by Leigh Steinberg
February 9, 2015
Sports Illustrated recently estimated that 80% of retired NFL players go broke in their first three years out of the League. How is this possible in a sport rolling in revenue with an average salary of almost $2 million a year? With few exceptions, the star players I have represented since salaries exploded are set financially for life. These are the players at the tip of the compensation pyramid, but what about the rest? The median income in the NFL is roughly $750,000 and the average career span is less than four years. Most college graduates don�t attain these levels of revenue in their first years out of college�why are the athletes struggling?Read more...
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