From Pro to Broke

Gold diggers, step your game up! You’re running out of time. A new report from Yahoo! Sports suggests 80% of NFL players near bankruptcy 2 years after they retire from the game. 60% of NBA players go broke within 5 years of hanging up their shorts. And you can blame bad decision-making for their money woes.

According to the report, these are some of the biggest financial mistakes of all time:

Scottie Pippen
The former Bulls star lost $120 million in career earnings due to poor financial planning and bad business ideas, including blowing $4.3 million on a Gulfstream II corporate jet.

Evander Holyfield
The boxing champ raked in about $250 million during his career but made the very unwise decision to buy a $20 million house with 109 rooms. Now, he can’t afford heat.

Latrell Sprewell
Spree turned down a $21 million NBA contract because he couldn't feed his family off that *blank stare*, eventually, the government seized his yacht and his house went into foreclosure two years ago.  You mean the rim game wasn't profitable?

Mike Tyson
The ear muncher boxing champ blew his near $400 million fortune on a Bentley, a $2 million tub and some tigers. Tyson went bankrupt in 2003 but he went nuts circa 1990.

And what is the lesson we can learn from this? Don’t chase these dudes in the club, they have no money.

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