Athletes Gone Broke – The List
“In a less public way, other athletes from the nation’s three biggest and most profitable leagues—the NBA, NFL and Major League Baseball—are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players’ associations, agents and financial advisers) indicate that:
• By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.
• Within five years of retirement, an estimated 60% of former NBA players are broke.”
above taken from Sports Illustrated – “How and Why Athletes Go Broke” (March 23, 2009).
** Click on a players name to be taken to their page **
Evander Holyfield – Child Support drama
Raghib “Rocket” Ismael
Terrell Owens – $50 Severance
Andre “Bad Moon” Rison
John Arne Riis