We learned a lot about how athletes blow their fortunes from ESPN’s 30 for 30 documentary Broke. Women, entourages, car washes, gambling, etc. all create the perfect storm for an athlete to lose millions and have virtually nothing to show for it.
But if all that wasn’t enough, some players apparently think up even more creative (and asinine) ways to spend their money. Former NBA player and current ESPN analyst (and Justin Bieber apologist) Jay Williams went on “The Brilliant Idiots” podcast with Charlamagne and Andrew Schulz and claimed that certain unnamed players would bet up to $20,000 or more on a game of rock, paper, scissors:
JW: “Think about gambling to the next degree, like ‘rock, paper, scissors’ bet 20 grand.”
Brilliant Idiots: “That’s what they do?”
JW: “All day long. Why wouldn’t you? You get bored! You get bored! Especially, don’t get yourself down in a dice game. Don’t be in the corner and let some dude keep fading you, all of a sudden you’re down a hundred grand and he’s like, ‘Yo, bet it back – rock, paper, scissors.’ “
If you were already fresh out of sympathy for athletes who blow their money like this, then this certainly won’t help, but Williams does bring up a good point about the pressure placed on rookies to try and keep up with the veterans. In any case, thank god for the rookie transition program.