Gregory Shamus, Getty Images
Life as an NFL player can be interesting. For example, you get a reverse trajectory with your money a lump sum of what could very well be your retirement savings, kids college funds, and mortgages all in one.
Without careful management, former NFL players can end up in financial ruin and full of regrets. In the three years or less that the average pro NFL career lasts, players can expect to make about $2 million a year. As co-founder of Athlete Essentials a wealth management firm with financial planning and brand consultant services catering to professional athletes it’s been my experience that NFL draftees are usually not equipped to handle that kind of money or manage it well enough to last the rest of their lives.
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