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Thursday, January 31, 2008
Hard Financial Realities


Dave Feschuk of the Toronto Star:

... a representative of the NBA Players' Association addressed the Raptors recently on matters of financial prudence. A statistic was cited during the meeting that startled some of the hoopsters. It was said that 60 per cent of retired NBA players go broke five years after their NBA paycheques stop arriving.

Doesn't matter how much you make. If you spend more than you make, the clock is ticking until you are broke.