HBCU Money™ Presents: 2014’s HBCU Alumni NFL Players’ & Salaries

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For the 2nd year in a row, Robert Mathis (pictured above), an alum of Alabama A&M University leads the list of highest paid HBCU NFL players.

HBCU Money™ FACTS:

  • NFL teams spent $3.9 billion of 2013’s $4.2 billion available.
  • HBCU NFL players combine for $57.1 million down 3.5 percent when HBCU NFL players earned $59.2 million in salaries. Estimated take home after taxes and agent/lawyer fees is $28.6 million.
  • Hampton University leads the way with 5 NFL players.
  • 15 HBCUs are represented in the NFL. Down from 19 in 2013.
  • MEAC conferences has 6 schools represented. The SWAC dropped to 2 schools represented after having 6 in 2013.
  • HBCU NFL players represent approximately 1.7 percent of roster positions available. Unchanged from 2013.
  • Average salary for HBCU NFL players is $2 million, a decrease from $2.1 million in 2013. In 2011, the average NFL salary was $1.9 million according to Bloomberg Businessweek.
  • Median salary for HBCU NFL players is $1 135 000, a 27 percent increase from 2013. In 2011, the median NFL salary was $777 000 according to Bloomberg Businessweek.
  • 4 players from 2013 are no longer on the list.

1 – Robert Mathis / DE / Indianapolis Colts – $8 750 000

(ALABAMA A&M) 

2 – Kendall Langford / DE / St. Louis Rams – $6 000 000

(HAMPTON) 

3 – Greg Toler  / CB / Indianapolis Colts – $4 833 333

(ST. PAUL’S)

4 – Sammie Hill / DT / Tennessee Titans – $4 066 666

(STILLMAN)                                                                                                           

5 – William Hayes / DE / St. Louis Rams – $3 845 000

(WINSTON-SALEM STATE)                                                                                  

6 – Jason Hatcher / DE / Washington Redskins – $3 750 000

(GRAMBLING STATE)                                                                                           

7 – Antoine Bethea / S / San Francisco 49ers – $3 000 000

(HOWARD)                                                                                                       

8 – Junior Galette / OLB / New Orleans Saints – $2 900 000

(STILLMAN)                                                                                                      

9 – D. Rodgers-Cromartie / CB / Denver Broncos – $2 750 000

(TENNESSEE STATE)                                                                                      

10 – Chris Baker / DL / Washington Redskins – $2 000 000

(HAMPTON)                                                                                                     

11 – Jacoby Jones / WR / Baltimore Ravens – $1 875 000

(LANE)                                                                                                                

12 – Rafael Bush / S / New Orleans Saints – $1 850 000

(SOUTH CAROLINA STATE)                                                                        

13 – Jason Durant / LB / Dallas Cowboys – $1 450 000

(HAMPTON)                                                                                                      

14 – Tarvaris Jackson / QB / Seattle Seahwaks – $1 250 000

(ALABAMA STATE)                                                                                         

15 – Rashean Mathis / CB / Detroit Lions – $1 020 000

(BETHUNE-COOKMAN)                                                                                

16 – Don Carey / S / Detroit Lions – $930 000

(NORFOLK STATE)                                                                                         

17 – Kenrick Ellis / DT / New York Jets – $797 500

(HAMPTON)                                                                                                      

18 – Phillip Adams / CB / New York Jets – $770 000

(SOUTH CAROLINA STATE)                                                                       

19 – Eric Weems / WR / Atlanta Falcons – $730 000

(BETHUNE-COOKMAN)                                                                               

20 – Terron Armstead / T / New Orleans Saints – $679 359

(TENNESSE STATE)                                                                                        

21 – Marquette King / P / Oakland Raiders – $570 334

(FORT VALLEY STATE)                                                                                  

22- Ryan Davis / DE / Jacksonville Jaguars – $495 000

(BETHUNE-COOKMAN)                                                                              

23 – Larry Donnell / TE / New York Giants – $495 000

(GRAMBLING STATE)                                                                                    

24 – Anthony Levine / S / Baltimore Ravens – $495 000

(TENNESSEE STATE)                                                                                      

25 – Bryan Tyms / WR / New England Patriots – $495 000

(FLORIDA A&M)                                                                                            

26 – Kadeem Edwards / T / Tampa Bay Buccaneers – $473 000

(TENNESSEE STATE)                                                                                    

27 – Isaiah Crowell / RB / Cleveland Browns – $423 333

(ALABAMA STATE)                                                                                        

28 – Michael Ola / T / Chicago Bears – $421 666

(HAMPTON)                                                                                                      

