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Old 05-05-2010, 01:44 AM   #118
GMScud
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Join Date: Sep 2006
Location: Washington, DC
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Re: Why do so many NFL players go bankrupt?

Quote:
Originally Posted by JoeRedskin View Post
I don't need to "walk in another man's shoes" to study and learn from his experiences. If that were true, then there would be no point to education.

I think the term ignorant is more appropriate here. Some of these guys are ignorant b/c they simply have never learned the value of education, some are ignorant b/c they come from a background that celebrates ignorance and some are ignorant b/c they choose to be so and listen to their yes men.

Lots of smart people can be ignorant. Happens everyday. Some are self aware enough to realize they are ignorant and then do something about it. Others, like coddled atheletes coming from a culture that permitted or encouraged them to feel entitled, not so much.
I think that's a big part of it nowadays. These athletes have sponsors, agents, family members/friends, and other yes-men types who pump up their egos so much for their own personal gain. A lot of these kids have been told how great they are for years and years. Once they get that money the yes-men get louder, the temptation to spend and give away money grows.

I would go as far as to say that unless said athletes are pretty smart and/or surround themselves with people who truly care about their financial well-being, chances are they'll get taken for a pretty penny at some point.

For every big contract that is signed in pro sports, there are plenty of vultures waiting to attempt to siphon their share. Lots of huge wallets in the back pockets of low IQ's to prey on.

If I was the commish of any pro sports league, I would have mandatory financial counseling for every single rookie, in addition to optional counseling for every other veteran player. These kids have got to be made aware of the predators out there, and they also need to hear some perspective on the dangers of becoming mega-rich overnight.
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