Thursday, March 30, 2017

Broke. ESPN films profiles players who have made bad financial decisions

Broke is a quick hit piece about financial mistakes that professional athletes make when investing. Not very enlightening but kind of fun in a jealous, crabs-in-a-barrel kind of way. A little painful.

On You tube

Webpage from ESPN

Direct quote from the film web site...

"Film Summary

According to a 2009 Sports Illustrated article, 60 percent of former NBA players are broke within five years of retirement. By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress.

Sucked into bad investments, stalked by freeloaders, saddled with medical problems, and naturally prone to showing off, many pro athletes get shocked by harsh economic realities after years of living the high life.

Drawing surprisingly vulnerable confessions from retired stars like Keith McCants, Bernie Kosar and Andre Rison, as well as Marvin Miller, the former executive director of the MLB Players Association, this fascinating documentary digs into the psychology of men whose competitive nature can carry them to victory on the field and ruin off it."

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