NFL player LeSean McCoy wants to build a real estate empire using opportunity zones

Lesean McCoy runs
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National Football League running back LeSean McCoy admitted he had no clue how to handle finances earlier in his career. McCoy didn’t know how to make money from his large NFL paychecks, and saving wasn’t an option, either.

“Now being in my 12th year in the league, looking at all the investments I’ve made from the good to the bad, I think I’ve learned,” McCoy told CNBC.

It’s National Financial Literacy Month, and McCoy says he’s more motivated to further “generate finances not only for myself but also for my family.”

Months after getting his second Super Bowl ring, as McCoy was on the Tampa Bay Buccaneers roster, the 32-year-old player is using the offseason downtime to finish real estate developments. McCoy and his brother LeRon operate real estate firm Vice Capital. With McCoy’s playing days almost over, he’s using the real estate investment route to continue building wealth post-NFL.

“We’re still starting up, but that is the main goal,” said LeSean. He added another mission is to help NFL players learn “how to make money other than just playing football.”

Using the Opportunity Zones

Vice Capital invests in distressed properties in lower-income communities, renovating buildings to create new housing units and commercial space.

The McCoy brothers use opportunity zones to develop some properties. The areas were created as part of the federal Tax Cuts and Jobs Act of 2017 and provide developers capital gains tax incentives. They’re designed to direct investment to under-developed sections of cities and help increase neighborhood values without triggering a rise in rent that would drive residents out of the rebuilt communities.

LeSean’s brother told him about the zones in 2017. But LeSean said he was skeptical when he learned the legislation was passed under President Donald Trump’s administration. “Who is this really for?” he asked his brother.

Before it became official, the legislation was supported by U.S. senators including Sen. Cory Booker, (D-NJ) and Sen. Tim Scott, (R-SC). After researching legislation and identifying the tax exemptions, LeSean determined it was a “win-win.”

“And on the other side, as a humanitarian, you’re able to affect certain communities that need that change,” added LeRon. “Those are usually inner-city areas.”

Former NBA player David Robinson also uses opportunity zones for development.

The McCoy brothers have 60 properties, some of which operate under Vice, including buildings in hometown of Harrisburg, Pennsylvania, and in Philadelphia and where he played with the Eagles for six seasons.

“We want to build that empire in real estate,” LeSean said.

All about trust

LeRon played in the NFL for the 2005 season with the Arizona Cardinals. LeSean played 12 seasons, was selected to six Pro Bowls, and was on the Kansas City Chiefs team that won Super Bowl LIV. LeSean has made $63 million in his career, according to Spotrac.

LeSean asked his brother to help operate Vice, which he launched in 2018, while he maintained his NFL career.

“The hard part for players is trusting,” LeSean said. “My brother is a guy that I trust like no other, so that’s probably why it works so well with real estate. He’s constantly teaching me.”

During Covid-19, LeSean trusted LeRon to handle losses accumulated for the firm, as construction was halted and residents occupying units had eviction protection. LeRon didn’t disclose financials to CNBC but said Vice’s losses were less than $2 million.

“We’re brothers, but he would fire me,” LeRon joked. “The biggest loss that I can pinpoint isn’t dollars but the opportunity.”

Before the pandemic, LeRon said Vice Capital was in negotiations to purchase a property near La Salle University in Philadelphia’s Germantown neighborhood. The property decreased in value, but when Covid-19 spiked real estate prices, the owner took it off the market then relisted it at double the previous price, putting it out of Vice’s range.

LeRon said the pandemic “put a strain on things” as materials like lumber have soared, increasing construction costs. “But I would also say it’s made the seller’s market more magnified,” he added. “Interest levels are cheap, and everyone wants to buy.”

It’s here that LeSean is trusting his brother again. LeSean’s in favor of selling some properties with prices high in a red hot real estate market. LeRon is against the idea.

