Many NFL Players Are Broke, Living “Check To Check”?

03.03.11 7 years ago 16 Comments

The ever controversial Tupac Shakur once said you can’t go to war until you’ve got your money right and most NFL players may not be ready for the battle against the owners in a lockout situation, according to this MSNBC article. That is unless you’re Carson Palmer.

“When NFL owners read the opposing defense, they see an obvious soft spot in the line: the free-spending, high-living ways of more than 20 percent of the league’s players.

“Though a lockout has been threatened for years — and despite an apparent rise in the number of football stars safeguarding their millions — roughly 380 of the NFL’s near 1,700 players still live paycheck to paycheck, according to financial experts familiar with the league.

“Many NFL stars have made headlines because of their financial problems.

Luther Elliss, who earned $11.6 million with the Detroit Lions from 2000 to 2004, filed for bankruptcy in 2009 and has recently relied on friends and local churches to pay his bills. Raghib “Rocket” Ismail, who pulled in an estimated $18 million during a 10-year career, lost much of it through bad investments. Mark Brunell, now a New York Jets backup quarterback, filed for bankruptcy in June 2010 despite contracts that paid him $50 million during his career.”

Read the full article at MSNBC.

[TLF]

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