eu-jin’s posterous

I knew that pro athletes were notoriously bad at managing their finances but I didn't know it was this bad.

"Sixty percent of the NBA's often extremely well-paid players are virtually penniless within five years of retiring, according to a recent Sports Illustrated report. The numbers are just as bad, if not worse, for the NFL, the magazine says, with 78% bankrupt two years into retirement."

http://www.businessweek.com/bschools/content/jun2009/bs20090626_130035.htm