60% of NBA players bankrupt 5 years after retirement

[methomps]

le basketbawl: The NBA Basketball Blog: 60% of NBA Players Broke After 5 Years...

A questionable statistic from the NBAPA (an "estimate" actually), but certainly interesting. I wonder if this is skewed by players who make very little or if there are a large number of multi-millionaire players who blow it all that quickly.

[Brutus1]

"We need alot because we spend alot"

[BUCKYLE]

There's a reason they have the "lottery"...evidentally.

[Brutus1]

Multiple homes
multiple cars
multiple children from multiple women
multiple hangers-on

single, partially functioning brain.

Boo friggin hoo.

[MililaniBuckeye]

Originally Posted by methomps

le basketbawl: The NBA Basketball Blog: 60% of NBA Players Broke After 5 Years...

A questionable statistic from the NBAPA (an "estimate" actually), but certainly interesting. I wonder if this is skewed by players who make very little or if there are a large number of multi-millionaire players who blow it all that quickly.

"Very little" in NBA salary is still way more than 95% of the general public makes. I'll get [censored] for this, but I wonder what the ethnic breakdown is...

[tibor75]

My reaction given what I know about the personality of the average NBA player: