NFL Players already taking out high risk loans to survive lockout

[Ricky Spanish]

I would have blown all my money on a car and video games.

and then food. tons and tons of food. the best food money can buy...

[SCP]

...like tater tots. the big 32oz bag.

[Nicbsbll2]

I know Mario Williams (go to school together) and if all of these player spend money like he does, then there's only going to be a handful of players NOT living on the streets by December if there is no season.

[jtnc]

LOL I'm pretty sure Cromartie is one of those players, child support is a killer for him.

[thefuzz]

I know Mario Williams (go to school together) and if all of these player spend money like he does, then there's only going to be a handful of players NOT living on the streets by December if there is no season.

Why is Mario in school?

He also has one of the highest contracts in the NFL with a poo ton already in his pocket.

[Panthro]

I would have spent my time shooting strippers with roman candles that I aimed out of Cristal bottles if I had that kind of money in my early 20's.

[Nicbsbll2]

Why is Mario in school?

He also has one of the highest contracts in the NFL with a poo ton already in his pocket.

He didn't graduate before he went pro, and now that he has a ton of free time on his hands he is back in school finishing up his degree.

And I know he has a really big contract, was just saying that if every player tried to spend like him then I can see how these guys are already in trouble.

[Mother Grabber]

I like punany.

[Swarly]

More money = more debt to most of these guys. Hell, give me that much cash when I was in my early 20s and I would be in the same boat.

I don't know about that. Considering I entered my 20's a year ago, in the midst of the economic crisis, I'm much more aware of how important saving money is. Plus, I've seen my family struggle financially, so I've learned from their mistakes.

I agree that most people would be in the same boat, but there are exceptions.

[Razzy]

It's a shame people that make that kind of money tend to manage it so poorly. Even the practice squad guys should be making plenty to set some aside, especially since they've known for 2+ years that this lockout was coming.

I remember reading somewhere that the bankruptcy rate for ex NFL players is somewhere around 78%, and for NBA it's even higher.

I don't mean to be racist, but...

[Kakarot]

Hopefully, this lockout situation gets settled soon. It's sad to hear about any of these guys struggling.

[jtnc]

Hopefully, this lockout situation gets settled soon. It's sad to hear about any of these guys struggling.

Are you serious? I feel bad for the fans not the players, if these players learned how to manage their money right they wouldn't be in this predicament.

[Stumpy]

Hopefully, this lockout situation gets settled soon. It's sad to hear about any of these guys struggling.

No it's not. All of these guys had a minimum of 3 free years of college at major universities. It's their own dumbass fault if they couldn't find some time to work in a personal finance class somewhere along the way.

[Kakarot]

Are you serious? I feel bad for the fans not the players, if these players learned how to manage their money right they wouldn't be in this predicament.

Yes, I'm serious. Why wouldn't I be?

Not all of them, but a good portion of these players come from poverty/low income households, so when they get their hands on some big money, they dont know how to manage that.

As a fan, I'd be upset if this lockout causes me to miss out on some football, but I'll still feel sorry for the players who will struggle. I dont like to see anybody struggle, I dont care who they are.