Why do so many NFL players go bankrupt?

By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.

Within five years of retirement, an estimated 60% of former NBA players are broke.

-SI, “How (and Why) Athletes Go Broke”

When you think about the money these guys make, you just have to say, “WOW!” What is even more amazing the the reasons why. Number three on the list is “get a divorce.” Number five is “do drugs.” While number six is “have too many children,” it means children out of wedlock. Just maybe they should stop “playing” and get a real job.

Why do so many NFL players go bankrupt?

  1. The needs of the league is important, at times commissioners overlook the obvious. Your statements shed light on a ongoing problem.

  2. I guess they live beyond there means in most cases, but i notice that some of the multi million dollar players keep a steady income. But those who have had injuries struggle after there careers.

      • Jeremy
      • June 7th, 2010

      Thanks for the comment.

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