The most famous flops among athletes

10 Insanely Rich Pro Athletes Humbled by Financial Ruin

It’s shocking how quickly sports stars can make–and lose–a fortune. When Vin Baker was a 20-year-old center on the unheralded University of Hartford basketball team, Sports Illustrated called him “America’s Best Kept Secret.” Recently, it was widely reported that the former pro basketball star, who earned $100 million during 13 NBA seasons, is broke and currently in training for a managerial position at a Starbucks franchise in Rhode Island. At first glance, Baker’s financial hardship seems incomprehensible: He managed to deplete that massive fortune only 10 years into his retirement from basketball. In fact, Baker’s situation is disturbingly common. According to a 2009 Sports Illustrated article, 78% of former NFL players face bankruptcy or financial stress within two years of retirement. ….[READ]

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