60% of NBA Players Broke After 5 Years...

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60% of NBA Players Broke After 5 Years...
kellex kellex posted 1/31/2008 from www.lebasketbawl.com [flag]
The NBA Players’ Association met with the Toronto Raptors recently to discuss financial prudence among players and during that meeting cited a statistic that scared the heck out of most of the team. It was said that 60% of NBA players go broke after only 5 years of retirement! Are you kidding me?!? That statistic however is said to be an educated estimate and some players actually have a hard time [link]

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NBA Web Roundup - Video Games, Rudy Gay and Artest is Still Crazy
Published 2/1/2008 by Str8Hoops at Str8Hoops NBA Blog
... Rudy Gay wants you to choose his dunk Links from around the NBA… I’m not even going to try to explain this Charles Barkley Video Game Speaking of video games… here is a history of basketball video games All Star Reserves are named… and I’m not pleased I can’t believe 60% of NBA players are broke 5 years after retirement Don’t believe veteran teams win in the NBA? Here’s proof ...

Get in on the Action
Published 2/1/2008 by Fadango at SportSayers.com
... Did you know that 60% of NBA players go broke roughly 5 years after they retire? Well now I do. Apparently the NBA conducted a research that came up with these monstrous results. ...

No Your Links: Post All-Star Selection Edition
Published 2/1/2008 by JakeTheSnake <info@bulletsforever.com> at Bullets Forever: Front Page Posts
... So there's your encouraging news for the day, hopefully the All-Star selections are just what the doctor ordered for Caron.  If not, just remember that the Jazz have struggled guarding players with the flu in the past. Crustache wants Caron Butler to swap numbers with Antawn Jamsion, a move I'm fully behind. Apparently 60% of NBA players go broke within 5 years of their retirement.  Is this the same 60% that Charles Oakley said smokes marijuana?  It makes you wonder...   You might want to wait on making those "If ...

Bullets Friday: All Stars and injuries
Published 2/1/2008 by Spence at DC Pro Sports Report -- Sports news, stats and analysis from the capital of the free world
... ] that 50% of NBA players go broke within 5 years of leaving the game. Is that really possible? Jeebus, what in the world are these guys spending their money on? I doubt Antawn Jamison will be part of that 50 percent? He seems like a smart, stable guy and after earning $16.3 million this year, he’s heading for another big payday heading into free agency. Think that All Star selection will help his negotiating position? ...

Tough Times for Latrell Sprewell
Published 2/12/2008 by Anthony Hall at MVN Outsider
... While it seems unbelievable that someone could play 13 seasons in the NBA and be broke at the age of 37, this is a fairly common occurrence. The NBA Players Association recently reported that 60% of all NBA players go broke after only five years of retirement. ...

LATRELL SPREWELL WILL NOW PLAY FOR A BOWL OF SOUP
Published 2/12/2008 by BP at I *Heart* Celtics
... I believe the most scandalous story not being commented on nearly enough is the "60 Percent of NBA Players are Broke After 5 Years" story. This is the league that won't let seniors in high school join the draft because the league supposedly has their best interest in mind. This is the league that requires players to dress as if they are attending board meetings on the sidelines. What a load of crap. ...

Article on Broke Basketball Players
Published 2/15/2008 by HM at Hoops and Other Pop Culture
Thanks to the blog I Heart Celtics for its link to this article: http://lebasketbawl.blogspot.com/2008/01/60-of-nba-players-broke-after-5-years.html ...

The Season In Review: The Aussie and the Flintstone
Published 4/22/2008 by Brett Boyer at The Bratwurst - Milwaukee Bucks Blog
... . Never mind that Bogut’s comments weren’t so far off – the NBA Players Association says that 60% of former players go broke within 5 years – but since his actual experience with other NBA players’ lifestyles is pretty much limited to the 25 or so guys who have been his teammates, his comments about the hip-hop lifestyle sounds like a pretty pointed dig at a few members of his own locker room. ...

DeShawn Stevenson Will Go Broke
Published 4/25/2008 by redsarmy at RedsArmy.com: The Voice Of Celtics Fans
... There was a recent report that 60% of NBA players go broke after they retire.  Since then, the NBA Player’s Union has backtracked and said that number is way overblown… but still… that number is close to double digits.  ...

Madgesdiq
Published 5/25/2008 by Ben. at Blazer's Edge: Front Page Posts
... Of course, the difficulties that many former basketball players have once their careers run their course have been well-documented.  ...

1999-2000 Lakers Championship Ring For Sale
Published 6/3/2008 at FanIQ Blog
... You may have heard about that article that was written a little while back that 60% of NBA players are broke after 5 years of retirement. Latrell Sprewell ...

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