10. 60% Of Ex-Players Go Bankrupt Within Five Years Of Retirement
For various reasons, over half of the NBA's ex-players are flat broke after only a half decade out of the league. This is said to be due to a number of reasons, including a general lack of experience in terms of managing finances and contracts. Prospects have been encouraged to study finance at college in order to combat this problem. Other reasons include some players' inability to cut down on lavish-spending once retiring - despite being unable to rely on the big-money contracts they once had - and the fact that professional athletes attract a lot of hangers-on masquerading as friends, who act as leeches when it comes to social activities.
