Atlanta Journal-Constitution · Feb 29, 2016
7 financial pitfalls for professional athletes
Former Cincinnati wide receiver Chris Moore, who is projected as a seventh-round draft pick in April, says the sessions for players on managing finances were helpful in working out a plan to make smart financial choices. DARRON CUMMINGS / ASSOCIATED PRESSINDIANAPOLIS — With the recent news about former NFL running back Clinton Portis declaring bankruptcy and the news about Marshawn Lynch saving move of his money, financial literacy and wealth management have been hot topic this offseason.
Portis made nearly $43 million over his nine year career, but recently revealed that he’s nearly $5 million in debt. Lynch, who’s retired, has saved nearly $50 million from his base salary over 10 years.
