Yesterday, I mentioned that former Pitt Panthers wide receiver Tyler Boyd just signed his rookie contract with the Cincinnati Bengals earlier this week. As mentioned, that first deal was for a little more than $4 million dollars for four seasons, earning him about a million bucks a year.

That's a lot of money in context, right? So what does the former Pitt standout plan on doing? Well, while he wants to take care of his mom, it doesn't seem like he's going crazy with that new contract just yet.

The first two things Boyd plans on doing are purchasing a new house and a new car for his mother. He also mentioned that he will be looking for an apartment in Cincinnati.

"I don't know how long I'll be around Cincy," Boyd said when discussing why he was looking for an apartment and not a house. "Hopefully I'm there for the whole NFL career, but I felt like I should wait until my next contract to start looking at houses and stuff like that."

Good to see that Boyd is apparently taking the sensible route here and while no one would even fault him for buying a house, it seems like he's even avoiding that for now. As a lot of players find out far too often, even guys with significantly more money aren't all that cautious with it (i.e. see Antoine Walker).

If all goes according to plan, Boyd will earn a lot more money over his career and have the chance to spend a little more later.

Be sure to join Cardiac Hill's Facebook page and follow us on Twitter@PittPantherBlog for our regular updates on Pitt athletics. Follow the author and founder/editor @AnsonWhaley.