Why Athletes Struggle After Retirement

With many athletes pretty much used to getting large amounts of money, they tend to spend a lot of it at a time which can cause them to financially struggle when they retire. For instance, the 2009 sports Illustrated article states that 78% of National Football League players are bankrupt or financially

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.

Athletes dedicate their lives to their sport and will do whatever it takes to get the results they want. They put themselves at risk every day to injuries that may cost them thousands of dollars. According

Awareness is the first step that should be taken when a professional athlete is seeking to manage their money. Knowing the cause for it will tremendously help the athlete to jumpstart their financial education. Four articles that contribute to this perspective of the argument are “How (and Why) Athletes Go Broke” by Pablo S. Torre, “Why Ballers Go Bust” by Paul Wachter, “Worshipping grossly overpaid athletes who act

Being elderly already includes them in a group of people who are overlooked by family and society. Being former athletes, especially those who went professional, includes them in a completely different conversation. The assumption for former pro athletes is that they have everything they could possibly need because they have money. This is never the case, and these people should be treated as individuals with the love and attention they

Being a professional athlete means that the individual is one of the best at what they do. There are very few, if any, who could beat them. Professional athletes play their sport in front of an audience and get paid for it. If the athletes are good enough, they develop fans. The fans enjoy seeing the athletes play so much that they are willing to pay to watch. Professional athletes are a lot like entertainers or performers. They must risk failure to succeed. But if they fail too often, they could potentially lose their fans, and if they lose their fans, their career as a professional athlete could be over. Professional athletes train for competitions or games in figure skating, baseball, tennis, golf, skiing, football, swimming, or whatever sport they specialize in. They put in hours and hours of physical training and loads of practice. “Most athletes train seven days a week for about five hours each day” (Castro). On competition days, athletes stretch, rest, drink water, and eat healthy foods. Professional athletes are expected, by their fans and coaches, to be the best they could possibly be at their sport.

We take a look at today’s professional athlete and wonder what it be like to live like that. Even though the professional athlete is few in

An athlete is responsible for the entertainment of millions of people, which is a complicated task. Once signed to a sports franchise, a weight is placed on an athlete’s shoulders that cannot be overlooked. However, to compensate for the challenging career, a high salary is provided. Economically speaking, the sports industry earns an immense profit that is distributed fairly to their players, taking into consideration future tax deductions. Participating in a professional sport is demanding on the fitness level, diet and the schedule of an athlete, which deserves a high payment to reward their hard work. Maintaining a successful career incorporating all of these factors can significantly compromise the mental and physical health of an elite

The performance of professional athletes is highly related to earning fame and establishing high salary contracts.

this sport.I have heard stuff like this and i don't even watch football ,i barely even like it.I also have evidence that before they got into this sport they knew what they were getting into .In paragraph 1 in Passage 1: Weighing the Risks it states ''Professional sports offer opportunities for fame and fortune. Regardless, some players still choose to walk away. They realize

A career as a professional athlete requires hard work, but the career offers many rewards. Professional athletes practice to develop and improve their skills. For competitions, they maintain their sports equipment in good condition. Professional athletes train, exercise, and follow special diets to stay in the best physical

Accomplished athletes seemingly deserve the disproportionately large amounts of earnings in comparison with those of other professionals. This is partly due to the many years of intensive training they have to undergo with mostly subsistence wages and nebulous future. Facts have shown that most of them can never reach the tipping point of their careers, omitting to gain any significant recognition. Those who have trained industriously enough to win in contests earn themselves the higher incomes owing to their profound influence of being the role models of perseverance on the public.

The previously discussed literature outlined several problematic aspects of athletic retirement, (i.e., the specific effects that transition out of sport has on athletes, the role of athletic identity in the athletic retirement process, injured athletes’ perspective about their retirement issues), as well as general career planning models, preexisting athletic career planning programs, general wellness models, the role of social support for athletes, and Bronfenbrenner’s ecological framework and how it can be applied to athletes. Thus, it was determined that a significant amount of athlete’s struggle adjusting to retirement and developing new interests, and/or a new career. The few athletic career planning programs appeared to be psychometrically sound and benefit the athletes who enrolled in

When thinking of professional athletes, sports cars, mansions, and money all come to mind. What about after the pros? Most people would say that professional athletes are set for the rest of their lives with everything luxurious. In most cases, athletes are accustomed to the luxurious lifestyle and living for the moment while playing in the pros that they do not think of retirement and no longer receiving salary or comparable salary if securing alternative employment. So if they do not have money put away, whatever they were paid as their last salary is what they have left. They continue spending their money on expensive restaurants, trips, cars, etc. until it is gone and bankruptcy is the only option. According to Sports Illustrated, “in

First of all athletes have to dedicate all their life to a certain sport to get into something like the NFL, NBA, or NHL you have to work all your life to get there like how Lebron James trained every day to get to the NBA and pushed himself even more. They need as much help as possible. Almost every person working as hard as they can to get there in a National league.