It's pretty bad

Jan 15, 2021
1:59:02pm

El Careeb Professor Smarty-Pants

It's pretty bad

This is how the NFL hopes to keep its players from ending up broke

NFL players — and their wives — attend a Personal Finance Camp to learn to make their money last long after they stop playing.

https://www.marketwatch.com/story/this-nfl-training-camp-turns-football-players-into-financial-stars-2016-04-06

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El Careeb

Previous username: elcareeb
Bio page: El Careeb
Joined: Jul 20, 2005
Last login: May 5, 2024
Total posts: 17,901 (3,482 FO)

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Messages

Author

Time

So Adrian Peterson has made $105M in his playing career and is effectively broke

Fargo

1/15/21 12:51pm

Sounds worse than just being broke!

grandpacoug

1/15/21 12:52pm

sticks to beat kids are expensive

Turd Ferguson

1/15/21 12:52pm

That's a lot of child support

YIsForBrigham

1/15/21 12:53pm

Not that I doubt you, but do you have a source? I'd like to read about it

ZacSeljaas'Stache

1/15/21 12:55pm

Here is the first thing I saw

crack

1/15/21 1:01pm

"75% of NFL players file for bankruptcy within 5 yrs of retiring." Is that true?

Bro

1/15/21 1:05pm

I thought that was within 3 years

KingDave

1/15/21 1:07pm

It's pretty bad

El Careeb

1/15/21 1:59pm

ESPN article. Says what he's made and what he owes some lender he isn't repaying

Fargo

1/15/21 1:16pm

Link to ESPN article. If you read it it sure seems like he simply doesn't have

Fargo

1/15/21 1:21pm

Big deal. You are born poor you die poor*

TNT

1/15/21 12:58pm

$40 million went to taxes - it's rough to survive on just $65 million

BigTex

1/15/21 12:58pm

Crazy stat: 78% of NFL players file for bankruptcy within 5 yrs after retiring.

YSMACK

1/15/21 1:03pm

Yeesh

maxpowers

1/15/21 1:09pm

I am sorry, but these guys are idiots. How you blow through that kind of money

Cougar TD

1/15/21 1:13pm

Lambos man lambos

Nat Gas Man

1/15/21 1:21pm

They usually have a few similarities - trusted the wrong people (either the

crack

1/15/21 1:23pm

I remember watching something on TV a long time ago about Allen Iverson

mwcoug

1/15/21 1:39pm

He has $32 million coming to him in 2030. I think he'll be able to scrape by.

ekiben

1/15/21 2:11pm

It makes sense. The average NFL career is 3 years. Give a 20 year old kid 1 mill

Gorum the Old

1/15/21 1:54pm

Isn’t he the one that compared football to slavery

Nat Gas Man

1/15/21 1:06pm

I normally don’t think that annuities are a great deal but in the case of these

Nat Gas Man

1/15/21 1:48pm

Just watch the documentary "Broke." It's eye-opening.

Adwight

1/15/21 2:04pm

Crazy part is that doesn't even include the money he was paid for college! (:

delbert

1/15/21 2:36pm

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