Clinton Portis is broke

[ghst187]

A lot of these guys come from nothing and have a lot of people who do nothing but take advantage of them when they actually come into some money. It's easy to sit here and say you'd turn down friends and family who probably legitimately need help. That's not saying you SHOULD help them, but it's hard to say no sometimes I'm sure.

I'm glad they're making it more of a focus in rookie symposiums these days to point that stuff out.

Vultures, should be laws against the amount the female vampires can suck out of an athlete. Hardy's girl was no different, exhorter. You'd think the league would do more to help protect its athletes.

 

[jterrell]

Never feel sorry for any athlete that goes broke. 10 million is enough for multiple lifetimes, so no sympathy here

I tend to agree but if you read above he lost 10 mil in bad investments. Those things are less cut and dried. You are advised to invest and a casino seems a smart bet to many I am sure. All these guys need to avoid anything shady and invest with major companies following Warren Buffet or someone.

 

[jterrell]

Seems like I've read quite a few guys going bottoms up on bad investments.

Wonder if they know what they are investing in or are taking a "good friend" advice?

Even for me, who plays with stocks on the side, I'll spend weeks/months trying to research as much as I can before dumping $1XXX into a stock(s).

I spend 5 minutes but you don't need much time to invest in google, amazon, apple... et al. Handing it to someone else to invest though is scarier and I only do that through a 401K which is insanely diversified.

 

[Danny White]

Wonder how much he blew on costumes?

 

[JDSmith]

I read that 70% of NFL players are broke two years after they leave the NFL, We tend to look at the group of players that start in the NFL an last about ten seasons but the reality is, the average career of an NFL player is only 3.5 years. Consider all those players that hang on as backups and then disappear shortly after teams finds someone else in a more recent draft.

All their lives they have been the best of their group in middle school, high school, college.....when they actually receive scholarships to play college ball far too few take advantage of the opportunity and get a degree. Few can comprehend a career that ends abruptly in only a few years. Even ten years will come quickly, no job in the NFL should be called a "career".

Naturally, when they are with family and friends, they are expected to pay for everything. They are expected to help out family and friends. Nobody considers the taxes, agent fees, lifestyle costs, etc. They lack the education and maturity to invest wisely and save for the future.

Of course, the circumstances woulld improve vastly if the NFL only drafted college graduates but then someone would "win" a lawsuit.

Things were never quite as dire as the headline makers made it seem. The claim was that 70% were bankrupt or under financial stress - which according to the original article means they'd have to actually work. So basically it was saying that only 30% are set for life when they leave the NFL. Then a bunch of people took the headline and ran with it, making it seem like these players have their own private queue for bankruptcy filings.

That said, anyone who ever heard Clinton Portis speak could tell he was a complete moron. Did anyone expect another outcome? Forrest Gump was fantasy, Clinton Portis is reality.

 

[DIAF]

Vultures, should be laws against the amount the female vampires can suck out of an athlete. Hardy's girl was no different, exhorter. You'd think the league would do more to help protect its athletes.

I'm assuming this post is a joke with the Hardy bit.

The women in the Clinton Portis story only account for what, 450k or so of his money troubles? The real problem is the 10 million lost to two bad investments - a casino and whatever to that management firm.