NFL player lives on $60K/yr

[growing_older]

The leagues and the teams are addressing these issues and there are mandatory financial classes for all rookies in many sports. But the contracts are so big, there are so many "advisers" willing to help and many of the players are so young and inexperienced that they can place their trust in the wrong people. Young players have a hard time imagining that their careers can be cut short by injury, even if they have a history of injuries. What they see is $X millions burning a hole in their pocket and unlimited friends and family wanting handouts or peddling "investment" ideas.

Congrats to the few who wisely set themselves up for life by frugal money management, despite the large lifetime sums that can flow into their hands in just a few years.

[gcgang]

http://articles.chicagotribune.com/2...cial-stability

Above article, from 2013, says 78% of NFL players face financial hardship within 2 years after their NFL careers are over.

Kudos to Broyles for LBYM.


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[mickeyd]

Great LBYM story. Thanks for posting.

Don't forget that Gronkowski (NE Pats) claims to have not spent any of the $16 million that he has been paid so far. Living off endorsement cash.