|NFL player are using payday loans while being locked out|
Even for those, like Dez Bryant - who once had to pay a $54,000 bill that the entire Dallas Cowboy's football team racked up at a steak house as part of rookie hazing - who earn millions and ultimately spend millions more then they make.
Sports Illustrated did a study two years ago that showed:
In a less public way, other athletes from the nation's three biggest and most profitable leagues—the NBA, NFL and Major League Baseball—are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players' associations, agents and financial advisers) indicate that:
• By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.
• Within five years of retirement, an estimated 60% of former NBA players are broke.