29 – Frank Kearse / DE / Washington Redskins – N/A

(ALABAMA A&M)

Sources: NFL.com, The Guardian, Spotrac

Unemployment Rate By HBCU State – July 2014

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NUMBER OF STATES WITH RISING UNEMPLOYMENT: 15

NUMBER OF STATES WITH DECLINING UNEMPLOYMENT: 1

NUMBER OF STATES WITH UNCHANGED UNEMPLOYMENT: 8

LOWEST: OKLAHOMA – 4.6%

HIGHEST – MISSISSIPPI – 8.0%

ALABAMA –  7.0% (6.8%)

ARKANSAS – 6.2% (6.2%)

CALIFORNIA – 7.4% (7.4%)

DELAWARE – 6.2% (6.1%)

DISTRICT OF COLUMBIA – 7.4% (7.4%)

FLORIDA – 6.2% (6.2%)

GEORGIA – 7.8% (7.4%)

ILLINOIS – 6.8% (7.1%)

KENTUCKY – 7.4% (7.4%)

LOUISIANA – 5.4% (5.0%)

MARYLAND – 6.1% (5.8%)

MASSACHUSETTS – 5.6% (5.5%)

MICHIGAN – 7.7% (7.5%)

MISSISSIPPI – 8.0% (7.9%)

MISSOURI –  6.5% (6.5%)

NEW YORK – 6.6% (6.6%)

NORTH CAROLINA – 6.5% (6.4%)

OHIO – 5.7% (5.5%)

OKLAHOMA – 4.6% (4.5%)

PENNSYLVANIA – 5.7% (5.6%)

SOUTH CAROLINA – 5.7% (5.3%)

TENNESSEE – 7.1% (6.6%)

TEXAS – 5.1% (5.1%)

VIRGINIA – 5.4% (5.3%)

Previous month in parentheses.

HBCU Money™ Business Book Feature – The African Union and Its Institutions

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Written by eminent scholars on Africa and practitioners who have worked in or with the African Union (AU), this report brings together the analysis and research of 17 largely Pan-African scholars, policymakers, practitioners, and civil society representatives. A particularly timely and welcome addition to the pioneering literature about this young and potentially powerful institution, this analysis presents a positive but realistic picture of the AU while diagnosing several key challenges, including Africa’s security and governance problems.

HBCU Money™ Dozen 9/8 – 9/12

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Solar Growth Beat Out Natural Gas In First Half Of 2014 l Clean Technica http://dlvr.it/6tKbw6

How Apple Pay could make the Target and Home Depot breaches a thing of the past l CSOonlinehttp://bit.ly/1oyeBwp

Help kids learn about saving H2O & energy this school year w/our WS tools l EPA Water http://1.usa.gov/1vYhUVl

Shell Invests In Solar Power-based Enhanced Oil Recovery Technology l Clean Technica http://dlvr.it/6tHvqF

Is there a viable alternative to ubiquitous GPS? l NetworkWorld http://ow.ly/BoTny

5 questions to ask before you take a tech job l Computerworld http://ow.ly/BoVPM

Federal Reserve, Central Banks, & Financial Departments

Did your university teach based on specific job profiles? l World Bank http://wrld.bg/BiVCr

More homeowners retire with outstanding student loan debt l Housing Wire http://hwi.re/6tK5VS

Houston Economic Indicators: Economic conditions in Houston strengthen markedly in July l Dallas Fed http://bit.ly/1nOFs7e

Infrastructure Investment Summit begins to chart course toward mobilizing private capital l Treasury http://go.usa.gov/VdY3

When financial institutions understand the communities in which they operate, they’re more efficient l Boston Fed http://ow.ly/BoYuU

Report: Credit card debt nearing “tipping point” l Housing Wire http://hwi.re/6tFfBk

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ September 12, 2014

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $8.48 (0.00% UNCH)

M&F Bancorp (MFBP) $5.24 (0.00% UNCH)

Radio One (ROIA) $3.13 (0.65% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  248.53 (0.2% DN)

Botswana Stock Exchange (BSE)  9 415.95 (0.02% DN)

Ghana Stock Exchange (GSE)  2 233.70 (4.13% UP)*

Nairobi Stock Exchange (NSE)  159.43 (N/A)

Johannesburg Stock Exchange (JSE) 51 247.71 (0.03% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 893.09 (0.76% DN)

London Stock Exchange (LSE)  3 627.85 (0.18% UP)

Tokyo Stock Exchange (TOPIX)  1 313.72 (0.19% UP)

Commodities

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The HBCUpreneur Corner™ – Norfolk State University’s Harold Blackwell & Chestnut Hollow Farms, LLC

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Name: Harold L. Blackwell

Alma Mater: Norfolk State University

Business Name & Description: Chestnut Hollow Farms, LLC grows hydroponic leafy greens (kale, lettuce, spinach, etc.) and culinary herbs in an indoor controlled environment year round in Fairfield County, CT.

