Quote:
Originally Posted by Ozy_Flame
That number is staggering. Tells me that they are in a bad situation of living the high life, having everything done for you (maids, chefs, etc.), and having nothing but "yes men" and mooching friends around you constantly.
Pro athletes should be put through the gamut of financial responsibility courses during their career (and the sooner the better). I hate seeing down-and-out guys that were once the limelight darlings.
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The time frame of that study would really help frame things more accurately. If you're including former NFL players from way back it wouldn't surprise me at all. Low salaries when they played plus ongoing medical issues is a recipe for bankruptcy. Are guys who make 7 figures going broke at a 78% clip? I find that a little harder to believe.