According to a 2009 Sports Illustrated article, 78% of National Football League (NFL) players are either bankrupt or commit suicide within two years of retirement and an estimated 60% of National Basketball Association players go bankrupt within five years after leaving their sport.[1] Originally the statement “60% of NBA players go bankrupt within five years after leaving their sport” was released by a representative of the NBA Players’ Association in 2008 [2][3] A Fortune magazine article states, however, that a working paper from the National Bureau of Economic Research found that the percentage of NFL players who go bankrupt after two years is a much smaller 1.9%, climbing to 15.7% after 12 years.[4]
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