Neither did the Vikings for three seasons.

If it wasn't for football, we'd never have heard of him and he wouldn't be so broke now.

BOOM!

This isn't strictly an athlete thing either.

I had an old coworker with a girlfriend who bought a used car with a loan sporting either 18 or 23% interest, I can't remember which exactly. I just remember being floored when he told me.

It's almost like his employer doesn't offer training on finances and making your money work for you.

It's almost like these guys never took any economy, finance or basic mathematics classes at a university they were paid via scholarship to attend.

I tutored football players at college, oh my it was brutal.

It's almost like they didn't pay attention when they were told about those things at their rookie orientation...

Most athletes are dumb as **** with money, regardless of color.

They don't want to listen to the boring rules and living not like a rockstar.

The main problem is these guys think they have the full amount and it is not going away for a long while.

Take a average player. In the league 3 years might make 1.4 million.
Taxes from everywhere, lucky to get 700k. But he bought him a house, car, momma a house and knocked up a gold digger. 200k left hopefully after not being picked up. Maybe he can sign in Canada. But child support will sap that money. Effectively broke, have to sell his house, hopefully he paid it off.

Player that signs a good contract extension, plays 8 or 9 years and makes 65million. Hopefully receives 30mil after everything. Buys momma a house gets him a 6million dollar home and multiple cars. Multiple kids. Taxes on cars and properties eat away. Then he finds out his friends or company stole 15 million.

These guys do not listen. Teams should pay ex players who went broke and a firm to tell them how to spread their money out for their lifetime to live off of.
They need a yearly reminder what happens.

Honestly, the first person to start this would make a killing from pro teams.

Proof that even the highest paid can fall victim to the payday loan cycle of doom.

being broke is different for these guys as well. I see bankrupt broke athletes still rolling in g-wagons

I would imagine plenty of this has ate away his funds.

https://bleacherreport.com/articles/...birthday-party

They DO have that!

There are a lot of people aside from gold diggers whose sole job and purpose is taking advantage of athletes who don't know shit about money. Running backs usually aren't the brightest.

So many broke athletes. Millionaires attempting to live like billionaires is a recipe for disaster.

Unfortunately, a personal finance class isn't going to do much good. These athletes have financial advisors. It's an impulse control problem, and those are much harder to solve, especially for young men.