15 Ways to Lose Millions - If you are a Professional Athlete (Bama Represented!)

CajunCrimson · Mar 12, 2013

http://finance.yahoo.com/news/15-ways-professional-athletes-go-broke-220114850.html?page=all

The man credited with leading both the New York Knicks and the Minnesota Timberwolves to the playoffs couldn't calm his temper. He assaulted P.J. Carlesimo, coach of the Golden State Warriors, twice during practice and was accused, but not charged, of strangling a woman on his yacht. In 2007, he was sued by his long-term companion for ending their relationship agreement, which called for him to support her and their children. Two of his homes also went into foreclosure in subsequent years, bringing his losses to between $50 and $100 million.

my personal favorite....

The man who bit off Evander Holyfield's ear took on more than could chew, both in body parts and in life. He was once known as the heavyweight champion of the world, but in 1992 he was convicted of sexual assault and served three years in prison. He attempted a comeback but was disqualified during the high-profile match in which he bit off Holyfield's ear.

The boxer earned between $300 and $400 million during his career but spent nearly all of it on pet tigers, mansions, and an expensive divorce.

selmaborntidefan · Mar 12, 2013

Or you can be a televangelist and get caught fooling around in the wrong pew.

GreatMarch · Mar 12, 2013

The ESPN 30 for 30 doc "Broke" is, IMHO, the best of the 30 for 30 series and should be required viewing for any professional athlete or any person period.

dblack · Mar 12, 2013

It blows my mind that people can lose that much money or be that irresponsible.

twofbyc · Mar 12, 2013

Lottery winners do it all the time.

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15 Ways to Lose Millions - If you are a Professional Athlete (Bama Represented!)

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