“You got champagne taste, but you only got beer money,” says Herman Edwards. “That’s not good!”
Tonight’s latest 30 For 30 special via ESPN Films is titled “Broke” and will spotlight the financial struggles of professional athletes. Considering the amount of schadenfreude that goes down when athletes that have it allsquander their fortunes on dumb sh-t, this episode is already a rating winner.
According to a 2009 Sports Illustrated article, 60 percent of NBA players are broke within five years of retirement. For 78 percent of NFL players, it takes only three years. Sucked into bad investments, stalked by freeloaders, saddled with medical problems, and naturally prone to showing off, many pro athletes get shocked by harsh economic realities after years of living the high life. Drawing surprisingly vulnerable confessions from retired stars like Keith McCants, Bernie Kosar and Andre Rison, as well as Marvin Miller, the former executive director of the MLB Players Association, this fascinating documentary digs into the psychology of men whose competitive nature can carry them to victory on the field and ruin off it.