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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]
For many football stars, money goes just as quickly as it comes. According to Sports Illustrated, nearly 4 out of 5 former NFL players either go bankrupt or suffer severe financial distress within ...
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.
Since NFL teams began retiring numbers, 163 players have had their jersey number retired. The Chicago Bears and the New York Giants have the most retired numbers of the teams with 14 each. Reggie White is the only player whose number was retired by two teams (the Green Bay Packers and Philadelphia Eagles ).
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 ...
Bankruptcy fraud, concealment of assets, money laundering 6 + 1 ⁄ 2 months imprisonment, 500 hours community service, $200,000 in restitution [230] Released in June 2013 after serving a total of 13 months (7 while awaiting sentencing, 6 + 1 ⁄ 2 afterwards). Placed on probation for three years and also ordered to complete substance abuse ...
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.
Former NFL receiver Antonio Brown filed for bankruptcy in federal court as he reportedly owes nearly $3 million to creditors. Brown made a reported $80 million during his 12-year career.