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.