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this post was submitted on 11 Feb 2024
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Unpopular Opinion
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Except it's not the bankrupt lottery. You don't just get money and then have an 80 percent chance to lose it. How you choose to manage the money is what really affects whether you go bankrupt, or not.
All that the 80 percent figure shows is that NFL players have a poor education on money management, just like the vast majority of young Americans. NFL players are usually just beginning adulthood. We all know that if you give most young adults a large sum of cash that they will probably mismanage it and spend it on frivolous things.
If the NFL and teams actually cared about the players and the 80 percent bankruptcy, they could fix it by educating them on money management.
https://byjus.com/free-ias-prep/difference-between-de-facto-and-de-jure/
But yeah. Along with take care of their healthcare.