested	Gross advance − origination fee	$34.48M
Salary cash flow	Gross salary received	Monthly event-adjusted contract schedule within horizon	$100.00M
Salary cash flow	Ordinary-income taxes	Gross salary × 45.00%	−$45.00M
Salary cash flow	Agent fees	Gross salary × 5.00%	−$5.00M
Salary cash flow	Lifestyle spending	After-tax, after-agent salary × 20.0%	−$10.00M
Salary cash flow	Salary contributed to portfolio	Residual salary after lifestyle, debt service, and bridge repayment	$0
Portfolio	Advance-funded investment return	8.0% annual return on advance-origin tax lots	$36.98M
Portfolio	Salary-savings investment return	6.0% annual return on salary-origin tax lots	$0
Portfolio	Net portfolio cash used	After-tax withdrawals used only for modeled cash shortfalls	−$2.58M
Portfolio	Investment tax before interest shield	After modeled capital-loss use; before interest deduction	−$9.25M
Tax shield	Interest deduction used	Limited by realized taxable investment gain and utilization input	$7.58M
Tax shield	Modeled interest tax shield	Deduction used × 25.0%	$1.90M
Borrowing cost	Contractual coupon	Max(WSJ Prime + spread, fixed-rate floor)	8.000%
Borrowing cost	Fee-inclusive effective annual rate	(1 + monthly borrower IRR)^12 − 1	8.993%
Borrowing cost	Full-term contractual interest	Sum of contractual amortization-schedule interest	$7.58M
Borrowing cost	Loan principal paid in horizon	Actual principal component of monthly debt service	−$35.00M
Borrowing cost	Loan interest paid in horizon	Current and previously capitalized interest paid	−$7.58M
Credit	Bankable guaranteed salary	Event-adjusted guaranteed schedule before taxes and lifestyle	$100.00M
Credit	Cash-flow PV ceiling	Guaranteed salary cash after tax, fees, and lifestyle; before credit haircuts	$32.88M
Credit	Aggregate term salary-cash coverage	Available guaranteed salary cash ÷ contractual debt service	0.94×
Credit	Break-even advance-funded return	Return required to equal same-lifestyle case B	6.77%
Ending position	Ending portfolio	Liquid invested assets after investment taxes	$61.53M
Ending position	Ending loan balance	Original principal plus capitalized interest	$0
Ending position	Ending liquidity bridge	Bridge draws plus interest less repayments	$0
Ending position	Liquid ending net wealth	Ending portfolio − ending loan − ending bridge	$61.53M
Ending position	Economic net worth incl. remaining salary	Liquid ending wealth + PV of post-horizon investable salary	$61.53M

PASS — Model v0.4.0; reconciliations are evaluated against the greater of $0.01 and 1×10⁻¹² of model scale. Largest residual: $0.