Ray Guy had to sell his Super Bowl rings due to bankruptcy, albeit he played during a time of much lower incomes. Scottie Pippin in tears after winning a 2 million dollar award to receive a refund of a deposit he put on a private jet, because he was broke. Latrell Sprewell in financial trouble..And the list goes on...You may be fortunate to earn millions of dollars playing a game you have loved since 8 years old, however, you MUST NEVER but your money into the hands of others to manage and write your checks. In the off season take the time to learn the best way to secure your future financially. Write your own checks, pay your own bills.. Most can be paid online, thus you know exactly where your money is. Don't be quick to invest, but be quick to vet those interest you have. If you want to start a business, that's great, however, investigate those that are successful and those that failed so you can put the right systems in place to win.
To my fellow Raiders fans, I know we all have plenty of input on this subject as many of us work everyday and manage our incomes with far less than the income of a professional athlete. Many of our favorite Raiders have been the victims of unscrupulous financial advisors or just mismanaged their money to the point of bankruptcy. I expect to hear JaMarcus Russells name in the news in the next few years about his failure to manage his money. I know this is not a topic that is focused on the game, however, it is on the players we support.
I want every player to do well during and after the game.. And for my Raiders, I want nothing more than for each player that comes through Oakland to be successful during and after the game of football. Afterall, once a real Raider always a Raider...
The NFL offers advice to players on their finances...Should the Raiders have an advisor to help the players?
Yes (25 votes)
Yes, but without direct investment advice. (42 votes)
No (11 votes)
78 total votes