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Rich professional athletes squandering their millions has become a sad clich?.

The 10 ways sports pros blow their cash

Sports Illustrated article this year showed how shockingly common financial ruin is:

  • By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.
  • Within five years of retirement, an estimated 60% of former NBA players are broke.
  • Numerous retired MLB players have been similarly ruined.

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