Always find it absolutely amazing that guys can make over 50 million dollars pre-tax and be closer to bankruptcy than owning a sports franchise.
Most people who win the lotto go broke within 5 years.
Whatever issues, poor money management skills one has, just gets magnified 50 fold when you get rich.
It starts at the money management, then trickles to a lifestyle and image that is impossible to maintain if you're not constantly making the same amount. This means a contingency plan in place for when you finish your career.
Shaq made a good point. Early in his career, his first massive cheques were squandered on luxury cars for his parents and luxury goods for himself.
He quickly realized how fast money can evaporate when you don't invest or are not careful with it.
He hired someone to look after it, but not only this studied business and made a lot of money on the side from it.
Abuses of all kinds is rampant in professional sports.
You can surround someone with all the help and resources known to man.
They however, need to not only know they need help, but be motivated to go and get it.