It's one thing to start your own record label, but to do it on the NFL minimum may be pushing it a bit.
That is what DeSean Jackson did last June when he dropped $25,000 at an L.A. nightclub to celebrate the launch of Jaccpot Records, his new record label where he is the CEO.
He did that while collecting the NFL minimum base salary, and rumors last November claimed that Jackson was broke. However, since he recently signed his five-year, $47 million deal with Philly, one can only wonder how much of that is going into the label.
Tim McManus of the Philly Post reported that "some close to Jackson are worried," to the point where some believe that he'll face financial troubles down the road. Remember, the checks only come in for so long in pro sports.
Jackson sees it differently. He views it as a way of helping out his boys back in L.A.
"It's just a different lifestyle and things like that I'm getting into," Jackson explained. "And just helping out my boys that I grew up with, and hopefully make it as a career as rapping and things like that."
McManus explains it as a "champagne and diamond world he's funding, and it ain't cheap."
In the meantime, while Jackson's money is straight, Jaccpot Records has scheduled a new album release for late July, right around the time the Eagles report for training camp. Jackson is rapping on the album, for those interested.
