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

Lesean McCoy runs
Getty Images
0 Comments

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.”

49ers vs Broncos live stream: How to watch SNF online, time, TV channel tonight for NFL Week 3 matchup

0 Comments

With 2 weeks of action already in the books, all the attention now shifts to Week 3. This Sunday night, September 25, it’s Jimmy Garoppolo and the San Francisco 49ers taking on Russell Wilson and the Denver Broncos in a battle at Mile High in Denver, Colorado. Live coverage begins at 7:00 p.m. ET with Football Night in America on NBC and streaming live on Peacock.

Wilson is 16-4 against the 49ers in the regular season and has thrown 36 touchdown passes against San Francisco, the most he’s thrown against any opponent. On the other side, Garoppolo, who entered the game in Week 2 after Trey Lance suffered an ankle injury, owns a 31-14 record as the 49ers’ starting quarterback and has led the team to two NFC Championship Games and one Super Bowl.

More from NBC Sports Pressbox:

San Francisco and Denver will meet for the 16th time on Sunday and the 49ers currently hold an 8-7 advantage in the all-time series, including the postseason. The SNF matchup will mark the first meeting between the teams since Week 14 in 2018. The 49ers went on to win that game, 20-14.

RELATED: 2022 Sunday Night Football Schedule: TV channel, live stream info, NFL schedule

NBC has got you covered with all you need to know about the game including the TV channel, start time, live stream information, and more.

How to watch 49ers vs Broncos live on Sunday Night Football

  • Where: Empower Field at Mile High in Denver, Colorado
  • When: Sunday, September 25
  • Start Time: 8:20 p.m. ET; live coverage begins at 7:00 p.m. ET with Football Night In America
  • TV Channel: NBC
  • Stream liveWatch live on Peacock or with the NBC Sports App

RELATED: Peter King’s 2022 NFL Season Predictions

This NFL season, Peacock is streaming all of NBC’s NFL games including regular season and playoff games. More from Peacock’s website:

If you have access to NBC via your TV provider, you can watch Sunday Night Football on your TV or with a TV provider login on the NBC Sports app, NBC app, or via NBCSports.com. Check your local listings to find your NBC channel. If you can’t find NBC in your channel lineup, please contact your TV provider.

If you don’t have access to NBC via your TV provider, you can stream Sunday Night Football with a Peacock Premium plan.  Sign up here.

Please note that selection of a Premium plan will result in a charge which will recur on a monthly or annual basis until you cancel, depending on your plan. You can cancel your Premium plan at any time in your Account.

RELATED: See the 2022 NFL Sunday Night Football schedule here

Tune into Football Night in America this week and all season long, for new weekly segments hosted by Chris Simms and sports betting and fantasy pioneer Matthew Berry, now showcasing real-time betting odds on the scoring ticker, courtesy of BetMGM. 

Don’t forget to stick around postgame because Peacock Sunday Night Football Final is going to go deep on all the storylines and BetMGM betting lines that proved prominent during the matchup.

Make sure to visit NBC Sports EDGE, NBC’s betting and fantasy sports site, for in-depth coverage highlighting the players and storylines impacting the football season on Peacock and across NBC Sports digital platforms.

RELATED: Check out all the latest NFL news and Rumors for the 2022 season

Follow along with ProFootballTalk for the latest news, storylines, and updates surrounding the 2022 NFL Season, and be sure to subscribe to NFLonNBC on YouTube!

2022 Sunday Night Football Schedule: TV channel, live stream info, NFL schedule

3 Comments

The 2022 NFL Football season is finally back in session. This Sunday night features a match-up between Jimmy Garoppolo and the San Francisco 49ers vs Russell Wilson and the Denver Broncos. NBC and Peacock have got you covered with access to this week’s game as well as every Sunday Night Football game this season. See below for the complete 2022 Sunday Night Football schedule and find out how to live stream every game on Peacock.

