One in Six NFL Players Files Bankruptcy after Retirement

TWL_2015_apr_blog11With a minimum salary of $435,000 per year for a rookie NFL player, it seems hard to believe that one in every six NFL players eventually files himself bankrupt. But that is the finding of a new study published by researchers at Cal Tech, George Washington University and the University of Washington. This week, CNN Money reported the highlights of the study revealing that 16 percent of NFL players drafted between 1996 and 2003 filed for bankruptcy less than 12 years after retirement from the game. One of several reasons cited for the dramatic change in player fortune is that, more than any other sport, NFL players suffer injuries that prevent them from exploring other lucrative career opportunities.

To learn the other reasons, read the entire article here.

Image Source: Josh Hallett