Professional Athletes, Sports Cars, Mansions, And Money

Young athlete’s main goal to attain is to become a professional athlete. Many want to become a professional athlete due to the money, others for the love of the particular sport that they are interested in. There is a downside in becoming a professional athlete, that many young players are not aware of. This downside is that professional athletes’ go broke faster than they are drafted into the leagues. Many professional athletes such as NBA and NFL players go broke due to career duration, overspending, family issues, and lack of financial knowledge.

After watching ESPN’s 30 for 30, Broke, my mind starting pondering this question of why and how so many professional athletes are blowing through the millions they make while playing their specific sport? It is amazing that someone can spend that much money so quickly. What are they buying and who are they buying things for? Where are they spending it? Where do they go wrong? When did this trend start and will it continue in the future? What are the league officials doing in order to prevent this tragedy from happening? These are some of the questions I will try to answer throughout this paper.

Furthermore, there are also bad sides to being a pro athlete, so the money is not an easy make. Having all that money, it may be thought that a pro athlete 's life is easy to live with all that money in their pockets. They might say that money can get them out of almost any problem. Even though some athletes get paid large amounts of money, there are a lot of down sides to being a well-known and paid pro. For one, the publicity might be overwhelming, not to mention all the criticism an athlete receives for a poor performance. How would it feel to walk around town having cameras flashing everywhere you go, waiting to catch you at the wrong moments for a photo just to be uploaded for the world to see? Pros have no privacy. Having no privacy means one cannot enjoy life outside of the sport. Having to worry about every move doesn 't seem fair because they also want a life outside of their desired profession. Before criticizing pro athletes and saying they get paid way too much, one should also realize that their lives aren 't so easy. Yes, they have money, but money doesn 't make life easier for these athletes.

These players are simply too immature to understand to concept of properly investing their money and financial planning. They honestly believe that the money will continue to poor into their bank account. They do not realize that once their playing days are over their income becomes zero. It comes back to a problem that many young people have where they are just thinking about the here and now and not what is going to happen five to ten years from now. This is a problem for many young people and their spending habits why should a professional athlete be any different.

Professional athletes are highly talented and determined entertainers with extraordinary physical abilities. They compete in various sports to entertain people and make a living. Those include basketball, football, baseball, hockey, tennis, and the list goes on to any athlete that gets paid to play. These athletes train really hard and for long hours to be the best at what they do. Fans pay to watch them perform because they really enjoy seeing them. Like other entertainers, such as actors and singers, athletes are paid large amounts for their performances. Professional athletes are not overpaid for the amount of physical and mental stress they go through to do their job.

When they were in college they never had time to get a job, because they were spending their time doing either school work or practicing/playing the . Also if the athlete is good enough to make it into professionals they will have to manage more money. Tiffany Patterson stated, “One aspect I find lacking in this topic discussion is the ignoring of the very real fact that a lot of athletes are very financially irresponsible.”.

Will Smith once said, “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” There are people in the world that get paid way too much for what they are doing. Professional athletes and actors get paid too much for their jobs. Some professional athletes get paid millions a year for just sitting the bench for half of the season and people that work their hardest in an office space can not even make that in a lifetime. The Miami Marlins signed Giancarlo Stanton for three hundred twenty five million dollars for him to play there for 13 years (Anastasia, 2015). An average American cannot come close to the amount to what a professional athletes.

Many high school athletes biggest dream is to become one of the men or women they watch every weekend playing the sport they love on television in front of the thousand in the stadium and the millions at home. Usually the only downfall to going to a favorite college teams game, is having to pay for the ticket to get in. Fans may think, “Where does all the money go to?” Because it doesn’t go to the player out on the field who is bringing the fans, TV contracts, and publicity to their games. The NCAA (National Collegiate Athletic Association) makes an astonishing six billion dollars a year.

What can you say about Terrell Owens? As you stated, he is one of the most talented receivers to ever play professional football, however, his attitude and personality make it to where his talent does not mean as much. His relationship with reports, former teammates, coaches, and other players both past and present around the league have caused many to not want to associate with him. This year Terrell Owens was eligible to be inducted to the hall of fame for the first time. Typically, an individual with his statistics would be voted into the hall of fame in his first year, however, many are theorizing that he did not receive the honor yet due to his sour relationship with many of the voting members.

In a shining blue pool, overlooking a beautiful clear city a women tosses a football to wide receiver Terrell Owens. Terrell is lounging in a lawn chair next to a beautiful lady. He continues to tell us of his horrible time in Philadelphia, where he plays football. Scenes of Terrell being abused by fans, and completely cold shouldered unfold. Terrell then tells us how now that he has a Philly Cheese Steak in burger form, thanks to Carl’s Jr, all the fans and ladies adore him.

Therefore, to buy a house, and sustain a well paying job. Pro athletes are doing what they enjoy most and they should be rewarded with a high salary for doing so. They are always working constantly and not slacking. Most pro athletes don't have time to watch TV, or play video games. Which is great because they are replacing it with a healthy and rewarding activity.

In an article from the New York Times Patrick Ewing quotes “with the money I’m making now I can’t afford to support my family.” (E13). This comment is ridiculous; there is no way that a multi-millionaire should have a problem supporting their family. These athletes have to set their priorities logically and realistically, a person doesn’t “need” a multi-million dollar estate they just want one; this is what angers me. Another aspect that can be touched upon is whether or not they respect the people who provide their paychecks; those being their fans.

These Pro Athletes are also getting paid a lot of money becauses they are really well in their sport and why are they doing well. It may because they have a lot of talent and put a lot of time into training but also a lot of it could be the use of a performance

Athletes are known based on their names, their jersey numbers, and the teams they play for. What they are not known for is their investment portfolios or the stocks they have positions in. They’re not good with money and aren’t well educated on the subject of money too. When they retire, they lose a lot of money because they have more expenses than revenue. They go into a financial crisis and can lose everything. Athletes give up the sport they love to retire at an early age, giving up their dreams and major goals in life. They feel empty about themselves and begin to progress into an emotional crisis where they can’t motivate themselves to do anything. Emotionally, they have a downfall because of retiring which can affect the other aspects of life. Physically, professional sports can be demanding on the body and athletes are more prone to injuries. In the NFL, concussions are the likeliest form of injury and can also be the most damaging long-term. Damage to your body can be affected after sports and can also be the reason why you must retire. Putting your body on the line for the dream of having a temporary, short-term passion is a big dedication. The best way for professional athletes to prepare for life after retirement is for them to find an occupation that still connects them to a passion, educate themselves about money and

     From personal experience, a football player I knew said “I decided I was going to take steroids to get big and strong and aggressive. I didn’t care if I died, as long as I completed the season-just as long as I finished like a man.” This football player was so dedicated to being the best that he could be. He did not even care if he lost his own life. In recent years sports have become a huge industry. Just this year Alex Rodreguez signed a ten year two hundred and fifty million dollar contract with the Texas Rangers. This is the biggest contract in sports history. A gold medal in the Olympics can mean millions of dollars to athletes, coaches, managers, sponsors, and even countries. It is no wonder more and more people are striving to be the best, and will do whatever it takes to get there. When it comes to making money and a lot of it people will do just about anything.