News & Publications
The Athlete and The Financial Markets
How (and Why) Athletes Go Broke
Sports Illustrated, 03.23.2009
Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant for losing most or all of their money. It doesn't matter how much they make. And the ways they blow it are strikingly similar
MARCH 23, 2009
What the hell happened here? Seven floors above the iced-over Dallas North Tollway, Raghib (Rocket) Ismail is revisiting the question. It's December, and Ismail is sitting in the boardroom of Chapwood Investments, a wealth management firm, his white Notre Dame snow hat pulled down to his furrowed brow.
5 Reasons Why 80% Of Retired NFL Players Go Broke
Sports Illustrated recently estimated that 80% of retired NFL players go broke in their first three years out of the League. How is this possible in a sport rolling in revenue with an average salary of almost $2 million a year? With few exceptions, the star players I have represented since salaries exploded are set financially for life.
Broke - ESPN Films: 30 for 30
Film Summary: According to a 2009 Sports Illustrated article, 60 percent of former NBA players are broke within five years of retirement. By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress.
There's a Difference Between Broke and Bankrupt for Ex-NFL Players
Seven years ago, I started reporting a piece for Sports Illustrated on the financial health of NFL players — a whole lot of them went broke soon after leaving the league. Ever since then, I’ve been seeking reliable statistics to help define the scope of a complicated problem. Just how many athletes emerge financially imperiled once their pro salaries dry up?
Marshawn Lynch hasn't spent a penny....
Business Insider 02.07.2016
Reportedly Marshawn Lynch hasn't spent a penny of his $49.7 million but lived off of endorsements....