Like celebrities from the entertainment industry, sports personalities are among some of the richest individuals on the planet. When talking about sportspersons, their market value goes even higher if they manage to make a historic play. This is what happened with the New York Yankees outfielder Aaron Judge last year. After breaking the single-season AL home run record in 2022, Judge signed the largest free agent deal in league history at $360 million for nine years.

Now, anyone would be happy to see their years’ worth of hard work pay off in eye-popping numbers. But as any working adult knows, no one is free from the curse of taxes. It’s as Benjamin Franklin once said, “In this world, nothing can be said to be certain, except death and taxes.”

But a popular investor recently advised to Judge on how he can avoid losing money from his contract.

Grant Cardone on how Aaron Judge can evade money loss from a $360 million contract

Grant Cardone is a well-known name in the finance world. Along with authoring more than a few books, the world-renowned entrepreneur is a mogul in the real estate world. One of his latest YouTube videos breaks down Judge’s massive contract. In addition to discussing how the huge numbers just mean more taxes for the Yankees captain, he also has advice on how to avoid it.

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“Let me tell you what I would do if I was Aaron Judge. I would not be in stocks, I would not be in bonds, and I would not keep my money in the banks. I would take $40 million a year… I would live on nothing. Why? Because I know the endorsements would take care of it. I would not spend any of my earned income,” Cardone says in the video.

Despite $40 Million Promise, Aaron Judge Could Make a Lot Less Every Year According to $600 Million Investor

Instead of spending his income, the entrepreneur suggests investing. “I would invest 100% of my earned income into a building that’s worth $160 million. Every single year we’re gonna live off of endorsements…these are large apartment complexes – the cash flow…let’s say I’m in year 5 now, I have $200 million invested. But more importantly, I now have $800 million in real estate – the cash flows.”

Judge almost didn’t sign his record-breaking deal

Now that it’s happened, it’s easy to discuss the details of the Judge’s contract. But in 2022, when All-Rise hit free agency, there was a heart-stopping moment where fans thought Judge wouldn’t come back to play in pinstripes. The San Diego Padres offered him more than the qualifying deal the Yankees were offering.

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But ultimately, the Bronx won out. Judge wanted to play there, and the Yankees wanted him to play there. Becoming the captain was perhaps just an added bonus because the outfielder certainly ticked all boxes required for the role.