Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - How to make $154 million and go broke: By Allen Iverson

pylon · 02-17-2012, 11:57 AM

I have read that something like 65% of NBA players file for bankruptcy within 3 years of retirement. Staggering numbers.

I think a big part of it, is so many of these players come from such poor backgrounds, they are like a kid in a candy store when they land the contract. Plus a huge part of black culture is the bling. All that matters to so many of these guys is Bentleys and Jewellery. It is the mark of success in the thug/gangster culture.

02-17-2012, 11:57 AM	#10
pylon Lifetime Suspension Join Date: Jul 2007 Exp:	I have read that something like 65% of NBA players file for bankruptcy within 3 years of retirement. Staggering numbers. I think a big part of it, is so many of these players come from such poor backgrounds, they are like a kid in a candy store when they land the contract. Plus a huge part of black culture is the bling. All that matters to so many of these guys is Bentleys and Jewellery. It is the mark of success in the thug/gangster culture.