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15 Ways Professional Athletes Go Broke
By Tony Manfred | Business Insider – Mon, Mar 11, 2013 9:58 AM EDT
Two very different ex-NBA players ran into financial issues in two very different ways recently.
Robert Swift — who earned $11 million in three seasons — had his house foreclosed on after prematurely flaming out of the NBA and apparently not doing much else.
Allen Iverson — who earned $154 million in salary — found out the hard way what happens when you keep living the good life after the paychecks stop rolling in.
By looking at these other examples, you get a full picture of exactly how athletes manage to burn through millions of dollars.
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