Athletes play morning and night. Their money should clock just as steady. See exactly how a $51.1 million rookie contract breaks down under the 10-10-10-10 system — hourly, daily, weekly, quarterly, and for life.
Carnell Tate signed a 4-year, fully guaranteed rookie contract with the Tennessee Titans worth $51,134,912. Under the traditional system, this looks like a huge number — but without CHAPPS, the structure of when and how he receives it is unprotected, heavily taxed, and ends the moment his contract does.
Under CHAPPS, every dollar of that contract is clocked, categorized, and protected. Only the taxable salary portion — 10 hours out of 40 — is subject to taxation. The rest is his. And after his 4-year obligation ends, his salary continues for the rest of his life because he already paid for it, one quarter at a time.
As an athlete, Carnell operates under the Full-Time Military CHAPPS classification on Tour 1. Games run morning and night. His clock runs steady.
At $6,150/hour, the 40-hour work week splits into four equal categories of 10 hours each. Only one is taxable.
| Category | Hours/Week | Hourly Rate | Weekly Amount | Tax Status |
|---|---|---|---|---|
| This Year's Salary | 10 hrs | $6,150 | $61,500 | Taxable |
| Benefits | 10 hrs | $6,150 | $61,500 | Non-Taxable |
| Stipend | 10 hrs | $6,150 | $61,500 | Non-Taxable |
| Next Year’s Salary | 10 hrs | $6,150 | $61,500 | Non-Taxable |
| Weekly Total | 40 hrs | $246,000 |
Each workday clocks into specific categories. The pattern ensures exactly 10 hours in each category across the 5-day week.
Each quarter, 120 hours accumulate in every pay category. The only portion that is taxed is this year's salary. Everything else is owned completely by Carnell.
| Category | Quarterly Hours | Rate | Quarterly Amount | Tax | Notes |
|---|---|---|---|---|---|
| This Year’s Salary | 120 hrs | $6,150 | $738,000 | Taxable | Only taxed portion |
| Benefits | 120 hrs | $6,150 | $738,000 | Non-Taxable | 10% to CHAPPS = $73,800 |
| Stipend | 120 hrs | $6,150 | $738,000 | Non-Taxable | 10% tithe = $73,800 |
| Next Year’s Salary | 120 hrs | $6,150 | $738,000 | Non-Taxable | Funds retirement forever |
| Quarterly Total | 480 hrs | $2,952,000 |
Every quarter, Carnell contributes 120 hours of next-quarter salary — $738,000 — into a self-funded salary account that is permanently his. That money is non-taxable. It is pre-paid. It cannot be cut by a pension board, lost in a market crash, or taken when his contract ends.
When his 4-year obligation to the Tennessee Titans is complete, his CHAPPS account keeps paying him the salary he already funded. He played. He clocked. He built. Now he receives — for the rest of his life.
Whether you earn $30,000 a year or $30 million — the 10-10-10-10 system applies to you. One-time $100 sign-up. Your clock starts now.