10 Surprising Bankrupt Athletes


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Author's Note: 10 Surprising Bankrupt Athletes

To be honest, I don't find it remotely surprising that so many athletes go broke within just a few years of retirement. Think about it. Due to injuries and exceptional competition, the average professional football or basketball career is a blink of an eye. It's the rare exception that a player performs at the top of his or her game for a decade or more. Even though pro athlete paychecks are high, so is the cost of the lifestyle. When everyone around you drives a Bentley and lives in a 30,000-square-foot mansion, it takes serious resolve to live modestly and save for the future. Without money in the bank, that future is bleak for an athlete who was always pressured to put sports first and education second. The athletes certainly share a portion of the blame, but I also fault a college athletic system that cashes in millions from these students without ensuring their preparation for life after sports.

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