In July we reported O.J. Simpson might have made more than $600,000 over the course of his nine years in prison.
Simpson was released on Sunday morning, which means that money is now his to spend and it can’t be touched by the families of Nicole Brown Simpson or Ronald L. Goldman. The Brown and Goldman families won a civil judgment against Simpson in February 1997 that, including interest, is now worth about $65 million, a Goldman family lawyer told The Associated Press.
O.J. Simpson released from Nevada prison
O.J. Simpson has been released from a Nevada prison after serving nine years for armed robbery.
Watch ‘O.J.: Made in America’, a five part 30 for 30 documentary series about O.J. Simpson directed by Ezra Edelman, on ESPN.
Unlike other money he might earn in the future, this particular income is O.J.’s because his NFL pension is protected by state law.
There has been much confusion as to how much Simpson was pulling in for his pension, but it’s fairly easy to calculate since the terms of NFL player pensions are public. One factor that adds to the confusion is the uncertainty of the age Simpson elected to begin collecting on his pension.
Let’s do the math: Simpson played in the NFL from 1969 to 1979. NFL players who played before 1982 get a monthly pension credit of $250 for every season played. Since Simpson played 11 seasons, that adds up to $2,750 a month.
As part of a settlement in 2011, former players were given an extra monthly payment of $124 per season played before 1975, and $108 per season played in subsequent years. Simpson played six seasons before 1975 (a monthly total of $744) and five seasons after ($540). That’s an additional $1,284.
That adds up to $4,034 a month.
That’s what Simpson would have made if he elected to start taking out his NFL pension at the age of 55. Getting paid that for 108 months in jail would mean O.J. made $435,672.
But if he waited until 65 (he turned 70 in July), he would have collected 2.619 times that, according to the formula. That would make his pension approximately $10,565 a month, and based on 60 months in jail after his 65th birthday, that’s $633,900.