What year did you found your company? In late 2011 and we have been going strong ever since.

What has been the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting moment was when we picked up our first grocery store/wholesale account. It was at that moment the realization set in we were onto something great. My most fearful moment was when it became apparent demand started to outstrip our capacity. A great problem to have, but definitely scary.

What made you want to start your own company? I have always had an ‘entrepreneurial bug’ inside of me. I realized early in life that I wanted to call the shots and not take orders. Obviously you still take orders in some form, but when you own your own business you also control your destiny (for the most part). Based on these internal feelings it was a natural progression to incorporate and do what I enjoy as a business.

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Who was the most influential person/people for you during your time in college? The most influential person was not a professor, but a cousin who was also a HBCU graduate. He explained to me about self-employment and how he built his own real estate empire. My conversations with him helped fill in the gaps of what I did not learn in class. To this day, he is a trusted advisor and has given me gems of wisdom ever since.

How do you handle complex problems? My approach is to always take a step back and make sure I understand all of the facts and think of possible solutions. In each solution, I review whether or not I have accounted for all possible factors (pros and/or cons). Then I do simple benefit analysis and choose my solution.

What is something you wish you had known prior to starting your company? To not delay starting my business because I assumed more money was needed. It was quite the opposite.

What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? More incubators on campus and partnerships with innovative, private companies looking for the next biggest/best idea.

African American farmland ownership is at an all-time low controlling only 0.4% of America’s farmland. What do you believe HBCUs can do to reverse this trend? I believe HBCUs can help reverse the trend by purchasing farmland and build out beginning/new farmer programs on the purchased farmland. Ideally this would create new African American farmers. The hope would be for these new farmers to eventually move on to purchase additional farmland.

How do you deal with rejection? Constructively. It forces you to rethink your strategy and approach to certain tasks.

When you have down time how do you like to spend it? I spend my down time either reading or doing some farm related activity. I also maintain a day job so these activities serve to relax my mind and spirit.

What was your most memorable HBCU memory? Oh wow, there are so many to choose from! I would have to say graduating. My mother, father, brother, aunt, and some friends were there to show support. One of my proudest days.

In leaving is there any advice you have for budding HBCUpreneurs? Read and be open to ideas that do not necessarily align with your thinking. I believe these factors help you think outside of the proverbial box. Read current events and anything that interests you. Especially books/periodicals related to your industry or a field you wish to become establish a business.

African America’s August Jobs Report – 11.4%

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Overall Unemployment: 6.1% (6.2%)

African America Unemployment: 11.4% (11.4%)

Latino America Unemployment: 7.5% (7.8%)

European America Unemployment: 5.3% (5.3%)

Asian America Unemployment: 4.5% (4.5%)

Previous month in parentheses.

Analysis: The overall unemployment rate dropped 10 basis points. Unemployment rates for African, Asian, and European America went unchanged. Latino America saw its unemployment rate drop 30 basis points. African America remains the only group with double digit unemployment.

African American Male Unemployment: 10.8% (11.1%)

African American Female Unemployment: 10.6% (10.1%)

African American Teenage Unemployment: 32.8% (34.9%)

African American Male Participation: 67.3% (68.0%)

African American Female Participation: 61.5% (62.3%)

African American Teenage Participation: 25.9% (25.3%)

Previous month in parentheses.

Analysis: African American males saw their unemployment rate drop 30 basis points and participation rate drop 70 basis points. African American females unemployment rate rose 50 basis points and participation rate drop 80 basis points. African American teenagers unemployment rate dropped 210 basis points and participation rate rose by 60 basis points.

CONCLUSION: The overall economy added 142 000 jobs in August. A significant disappointment from most economist estimates. After 3 straight months of job growth for African America, the growth came to a bruising halt in August with a loss of 76 000 jobs. No group suffered more than African American women who loss 155 000 jobs dropping to their second lowest number of employed over the past 5 months. A disturbing notion since African American women continue to be the cornerstone of the economic health for African American families. Despite the losses, the number of African Americans employed and participation rate are both still the second highest they have been in the past 5 months. The real question is whether this is the start of a trend downward for African America or just a temporary blip. It would take 291 000 jobs to get the African American unemployment rate to 9.9 percent.