ESPN Documentary about American sports stars who are broke

[scotty77]

Think that a lot of people here will find this interesting.  Features quite a few gambling stories too

https://www.youtube.com/watch?v=okFEZCgE5ag

[mondatoo]

Jeez the background music is tilting, plz say it stops soon.

[Boba Fett]

cliffs- which stars are broke?

[BorntoBubble]

cliffs- which stars are broke?

78% of NFL players after 2 years.
60% of NBA players after 5 years.

[Longy]

cliffs- which stars are broke?

Easier to name the ones who aren't.

[arbboy]

http://www.forbes.com/sites/jamesmarshallcrotty/2012/02/21/allen-iverson-earned-over-200-million-in-his-nba-career-hes-now-broke-say-what/

http://newsone.com/2748985/allen-iverson-retires-broke/

[mulhuzz]

cliffs- which stars are broke?

78% of NFL players after 2 years.
60% of NBA players after 5 years.

think the figures are similarish for premiership players.....read that somewhere...

[vegaslover]

cliffs- which stars are broke?

78% of NFL players after 2 years.
60% of NBA players after 5 years.

think the figures are similarish for premiership players.....read that somewhere...

indeed, for all leagues though, not just prem. Most of 'em end up getting divorced by the trophy wives once the money stops coming in

[TommyD]

IMO clubs both sides of the Atlantic now should employ finical professionals to protect their players.  Wages in the top sports have rocketed.  You give someone in their late teens/early twenties those sums of money, bearing in mind these days the those who command such high fees are put in a bubble from an incredibly young age and never told no, of course people will take advantage of them and of course they won't know the value of the money or the fact it can all end abruptly.