long read but damn
Prominent NFL agent Drew Rosenhaus scrutinized for relationship with former financial adviser - Yahoo! Sports
-theses NFL players need to just have the agents negotiate their contracts and that's it!
shyt is crazy. Its like these athletes don't even know how to open a bank account, CD account or anything. letting a financial adviser or anyone handle your game day checks and having access to deposit or withdrawal from your account is insaneYa this is how t.o. Went broke
Rosenhaus likes to use athlete money to fund his friends business schemes which are sometimes half assed. Rosenhaus gets a big cut I'm sure
Athletes go along with it because they are dumb/trust other people with their money over themselves
They need to sign to No Limit sports
shyt is crazy. Its like these athletes don't even know how to open a bank account, CD account or anything. letting a financial adviser or anyone handle your game day checks and having access to deposit or withdrawal from your account is insane
Real talk, but I remember a poster on here(forgot his name) who played ball and dealt with a agent for a second. He said the agent would can get you a car, house, etc.. basically whatever you wanted. And I'm sure they have relationships with car dealerships, real estate agents, etc. and they get a fee for directing business towards these guys. I take it most players fresh out of college will let these guys literally handle EVERYTHING. When maybe starting off in the league, forget investments, maybe a simple bank account might be the best thing for them.. then branch out and learn investing and the like after you've gain some knowledge and experience and have that second contract where you do have some wiggle room for investments, big house, etc.Honestly, think about how you'd handle millions of dollars at 21-24 years old. I only knew how to set up a checking and savings account. That's it. If I had people flying at me at all times with investments and telling me to let my "money do my work for me" type statements I'd rely on what my agent says too. Football money ain't guaranteed like baseball money so it's the one sport players get got like this. They have to plan for the future. Rosenhaus is a piece of shyt though.
Sidenote:
If I'm an agent, university, player or league and I find out yahoo sports is investigating me then I'm going into hiding. They don't fukk around with little ass stories. They stay dropping bombs.
Drew Rosenhaus steered alot of his clients(T.O included) to a financial adviser, named Jeff Rubin, who got them to invest in a Alabama Casino that went belly up.. all the players involved lost a total of around $44 millioncliff notes? aint tryna read that shyt
cliff notes? aint tryna read that shyt
Honestly, think about how you'd handle millions of dollars at 21-24 years old. I only knew how to set up a checking and savings account. That's it. If I had people flying at me at all times with investments and telling me to let my "money do my work for me" type statements I'd rely on what my agent says too. Football money ain't guaranteed like baseball money so it's the one sport players get got like this. They have to plan for the future. Rosenhaus is a piece of shyt though.
Sidenote:
If I'm an agent, university, player or league and I find out yahoo sports is investigating me then I'm going into hiding. They don't fukk around with little ass stories. They stay dropping bombs.