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20 Valuable Financial Lessons From Retired Athletes 20 Valuable Financial Lessons From Retired Athletes You don t need a sports career or any special knowledge to learn from the success and mistakes of these athletes. Editor s Note: This story originally appeared on NewRetirement. Retired athletes too often face financial ruin. According to authoritative reporting by Sports Illustrated, approximately 78% of NFL players either go bankrupt or face some serious financial stress within two years of ending their playing careers, while 60% of NBA players are broke within five years of retiring from the game. More recent data from the National Bureau of Economic Research estimates that 2% of retired football players file for bankruptcy within the first two years of retirement and almost 16% do so by year 12.

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