WebJan 31, 2008 · It was said that 60 per cent of retired NBA players go broke five years after their NBA paycheques stop arriving. By Dave Feschuk Sports Columnist Thu., Jan. 31, 2008 timer 4 min. read WebAccording to a 2009 Sports Illustrated article, 35 percent of National Football League (NFL) players are either bankrupt or under financial stress within two years of retirement, as are an estimated 60 percent of NBA players, 78 percent of NFL players, and a large percentage of Major League Baseball players (MLB).... The high rate of bankruptcy …
NBA Stars Who Blew Their Millions - Stadium Talk
Web27 players found. Former Kentucky Players Who Played In The NBA * Including anyone currently in the NBA; NBA career stats since the 1946-1947 season. death enemy
NBA Players Who Wasted Their Millions - NickiSwift.com
WebHow Athletes Go Bankrupt at an Alarming Rate. According to a working paper from the National Bureau of Economic Research, 15.7% of NFL players have filed for bankruptcy within twelve years of retiring. (16% of retired NFL players go bankruptcy, Fortune.com). A Sports Illustrated article reports that 78% of NFL players and 60% of NBA players ... WebAug 16, 2024 · According to a 2009 report by Sports Illustrated, 78% of former NFL players have gone bankrupt or are under financial stress within two years of retirement, and within five years of retirement, an estimated 60% of former NBA players are broke. Similar fates have befallen professional baseball, golf and hockey players as well. WebIf you make $1 million per season and spend like you are making $1 mil a year, then the drop off after you got that $3.5 million is going to be precipitous. Not only that, but the lower salaries on account of having 53 players per team and a hard salary cap do not help. Average career lengths of NBA players: 4.8 years; NHL: 5.5 years; MLB: 5.6 ... genericgateway_setusbmounted