October 22, 2009

Why Athletes go broke

Some stats on how athletes go broke. A recent article in SI shows the reason for the importance of developing the complete student/athlete.

  • 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce 2 yrs after retirement.
  • an estimated 60% of former NBA players are broke within five yrs of retirement.
Not the Lifestyle kids dreams of on the streets, courts, sandlots and parks.


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