How did NBA players lose billions of dollars?

Almost 60% or more of the retired players in NBA will face the risk of bankruptcy. You know, as far as salary is concerned, the NBA league is definitely the first in the national sports league. Players who play for it, let alone superstars, even a role player who has played for more than ten seasons, can earn an annual salary of 10 million after retirement. Even after deducting nearly half of taxes and other expenses, it is enough for ordinary American families not to struggle for food and drink for more than ten years or even decades.

But it is such a high-income group. Some people even need to sell their property for food after retirement, and sometimes even the cash on them is not enough to buy a hamburger. How do these NBA players spend their tens or even hundreds of millions of dollars? There are many reasons, but to sum up, it is the following.

The first is the failure of investment. It is estimated that as long as you are not a fool, you will know the truth of Qian Shengqian. However, few NBA players can really do this. In addition, the results of these NBA players in student life are very average, and the university is just a pedal before entering the NBA. Naturally, it is difficult to learn anything useful. Therefore, these NBA players rely more on some relatives and friends or financial brokers in financial management, but unfortunately, these people either don't know how to manage money. In the eyes of those notorious swindlers, athletes' money is the easiest to cheat? These financial brokers either declared investment failure for various reasons, and took away many players' property, or made various blind investments with players, among which Pippen and Coleman are good examples.

There is also unrestrained consumption, which is a common phenomenon in NBA, because most NBA players come from poor families. After getting rich overnight, these players often get lost in the temptation of money and start their unrestrained consumption journey, buying luxury houses, luxury cars, even planes and yachts, going to supermarkets and nightclubs, which may cost tens of thousands or even hundreds of thousands of dollars. In the player era, the money was Niu Yi's gross relative to their annual salary, but after they retired and lost their previous annual salary of millions or tens of millions, they were used to this way of life, and the final result could only be an empty purse. After all, China has had it since ancient times? It is easy to go from simplicity to luxury, but it is difficult to go from luxury to simplicity? .

Moreover, they can't resist the temptation of the outside world. With the rapid economic development in China in recent years, many relocated households have been born. After these relocated households get a lot of money, many people will be tempted and even addicted to gambling and drugs. So is the NBA. These three items are the demons that many players cannot escape. How many women want to be famous and rich, and try to be the women around them? How many players have been ruined by gambling and drugs? When Sean Kemp was 40 years old, he performed everywhere to pay for the living expenses of six women and seven children. Buckley lost tens of millions of dollars in his career, not to mention those players who were deeply involved in drugs.

No one asks if you are poor in the city, but if you have money, you have distant relatives in the mountains. . This old saying of China is equally applicable anywhere in the world. Look at Iverson in the golden age. 3000? It is no exaggeration to use it to describe it. According to statistics, just follow Iverson all the year round? Brother? Not counting those who want to pay and leave, there are about 50 people. Iverson provided them with jobs, houses and cars. There are many NBA examples like Iverson. Artest hired six of his friends to work for his record company and paid them $30,000 a year, but these people basically only took money and did nothing. Anthony Walker also said in an interview that he spent at least 2000 pounds on those friends.

In addition to these, divorce is also a major reason why these NBA players are in financial crisis. Promotion, salary increase and wife change? This is a rule that most men can't escape. In the NBA, the divorce rate of players is as high as 80%, and every divorce means that the ex-wife of the player has to share a lot of property. The most famous one belongs to the divorce between Jordan and his wife. As Jordan's ex-wife, Juanita shared Jordan's property of 65.438+0.5 billion in this divorce, while other players lost tens of millions of dollars without Jordan's property. This is the main reason for the bankruptcy of NBA players.