RELATED: FMIA Week 2 – Mike McDaniel’s ‘F— It’ Play Powers Dolphins’ Comeback and How 49ers Adjust Without Trey Lance

This year’s Sunday Night Football coverage will feature Mike Tirico and Cris Collinsworth in the booth and Melissa Stark on the sidelines. Live coverage begins every Sunday night at 7:00 p.m. ET with Football Night in America with the talented group of Maria Taylor, Tony Dungy, Rodney Harrison, Jason Garrett, Chris Simms, Jac Collinsworth, Mike Florio, and Matthew Berry. Berry, a fantasy football industry pioneer, will also appear on Peacock’s exclusive NFL post-game show, Sunday Night Football Final.

RELATED: How to watch Matthew Berry on NBC Sports

Football Night in America will also feature a weekly segment hosted by Simms and sports betting and Berry, which highlights storylines and betting odds for the upcoming Sunday Night Football game on NBC, Peacock, and Universo. Real-time betting odds on the scoring ticker during FNIA also will be showcased. Peacock Sunday Night Football Final, an NFL postgame show produced by NBC Sports, will also go deep on the storylines and BetMGM betting lines that proved prominent during the matchup.

2022 Sunday Night Football Schedule:

*Live coverage begins at 7:00 p.m. ET.

Thursday, Sept. 8 (Week 1) – Josh Allen’s four touchdowns power Bills to 31-10 victory over Rams

Sunday, Sept. 11 (Week 1) – Bucs take care of business against Cowboys, who lose Dak Prescott late

Sunday, Sept. 18 (Week 2) Packers roll over Bears 27-10 as Aaron Jones, Preston Smith star

Sunday, Sept. 25 (Week 3) – 49ers at Broncos

Sunday, Oct. 2 (Week 4) – Chiefs at Buccaneers

Sunday, Oct. 9 (Week 5) – Bengals at Ravens

Sunday, Oct. 16 (Week 6) – Cowboys at Eagles

Sunday, Oct. 23 (Week 7) – Steelers at Dolphins

Sunday, Oct. 30 (Week 8) – Packers at Bills

Sunday, Nov. 6 (Week 9) – Titans at Chiefs

Sunday, Nov. 13 (Week 10) – Chargers at 49ers

Sunday, Nov. 20 (Week 11) – Bengals at Steelers

Thursday, Nov. 24 (Week 12) – Patriots at Vikings

Sunday, Nov. 27 (Week 12) – Packers at Eagles

Sunday, Dec. 4 (Week 13) – Colts at Cowboys

Sunday, Dec. 11 (Week 14) – Chiefs at Broncos

Sunday, Dec. 18 (Week 15) – Patriots at Raiders

Sunday, Dec. 25 (Week 16) – Buccaneers at Cardinals

Sunday, Jan. 1 (Week 17) – Rams at Chargers

Sunday, Jan. 8 (Week 18) – Matchup TBD

 RELATED: How to watch 49ers vs Broncos – Live stream, TV Channel, Game Preview


How to watch Sunday Night Football on Peacock:

If you have access to NBC via your TV provider, you can watch Sunday Night Football on your TV or with a TV provider login on the NBC Sports app, NBC app, or via NBCSports.com. Check your local listings to find your NBC channel. If you can’t find NBC in your channel lineup, please contact your TV provider.

RELATED: 2022 NFL Regular Season Schedule – How to Watch, Live Stream, Dates, Times, Matchups

If you don’t have access to NBC via your TV provider, you can stream Sunday Night Football on Peacock with a $4.99/month Peacock Premium plan.  Sign up here or, if you already have a free Peacock account, go to your Account settings to upgrade or change your existing plan. 

RELATED: PFT’s Week 3 2022 NFL power rankings

Please note that selection of a Premium plan will result in a charge which will recur on a monthly or annual basis until you cancel, depending on your plan. You can cancel your Premium plan at any time in your Account.

RELATED: PFT’s Week 2 2022 NFL picks


 Follow along with ProFootballTalk for the latest news, storylines, and updates surrounding the 2022 NFL Season, and be sure to subscribe to NFLonNBC on YouTube!