According to sources, O.J. Simpson may have made more than $600,000 during his eight-plus-years in prison. As you know by now, Simpson was granted parole on Thursday, and he will be getting out of prison soon.
The former-football-player will be leaving jail and will have access to the funds that were attributed to him through his pension.
One of the reasons the income of Simpson is unlike other money he might earn is because his NFL pension is protected by the law of the state.
Many people have been stumped as to how “The Juice” was raking in money from his pension.
However, people at ESPN figured out how to calculate it since the details of NFL players’ pensions are open to the public.
Here’s a breakdown of the math below according to ESPN analysts:
O.J. was in the NFL from 1969 until 1972 and players who were in the league before 1982 get $250 per season per month which means he would get $2,750 per month.
There was a settlement in 2011, where former players were given an extra $125 per month in seasons before 1975 and $108 per month per season in the following years.
The man played six seasons before and five seasons after which works out to be $1,284.
So if you add those two numbers together, $1,284, and $2,750, it equals $4,034 per month.
This is the money OJ would’ve made if he pulled out his NFL pension at the age of 55-years-old.
He was in prison for 105 months which means he would leave with $423,570. However, if he waited until he was 65, and by the way, OJ just turned 70, he would collect 2.619 times that, which would make his total monthly earnings around $10,565 per month. Based on 57 months in prison, after his 65th birthday, it would be $602,205.