“Sometimes we agree on things, and sometimes we don’t,” LeSean added. “But the good thing about our bond is that I can trust him with business.”

The McCoy brothers can’t unload the Opportunity Zone properties, though. Investors get tax breaks on their capital gains if they leave their money in a selected community for at least 10 years.

LeSean McCoy (25) walks across the field during the Tampa Bay Buccaneers Training Camp on September 03, 2020 at Raymond James Stadium in Tampa, Florida.
Cliff Welch | Icon Sportswire | Getty Images

What’s next on the field?

Though LeSean counts on his brother for business advice, he still needs to decide on his career as the 2021 season nears. LeSean says he wants to play but remained uncertain about a teams’ interest.

“There are some teams that I probably won’t play for that reached out,” he said. “Other teams, hopefully, we can get an agreement on some things. It’s got to make sense.”

Recapping his 2020 season, LeSean said playing with Bucs quarterback Tom Brady was a “great experience.”

“The whole journey, to see and play with him… I scrimmaged against him when I played in Philadelphia (Brady was then with New England). He was like a drill Sergeant, and then actually playing with him, I could see it. He’s so intense and smart,” LeSean said. “I’ve never played with a quarterback like that where he’s 43. It was cool to see.”

If retirement is near, LeSean said he has options and real estate is the main play. Asked about stocks or investing in bitcoin, LeSean said he tried the investments but is no longer interested.

“My thing is real estate,” LeSean said. “That is something I understand. I don’t need to take someone else’s word for it and the ups and downs – it’s just a lot. With real estate, I can see what’s going on; I can see my money, touch it and feel it.”

NFL quarterback rankings 2023: Chris Simms’ top 40 QB countdown ahead of upcoming NFL season


While the NFL is a league that is ever-changing, some things are set to stay the same in 2023 — like the revealing of Chris Simms’ top 40 QB countdown.

Last year’s list saw Josh Allen take his place atop the quarterback throne, with Kansas City’s Patrick Mahomes and Los Angeles’ Justin Herbert not far behind at No. 2 and No. 3, respectively. It was, however, Mahomes who would ultimately reign over all NFL quarterbacks at the end of the season, as the 27-year-old collected both the NFL MVP honors and his second Lombardi Trophy.

This NFL offseason, however, has brought some intriguing adjustments that are likely to shake up Simms’ rankings.

While some signal-callers such as Jalen Hurts and Lamar Jackson found their prolonged home with massive contract signings, others will be venturing to a new franchise in search of a fresh start. Aaron Rodgers‘ trade to the New York Jets is unquestionably the most staggering shift, but other quarterbacks on the move such as Derek Carr and Jimmy Garoppolo cannot be forgotten.

RELATED: Mike Florio gives an inside look into the Lamar Jackson deal

And with three of the first four picks in the 2023 NFL Draft being spent on a quarterback, emerging talent will likely turn the tides for some franchises this upcoming season.

See below for Chris Simms’ top 40 QB countdown ahead of the upcoming season. Be sure to subscribe to Chris Simms Unbuttoned for more on the 2023 NFL season as well as an unfiltered look at the NFL featuring player access, unabashed opinion, X&O film breakdown and stories from a life in and around football.

RELATED: Peter King’s latest offseason NFL power rankings

Chris Simms’ 2023 Top 40 QB Countdown:

