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A Fortune magazine article states, however, that a working paper from the National Bureau of Economic Research found that the percentage of NFL players who go bankrupt after two years is a much smaller 1.9%, climbing to 15.7% after 12 years. [6]
The NFL player filed for Chapter 11 bankruptcy in 1991 after his bank attempted to collect on nearly $4 million in failed loans made to Unitas and his business partners in the mid-1980s for the ...
A stunning 78% of professional athletes go broke after just three years of retirement, Craig Brown, an NKSFB Sports Business Division partner, told FOX Business' "Mornings with Maria" in 2022.
By contrast, 78% of NFL players go bankrupt or nearly broke just two years into retirement, according to Sports Illustrated. Among NBA veterans, 60% fall into the same predicament after five years.
"Why MLB Players Land The Best Pro Contracts". CNBC. 22 October 2018. Archived from the original on 13 December 2021 – via YouTube This page was last edited on 13 ...
The NFL Players Association's Financial Advisors Registration Program is a program that will provide NFL players with access to a list of financial advisors who are deemed qualified by the NFLPA. [2] The program was created in 2002 after a series of many investment schemes targeted at professional athletes.
Three former NFL players explain why so many pro's lose all of their money. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
Despite the decrease in catastrophic injuries, a greater number of NFL players have reported major injuries and shortened careers since the 1970s, in part due to the increasing size and speed of players and the use of artificial turf. In many cases, injuries sustained while playing can cause long-term damage.