Why Do So Many Ex-NFL Players Go Bankrupt?Daniel Roberts
they must save more when their earnings peak, so that they can continue to spend later in life (including retirement) when they may earn little, if any money. This paper shows thatthis assumption does not holdfor NFL players, who earn the bulk of their...
Sports Illustrated estimated in 2009 that 78 percent of NFL players have gone bankrupt or are facing serious financial stress because of joblessness or divorce within two years of ending their playing careers. In light of the seemingly never-ending stories about NFL players going broke, could you...
What you will probably find is that among the 85% of NFL players who aren’t bankrupt, some are on the brink of losing it all, some are mediocre at best, and some are killing it. Those that are killing it did something similar to what got them to the NFL in the first place. They...
Rich and Bankrupt, Poor and Bad-Mouthed (Posted 2015-04-15 22:29:18) ; Recent Stories on Well-Paid NFL Players and People on Public Assistance Reveal the Two AmericasSingletary, Michelle
Just two years after their athletic careers end, 78% of former NFL players are bankrupt or nearly there, according to an analysis by Sports Illustrated. “I’ve made millions and Iost millions,” admits Eddie George, who was a first round draft pick in 1996 and went on to play nine seas...
Bankrupt Logic: Organizations err, and individuals make mistakes. Trust me, I have plenty of experience! So perhaps vice presidential candidate Paul Ryan's boast that he ran a sub-three-hour marathon, when the actual time was more than four hours -- followed by his weird statement that the...
'Tis Better to Have Rushed and Lost Than Never to Have Rushed at All No. 2:In terrible conditions at Not Bankrupt Yet Coliseum, Kansas City passed 13 times and rushed eight times while the game was close in the first half; Oakland passed 11 times and ran 28 times through the same peri...
players. Thus, reducing bonuses at the top would not reduce total monies paid to NFL players, and would make the overall pay structure fairer. It's just that having Goodell say this does no good, because any pay plan backed by the commissioner is assumed by players to be a trap. The ...
The first – and really only time – I recall the option attack being used regularly was a series in a 1987 replacement game between the 49ers and the woeful replacement players that made up the New York Giants that year. The fake 49ers blew away the fake Giants and at one point, Bill...