Athletic excellence and financial responsibility are mutually exclusive in some cases. Sad story.

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Sep 10, 2024
12:28:19pm

Bonoman All-American

Athletic excellence and financial responsibility are mutually exclusive in some cases. Sad story.

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Bonoman

Bio page: Bonoman
Joined: Aug 6, 2003
Last login: Sep 19, 2024
Total posts: 25,485 (967 FO)

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Messages

Author

Time

Adrian Peterson was broke and in debt while he was still playing. What a

Jdoc

Sep 10, 12:22pm

I always find this really sad

bythenumbers

Sep 10, 12:24pm

Agreed. These guys make generational wealth, if only they can figure out a way

LifeLongLakerFan

Sep 10, 12:27pm

I don't know what I'd do if I were in that situation.

BlueFever

Sep 10, 12:26pm

Pro boxing match obviously

chismoso

Sep 10, 12:27pm

That's true. At least at that level you still have options.

BlueFever

Sep 10, 12:29pm

Athletic excellence and financial responsibility are mutually exclusive in some cases. Sad story.

Bonoman

Sep 10, 12:28pm

For many of these athletes getting drafted is like winning the lottery

violetjazz

Sep 10, 12:33pm

I know agents do their best to help advise their clients on financial planning and spending, but to your point......

Bonoman

Sep 10, 12:37pm

Career earnings of $103M

Sep 10, 12:35pm

That’s just salary. AP was a very marketable player

palangi

Sep 10, 12:39pm

probably paid half of that in taxes

Gente_Boa

Sep 10, 1:13pm

This is one of the reasons they end up in so much trouble, no understanding of

morningcalmcougar

Sep 10, 5:48pm

Pro athletes often live the "Brewster's Millions" life...

Adrielle

Sep 10, 12:37pm

Brewster's Millions. Fun movie.

Jdoc

Sep 10, 12:44pm

I heard about an NFL player who dropped 300K in one night in Vegas this summer

DataMouth

Sep 10, 12:59pm

Pretty sure Shaq talks about spending $1 million in one night.

volleyjiver

Sep 10, 1:12pm

I heard that he got a strict money manager who gave him cash each day to spend

morningcalmcougar

Sep 10, 5:20pm

If you were footing the bill for a full entourage $300k doesn't even seem that

Gente_Boa

Sep 10, 1:18pm

Wow! How can a bottle be worth thousands of dollars? Is it really that good?

CoolB

Sep 10, 2:12pm

I was even more surprised at the $21K admin fee and $36K service charge. And THEN a line to add gratuity. But needed

mvtoro

Sep 10, 2:13pm

yeah those fees are crazy

Gente_Boa

Sep 10, 3:39pm

I wouldn't know, but I'm told that the same bottle they charge $1500 for is less

Gente_Boa

Sep 10, 3:38pm

That this extravagance is even available and consumed and disgusting to me.

BYUDM93

Sep 10, 4:12pm

It's usually the entourages that follow these players and live off them who spend a vast sum of the athlete's money.

Spiff

Sep 10, 2:18pm

Give 15 people a credit card and let them go? That could add up fast.

mvtoro

Sep 10, 2:40pm

Career earnings of $103.2 million...

canndyman

Sep 10, 3:24pm

If only agents could talk their clients into setting up trusts or annuities so this wouldn't happen

BYU Grounds

Sep 10, 4:10pm

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