I don't know if this is a problem, and it's a problem, that can be fixed. You can't make these kids smarter. You can't tell them to not trust their families. The kids smart enough to get outside help in terms of financial advice are still open game to a few of these money sharks that are just looking to loot the fat contracts these kids sign. Haha... I really don't know what to say here except, son... they gave you a free college education, perhaps you should have paid attention in class?!
That's true Corey. It's hard to believe how a person can run though that much money in a few years. I hope he has something he can fall back on to earn money.
Didn't he have an incredibly low Wonderlick score? He was a perfect victim for those that take advantage of the weak. His uncle and his partner are real snakes.
I was reading a similar account of Evander Holyfield this week. He was jailed because he is $560K+ behind in child support payments. He earned over $240 million in his career.
I read just today that the great Oscar Robertson has 7-figure financial problems with a company he owns in Ohio and 6-figure problems with a failed project in Indiana.
:idea: Within two years of retirement, nearly 80% of all NFL players are bankrupt. http://sportsillustrated.cnn.com/vault/article/magazine/MAG1153364