If I have heard it once,I have heard it 100,000 times.An athlete either in pro sports being highly paid for many years or a boxer who has made $$$$$$$$$$$$$ in their career is seeing their skills evaporate and a sports reporter type will ask them what line of work they will do when they retire from sports.Team owners tell players that when they sign their last big 20 million dollar contract that in the end,they will provide them with a front office job organizing team-community charity events and public relations.If I were a player and heard an owner show concern that he thought I would need a job after retirement that pays a fraction of his old yearly salary I would be humiliated thinking that the owner must think I'm some idiot that squanders money by the truck load.The players mom's are interviewed and show concern that their son will be unemployed and need to find a new line of work when they retire.These are the same moms that get all upset that their basketball playing kid who can't talk and is going for a communications degree is leaving college early to get a 40 million dollar NBA contract.They all cry,my baby needs to get his degree!
What the sam hell goes through peoples minds when they think that retired athletes that are 35 years old have an entire life ahead of them where they better either work or invest money in businesses.Most athletes have average intelligence at best when it comes to finances because they focused on athletics all their lives and then there are opportunists out to lure them into ventures where they shouldn't tred. If a person that made from 20-150 million in their lifetime just collects interest on secure bonds and such and stays out of complicated IRS problems and spends even close to wisely you should have enough money where your great,great,great,great,great grandchildren don't have to work.
I say fine,if you retire and want to stay in the game you love which you know allot about go and get paid to be a color commentator or coach or something dealing with what you are good at and treat it as a hobbie that brings you in more $$$$$$.
never ever set yourself up where you have to do something in life that you don't know anything about,aren't good at,don't like or have to risk your own money.
It's also very insulting to a fan who toils away in the private sector making 35K a year who has to pay an entertainment tax to build the arena or stadium the player played at where he has to hear that there is concern that this athlete won't have enough to live on in retirement.
What the sam hell goes through peoples minds when they think that retired athletes that are 35 years old have an entire life ahead of them where they better either work or invest money in businesses.Most athletes have average intelligence at best when it comes to finances because they focused on athletics all their lives and then there are opportunists out to lure them into ventures where they shouldn't tred. If a person that made from 20-150 million in their lifetime just collects interest on secure bonds and such and stays out of complicated IRS problems and spends even close to wisely you should have enough money where your great,great,great,great,great grandchildren don't have to work.
I say fine,if you retire and want to stay in the game you love which you know allot about go and get paid to be a color commentator or coach or something dealing with what you are good at and treat it as a hobbie that brings you in more $$$$$$.
never ever set yourself up where you have to do something in life that you don't know anything about,aren't good at,don't like or have to risk your own money.
It's also very insulting to a fan who toils away in the private sector making 35K a year who has to pay an entertainment tax to build the arena or stadium the player played at where he has to hear that there is concern that this athlete won't have enough to live on in retirement.
