Did ya'll know that 65% of NBA players go broke within 5 years of retirement?

[Born2BKing]

As they say it ain't what you make, it's what you spend.

Despite 65 percent of NBA Players Going Broke Within 5 Years of Retirement, Shaquille O'Neal's Mother Helped Him Buy 175 Restaurants and Amass $450 Million Net Worth

Former Lakers superstar Shaquille O'Neal revealed how he managed to acquire several business and what motivated him to do so.

www.essentiallysports.com

 

[thenatural]

After watching "Broke" on 30 for 30, I always assumed car washes were essentially a loss. Nowadays, fast food (especially mall food) might be too. But I think Shaq is such a brand today, most businesses are crawling to him to help their bottom line. He probably makes good money from Turner, but the fact that he's on television also increases his marketability and worth.

 

[Erratic415]

Some athletes choose to do just awful investments.

https://vault.si.com/.amp/vault/2009/03/23/how-and-why-athletes-go-broke

It doesn’t surprise me for basically anyone. Lots of lotto winners end up struggling financially as well I heard.

Those surveys might be kind of skewed though if they include guys on 10 day contracts, or NFL players who only play a year or 2 (the majority of NFL players don’t last), MLB players who get called up briefly but aren’t good enough to last, etc…..NBA players I think have better options than NFL players though. If you’re good enough to get a 10 day contract or two-way, you’re most likely good enough to make very comfortable money overseas.

 

[WIA20XX]

 

[getmoney310cpt]

I’d be surprised if any player who came in the league after 2014 goes broke they make absurd money now

 

[Remote]

Kawhi won’t.

He drives a rusty 17 year old car.

And his Windows XP service pack hasn’t been updated since 2008 so I don’t think his brain is programmed to make it rain on hoes.

 

[Koapa]

Ask me if I give a fukk?? Like really, no one gives a fukk about any rich athlete's going broke especially any player that was drafted after 2000. We literally see you on social media doing dumb shyt and being arrogant AF with ya money.

 

[Ironman]

Shaq, Chuck, Kenny, Bron, showed blueprints to follow far as business

 

[old pig]

and some of y’all was laughing at breh who took back his clothes





















































…but nah that fool was funny tho…should’ve never bought them in the first place

 

[Crude]

Not surprising, these guys still want to live that high class lifestyle after money stops coming in and if they haven’t made investments to keep brining money in at an equal or better pace they go broke.

 

[skyrunner1]

I’d be surprised if any player who came in the league after 2014 goes broke they make absurd money now

This how I feel, the money different now.. You look at journeyman and they clearing 100 mil after 2014.. Look at a guy like Danny Green

A guy who barely hung on til he found a role and was part of championship so now he has that under his belt



Danny Green