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Personal finances of professional American athletes
The personal finances of professional American athletes is a subject of widespread discussion due to the often high salaries of such athletes and the high rates of personal bankruptcy and other financial distress.
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. 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 〔http://www.pearlswindow.com/2008/02/do-60-of-nba-players-go-broke-5-years.html〕 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.
==History==
the average salary for the about 500 players in Major League Baseball was slightly more than $2,000 a season ($ today). The star hitter Ty Cobb received $9,000 a season ($ today), and sold automobiles in the off season. While Cobb encouraged young men to play professionally, top pitcher Christy Mathewson—who had made more money as a player than Cobb—warned, "Keep out of baseball unless you are sure of being a star!" He stated that the average player did not make enough over a ten-year career to justify devoting those years to the sport.
By 1941, Hank Greenberg was the highest-paid player in baseball, earning $55,000 a season ($ today). Stan Musial's $80,000 a season ($ today) was the highest in 1952, while young star Mickey Mantle earned $10,000 a season ($ today). Musial, like Cobb, supplemented his income; he owned a restaurant called "Musial's Steak Shack."
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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