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401K’s for Football Players: Why More Needs To Be Done
Published: June 29, 2009
Welcome to the darker side of NFL retirement. Health problems, arrests, drug problems, bankruptcy, and gambling.
Someone like Dan Marino has his retirement set, broadcasting gigs, endorsements, commercials—he's good for life. But let's take a look at the average offensive linemen's retirement. Average, I'm not talking about John Ogden or Matt Birk, but some no-name second stringer.
He gets paid the average for O-linemen, $850,000 a year. Pretty good right? Let's say he plays 10 years. That's $8,500,000 over his career. Hot damn! Normally, he wouldn't have that much at the end of his career because he gets paid yearly, and there is no way he can spend $0 each year, but this is hypothetical.
Now there are factors in this equation that the retiree can control, and others...
Read Complete Article at Bleacher Report - NFL
Article Source: BleacherReport.com
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