Why Professional Athletes Go Broke (It’s Not What You Think)

by / Wednesday, 03 July 2013 / Published in Breaking News

Sports Illustrated reports the grim statistics — 78 percent of NFL players face bankruptcy or serious financial stress within just two years of leaving the game and 60 percent of NBA players face the same dire results in five years.  While the statistics are not in dispute, the reasons why so many athletes face financial problems are.  Often it boils down to the “dumb jock” stereotype, but this is not a valid or useful explanation of why so many professional athletes end up broke.

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Mel Owens (77 Posts)

Mel Owens, Attorney at Law, is a true Personal Injury Law expert. A former NFL Player, he is well known for his work 'with Worker's Compensation law throughout California. You can find him on Google+, Linked In and Twitter.


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