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...
16% of retired NFL players go bankrupt, a report says.The stat comes from a new paper from the National Bureau of Economic Research.RobertsDanielFortune
But while Clowney — and hundreds of other NFL rookies — know a lot about football, they know little about managing money. Many are likely to end up bankrupt. Just two years after their athletic careers end, 78% of former NFL players are bankrupt or nearly there, according to an analysi...
The study does knock down a widely repeated claim bySports Illustratedthat "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." Instead, the study found about 2% file for bankruptcy ...
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...
Q: Do you have some advice for the younger players who are considering the jump like you did early out of college? What factors should they consider since you went through that whole process? Gonzalez: I think if you are going to leave early, you better make sure that you are going ...
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 ...
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 ...
'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...
Source: NFL, CBS. Two players waving goodbye to opposing players. One was fined for taunting. One was not. Because reasons.Football has even more scenario diversity than baseball; it isn’t infinite, but for our purposes it might as well be, given that it is dimensioned by down-and-...