- Jul 11, 2007
- 2,746
- 10
Thanks. I just read it. Doesn't really surprise me..it's sorta like a random person winning the lottery. They splurge, splurge, and splurge. A couple of years back, they look back and wonder where it went. The one example that kept popping in my head through out the article was Mayweather.Originally Posted by DoubleJs07
Originally Posted by wj4
Originally Posted by DoubleJs07
Where did you get your stats from? If from an article, please post it up...I'd be interested in reading it. I'm not doubting it, just curious.Originally Posted by wj4
Originally Posted by Joseph Camel Jr
And then after shaking their heads, they're on the phone ready to drop thousands on escort services before heading to the dog tracks en route to the casino, dressed in a 6 figure suit, using their 5 digit watch to make sure they stay on schedule while riding around in their Royces and Bentleys.Originally Posted by 23ska909red02
Jehul:
Sports owners writing these checks probably just shake their heads at what the avg athlete blows their $$$ on (i.e depreciating assets).
Telling their kids, "Now that's exactly what I don't want you spending your trust fund on."
They might not waste money on rims on chains, but they're wasting money. C'mon, let's be real.
Not even close to the same thing though. Owners have a lot more money, and 60% of NBA players go broke 5 years after retirement. That's an astounding figure. How many owners go broke? I'd say zero.Within five years of retirement, an estimated 60% of former NBA players are broke
GREAT read
^read that whole article, bro....it's really pathetic....these dudes live nice in the short term, but don't set themselves up for the future financially....
yeah...I wonder about that dude...he has no regard as far as how he spends his cash. Dude does nothing short of using dollar bills as toilet paper...
He's also known to "make it rain" with blatantly counterfeit cash so I think he's a little more prudent than he lets on. In 20 years he mightbe broke but not now, especially not since he's fighting again.