Society

OJ Simpson Made NFL Pension While Imprisoned

| by Alex Scarr
Jail cellJail cell

Convicted felon and former NFL running back O.J. Simpson was recently granted parole from prison, and it has been determined that he was potentially making more than $10,000 per month while behind bars.

According to a report from CNBC, Simpson could have raked in more than $600,000 from his NFL pension that paid him $10,565 per month since he turned 65. Simpson, 70, is set to be released from prison after spending almost eight years of a 33-year sentence in prison. He was convicted of armed robbery in 2008.

The numbers aren't entirely proven, as Simpson has not made financial disclosures about when he began collecting his NFL pension.

Former players are allowed to begin taking their pension soon after retirement, but the fund accrues over time, which rewards players who wait. If Simpson waited until he was 65 to take his pension, he would have been able to maximize the payout.

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If Simpson opted to take his pension 10 years earlier, at the age of 55, he would have been paid $4,034 per month, according to ESPN. Simpson's pension was calculated based on his 11 NFL seasons and various bonuses. NFL player pensions are public record.

Simpson also owes nearly $52 million to the families of Ron Goldman and ex-wife Nicole Brown Simpson in damages stemming from a civil suit in 1997, reports CNBC. But according to state law, Simpson is not legally obligated to use his pension money to pay the families.

Simpson was famously acquitted in the 1995 criminal trial in the deaths of his ex-wife and her friend.

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The NFL has encouraged players to save more of their salaries during their playing careers, as roughly 1 in 6 former players declare bankruptcy after retiring from the game. The NFL matches 401(k) contributions twice during a player's active career to make up for meager pension payouts to many players. The average player lasts fewer than four seasons in the league.

Simpson is set to be released from prison Oct. 1 after serving the minimum on a 33-year prison sentence for his role in an armed robbery in Las Vegas.

Simpson was granted parole after the parole commissioners cited his lack of a prior conviction and low risk of committing another crime, according to ESPN.

"I've spent nine years making no excuses about anything. I am sorry that things turned out the way they did," Simpson said during the hearing. "I had no intent to commit a crime ... I've done my time. I'd just like to get back to my family and friends -- believe it or not, I do have some real friends -- and I tried to be helpful to everybody."

After he is paroled, Simpson has indicated he would like to move to Florida, a request that must be approved by Nevada's Department of Corrections.

Sources: CNBC, ESPN (2) / Photo credit: Pixabay, Getty Images via CNBC, AP via ESPN

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