78% of NFL players go bankrupt

[Azazello1313]

or "severe financial distress". kind of a shocking number, but really not too surprising if you stop to think about it:

 

The 78 percent number is buoyed by the fact that the average NFL career lasts just three years. So, figure a player gets drafted in 2009, signs for the minimum and lasts three years in the league: He will have earned about $1.2 million in salary. Factor in taxes, cost of living and the misguided belief that there will be more years and bigger paydays down the road, and it becomes a lot easier to see how so many players struggle with money after their careers end. Nobody plans on playing just three years in the NFL, you know?

[I Like Soup]

or "severe financial distress". kind of a shocking number, but really not too surprising if you stop to think about it:

Makes you wonder how the rest of us survive on a fraction of those salaries.

[Big John]

 

And the reasons

 

[Ursa Majoris]

Makes you wonder how the rest of us survive on a fraction of those salaries.

And there's the point. Whatever your income level for any given year, it needs to be viewed only by it's known length. For most of us, that's not even beyond the end of today, never mind three years down the road.

[dmarc117]

because 97% of nfl players are not smart

[BeeR]

racist.

[detlef]

Makes you wonder how the rest of us survive on a fraction of those salaries.

My guess is that most of us haven't been sheltered from reality for most of our lives and just told to get their ass on the field and memorize the playbook. So, when, all of a sudden, when we have to fend for ourselves, we know more than how to pick up the blitz or execute the cover 2.