Investment failure, divorce, pay support payments, etc, the players hand cash and a huge loss of the most simple and clear way-consumption. When a player earns more than millions, even when the $, money in their view is meaningless Numbers, player in the NBA spend money like water namely advocate that is the true many, one of the most amazing also counts “big shark” shaquille o ‘neal. According to the sharks in 2008 in January 2008 a not divorce display, o ‘neal spend as much as $875000 a month. Including: children alimony, gas, clothing fee and so on and so on, in addition, he also will occasionally anonymous aid charities, for strangers to pay medical expenses. O ‘neal capital is abundant, so do have not led to his bankruptcy, but others, such as former NBA defender Kenny-Anderson was a bit cannot afford, players age, Anderson’s annual salary to make $60 million revenue, he spent the money go? A: the this person bought eight a current car, each month for the car to pay more than $40000 in maintenance cost, in addition he will pay for their children alimony, mother of mortgage, a person of extraordinary powers curtilage the maintenance costs, because happy to relatives and friends “aid”, so many expenses directly lead to Anderson in October 2005 file for bankruptcy, become complete poor man. Such examples in the league is also common occurance, including now shaq’s partner barkley “jazz” also had to splurge at a casino, lost moments of the $smart. Spend money like water has become NBA players need to face up to the big problem, even if earn more, as long as the feeling of spending money to find, the money also is never enough.
Spend tens of millions of even hundreds of millions of dollars, this regarding the thefts of extravagant life American professional players not the problem, they have too many ways to spend money like water general out, but the money to keep up, or become more money, it’s a bit let NBA players rack. In fact in seen countless predecessors after the tragic story, now still in the league for the players have crisis consciousness, they have their own ideas in strengthening financial management, career income into a long-term planning, at the same time they also in through the “retired players association” to help those who has been unable to earn money, it has been unable to earn before the NBA players.
NO1: game clearance enrich itself, finish school and learn to finance
Are a lot of retired NBA player will be facing bankruptcy crisis, in addition to luxury life outside to still have a very important reason, relative to their of the world’s top basketball skills, and these players and not in university learned in feet, or a lot of players don not read university. So in the end his career after, they face is a confused, don’t know how to continue to own life path, even if has a golden hill YinShan, also hard to avoid the embarrassment of ZuoChiShanKong position. On this point, a few years ago a player experience for many NBA player it is a very good tip. In the summer of 2009, in most of the players will waste time on holiday, frequently appeared in the media tabloid headlines at the same time, thunder team take charge of point guard Russell-Daniel alves brooke but bag back, back in the university campus. According to NBA official statistics, that summer there are totally 45 players use holiday return to his Alma mater short-term learning, accounted for 1/10 of all NBA players, such scale would certainly make senior alliance was satisfied.
As I mentioned above, because education degree of loss, retired players is very vulnerable to personal investment and financial setback, this kind of players are mostly from the bottom, even if the university is also ZouGuoChang anxious to make money in professional league subsidies household (this is also NBA draft the cause of increasing age), so not only is the NBA, including MLB, NFL, a number of professional union were made a similar, let the current and former players to go back to school plan, in all the U.S. professional league, the NFL players have degrees of the scale is highest, the league not premature absorption college players tradition, and they have been committed to the “two talents of training, even the harvard and Stanford this school will give an opportunity to create stars, as long as it is back to the classroom, the league also give $15000 in education allowance, convenient and let the players in retirement with a positive attitude and good quality of life after facing their career. Yes, the book has the gold room, even if in the professional league next several money even earn millions of dollars to also need to have good financial management concept and investment skills, and only then, retired players the embarrassment of bankruptcy case will gradually reduced, and even in a few years, several decades disappeared completely.
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