Quote:
Originally Posted by mineistaken
I follow basketball so I know that 15 applies to majority. 12 years to absolute majority. However you should keep in mind that athletes who drop out of NBA can earn big money in Europe and now even in China.
Even in NBA it is 10 years for majority. I mean you can be starter for 5-7 years and then bench player for few more.
Again it does not matter, my point is that even if you have zero management skills you naturally improve in that department after few years. It is not one time money influx like in lotteries etc.
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You're way off, the average career of an NBA player is 4.5 years. You're so focused on following the stars and their long careers that you don't realize that the majority are role players and are out of the league in 5 years. The problem is that many of the those players spent money as if they were going to play for 10-15 years. Playing overseas pays less than 1/30 of NBA salaries. The NFL and NBA both provide rookies with financial management seminars and financial mentoring, but ultimately its their decision with what to do with their check.
Watch this ESPN 30 for 30 about this very subject.
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