There was a huge article in Sports Illustrated about professional athletes and all the ways they lose money. Usually they go from having little money to being multi-millionaires and like that they suddenly have friends and family coming out of the woodwork hitting them up for money. They all want to be the next Magic Johnson (successful business venture outside of sports) and get easily scammed (would you like to invest in a raft that goes under your furniture and inflates in case of a flood?). Often times they let unqualified family members handle the money. They live a lavish lifestyle while the paycheck's coming in and are completely unprepared for life after sports. And divorce is probably the biggest one.