40. Desmond Ridder (ATL)

39. Sam Howell (WAS)

38. Bryce Young (CAR)

37. CJ Stroud (HOU)

36. Anthony Richardson (IND)

35. Mike White (MIA)

34. Gardner Minshew (IND)

33. Taylor Heinicke (ATL)

32. Jarrett Stidham (DEN)

31. Jordan Love (GB)

30. Davis Mills (HOU)

29. Tyler Huntley (BAL)

28. Andy Dalton (CAR)

27. Sam Darnold (SF)

26. Brock Purdy (SF)

25. Kenny Pickett (PIT)

24. Baker Mayfield (TB)

23. Justin Fields (CHI)

22. Jimmy Garoppolo (LV)

21. Tua Tagovailoa (MIA)

20. Mac Jones (NE)

19. Kyler Murray (AZ)

18. Derek Carr (NO)

17. Jared Goff (DET)

16. Ryan Tannehill (TEN)

15. Geno Smith (SEA)

14. Russell Wilson (DEN)

13. Dak Prescott (DAL)

12. Kirk Cousins (MIN)

11. Daniel Jones (NYG)

10. Matthew Stafford (LAR)

9. Deshaun Watson (CLE)

8. Aaron Rodgers (NYJ)

7. Jalen Hurts (PHI)

6. Trevor Lawrence (JAX)

5. Lamar Jackson (BAL)

2023 NFL Schedule Release: Start time, how to watch, live stream, channel


With another exciting NFL Draft in the books, teams can now turn their gaze toward the road to Super Bowl LVIII in Las Vegas. The path to Super Bowl glory, however, is about to become abundantly more clear with the 2023 NFL season schedule release.

This year’s NFL season schedule release is nearly here, with the entirety of the 2023 NFL schedule being unveiled on Thursday, May 11 at 8 p.m. ET on both Peacock and NFL Network. See below for everything you need to know for one of the offseason’s most anticipated events.

RELATED: Click here for full analysis on Rounds 1-7 of the 2023 NFL Draft

When will the 2023 NFL season schedule be released?

While all 272 matchups have been known since the conclusion of the 2022 regular season, the order and dates for these games have remained a mystery. The secret is nearly out, however, with every NFL game on the brink of revelation.

The full 2023 NFL schedule will be released on Thursday, May 11 at 8:00 p.m. ET.

How can I watch the 2023 NFL season schedule release?

The 2023 NFL season schedule release will take place Thursday, May 11 on Peacock, NFL Network, and the NFL app at 8 p.m. ET.

While the entirety of the schedule will be unveiled at that time, select games have already been and will continue to be released prior to the official event. Ahead of the 2023 NFL season schedule release, the following games will be announced:

Who will play in the 2023 NFL Kickoff game?

The first game of the 2023-24 NFL season will see the reigning Super Bowl champion Kansas City Chiefs take the field in Arrowhead Stadium.

The opponent that will meet Patrick Mahomes and company in Kansas City, however, remains to be revealed.

Which NFL teams have international games in 2023?

While the majority of the matchups set to take place next season have yet to be announced, the league has already revealed which teams will head overseas for international showdowns.

Below is the full list of international NFL games for the 2023-24 season, with three in London, U.K., and two in Frankfurt, Germany.

Falcons vs. Jaguars: Week 4, Oct. 1 at 9:30 a.m. ET | Wembley Stadium in London, U.K.

Jaguars vs. Bills: Week 5, Oct. 8 at 9:30 a.m. ET | Tottenham Hotspur Stadium in London, U.K.

Ravens vs. Titans: Week 6, Oct. 15 at 9:30 a.m. ET | Tottenham Hotspur Stadium in London, U.K.

Dolphins vs. Chiefs: Week 9, Nov. 5 at 9:30 a.m. ET | Frankfurt Stadium in Frankfurt, Germany

Colts vs. Patriots: Week 10, Nov. 12 at 9:30 a.m. ET | Frankfurt Stadium in Frankfurt, Germany

RELATED: NFL’s 2023 international games full of “star power”

When is the Super Bowl and where will it be taking place?

Stars will be shining bright in Las Vegas, Nevada, for Super Bowl LVIII, set to take place on Feb. 11, 2024, at the home of the Raiders in Allegiant Stadium.

This will be the first Super Bowl to ever take place in Las Vegas, which hosted the 2023 Pro Bowl and 2022 NFL Draft.

Be sure to follow ProFootballTalk for the latest news, updates, and storylines about the upcoming NFL season!