Thread: Ten Reasons Why NFL Players Go Broke................

Originally Posted by Riczaj01

too few Soul, about 20% if I remember the last stat about broke pro athletes after 5 years of retirement.

I think the econ thing has made a resurgance recently in the HS system 4DB, I didn't have(hs in early 90's) but I know that here in Tx I do think they teach it.

Thank God somebody finally saw the sense of it. When people understand basic financial concept they usually make the right decisions. Marketing gimmicks and bad deals have less impact.

Just to add a thought here. The league sponsors a workshop for rookies explaining to them some of the things they'll be facing and giving them tools to work with. Attendance is mandatory. Maybe they need to have something for retiring vets as well. My guess is that the agent they've depended on so heavily throughout their career isn't gonna have time for them when they're no longer producing revenue for him.

They might be aided if the NFL gave "exit strategy" classes. Young guys, thinking they are invulnerable and will play forever doesn't lend itself to sound financial judgement either.