NFL players warn rookies: Stop spending!

Many players see their career in the NFL end before they expect. If you were not prepared to make the change in your lifestyle you could be a former player facing financial hardship. Reach out to the PAF to see if there are any programs that can help you get back on your feet.

May. 10, 2014 CNN

Who wouldn’t want to be Jadeveon Clowney?

The NFL’s top draft pick just landed around a $22 million contract with the Houston Texans and bragging rights for life. His face is everywhere, and his name is a trending Twitter hastag.

But while Clowney — and hundreds of other NFL rookies — know a lot about football, they know little about managing money. Many are likely to end up bankrupt.

Just two years after their athletic careers end, 78% of former NFL players are bankrupt or nearly there, according to an analysis by Sports Illustrated.