Big sports contracts don’t guarantee a lifetime of luxury
April 1, 2016
Today you see pro athletes sign multi-million dollar contracts and you think they must be set for life–but you’d be wrong.
NBA players get paid around $5 million a year on average while NFL players make around $2million a year. So why do 78 percent of NFL players and 60 percent of NBA players either go bankrupt or commit suicide two years after retirement?
How can they fritter away all those millions? What would you do with all that cash? Of course we’d buy our mom a house and dad their dream car and spot our friends and family something. Not to mention you would buy yourself everything you want. So that’s what they do–but also players admit there’s a constant competition on and off the court, that it’s always about getting the upper hand of the other.
It comes down to habits: buying the newest and best things just to show off to their teammates, throwing money in the club just because they can, and living a crazy lifestyle with no regards to their future thinking they’re going to play forever.
Sadly they’re mistaken. The average length of an NFL player’s career is about three and a half years, while an NBA player has a longer career, averaging around five years. Seems like the dream of making it big in sports is just really just a dream, unless you’re big name players like Kobe or Tom Brady.