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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NO1: investment failure

When an NBA player with a lot of cash, blind investment will be like malaria in these retired players who spread, because for securities, fund and other intangible assets investment management knowledge for them is like gobbledygook, learn up is also very boring, so industry, real estate, financial institutions to become a “hot choice”, however entity of the industry risks than stock, fund and other intangible assets investment management mode. Several years ago, scottie pippen experienced a failed “investment” : he will put money to a financial institution to do, the results the somebody else a “investment failure”, $27 million instant evaporation. Although he later prosecution success, but only HuoPei $2 million, Allen iverson also had the investment real estate failure, lead to nearly $4 million by bank assets frozen cases, in fact besides just purchase the dodgers successful “magic” Johnson (in 1994 he began to establish inter-city chain cinema, investment to operate successfully, and later now his business partners list of starbucks, 24 hour fitness, antai insurance group, such as best buy, and now he investment management the total amount of funds has more than $1 billion) besides, the vast majority of retired athletes in the entity investment, because in recent years in the serious effect of the global financial crisis, are conducted in a great mess.

NO2: wrong believe others

Many NBA player in the trust others finance this link suffered, and these players in the student with a scholarship have and, financial management concept of the accumulation of nearly to zero on, this leads to often they will employ the wrong person when the financial adviser and excessive believe them, because the players please these financing is not because of what a professional, but simply because the relationship between good, good to what degree? Good to all the spending bills in when never look yourself, are made by other people to pay for it. Similar examples in the league has many, many, o ‘neal, wade, the yankees baseball player alex rodriguez-saw do financial power of “responsibility” to his friends, not good at financial ones, more have a future NBA star defender will be all of his assets to the university sports federation (AAU) coach do, ask the staff in such non-professional do next, and these players assets: how can shrink, and wait until they discovered this time, I’m afraid I have at the end of their tether.

NO3: family factors

If just to support a family, the spending won’t too big, can want to meet a divorce? The trouble is enough to make many players pick broken head, according to the American media statistics, professional athletes divorce rate as high as 80%, follow the divorce case, is player assets by half of the half shrink. A few months ago, kobe Bryant and Vanessa announced their divorce, according to the American media leaks, “Peter pan” in this marriage on the case of direct loss more than $one hundred million, and the other examples such as Patrick ewing, and Jason kidd (the Po) have suffered huge losses in the divorce case, not only property is points to half, they will pay for their children and spouses support costs. In addition, many players in marriage is more than within “breed”, have the former NBA star bankruptcy top Sean kemp and at least six women gave birth to seven children, eventually, because cannot pay for support payments by the court and frozen property. Maybe someone will say, sign prenuptial agreements soon line? Below a have a very good example, leading role is the fans are familiar with the dikembe mutombo, 1994, dikembe mutombo and fiancee Michael Roberts ready to get married, but in a day before marriage to Roberts a prenuptial agreement, at this time of dikembe mutombo of nearly 500 relatives and (including from the democratic republic of Congo’s relatives and) are already flying to Washington to attend the wedding. Finally the wedding was off, but still spent mutombo $250000, it serves to show these star or potential spouse shrewd spouse.

NO4: carelessly make friends

Careless about making friends, Allen iverson is a very “outstanding” the representative, because was born in Philadelphia, slums, iverson side always around a lot of a lot of grew up together “good friends”, and with his gradually become famous and income increasing, Allen iverson nearby of friend quantity is also more and more scary, these people close to iverson aim is simple, in a word-money, they will seek help some direct players, some of the players will now work through for the way money collected. Familiar with iverson fans know, if these friends refused to request, that he is not Allen iverson, so a lot of money so evaporate, this just had some time ago, iverson’s bankruptcy rumours. Similarly, this thing happens in RON artest’s body, was at the time the rockets played in summer the artest to travel abroad, and his six “good friend” will he took the opportunity to $30000 a year they rented a house make of a mess, and even “encounter” the burglary, fury artest will then they switched out, can be in the storm in how much money loss artest? Estimates that only he knew.

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