Articles like these help explain why Rick Reilly is the worlds best sports satirist. Here he explains why a majority of athletes file for bankruptcy after they retire. What would our economy be like if it were not for hundreds of millions athletes waste each year?
http://sports.espn.go.com/espnmag/story?id=3469271
Some great quotes:
“Baseball slugger Jack Clark had 18 cars and owed money on 17 when he went broke”
“Go for Maybachs. They sell for as much as $375,000—even though they look like Chrysler 300s—and nobody will ever know how to pronounce them, much less fix them.”
“…went splat by investing in everything but fur socks ($490,000 in unlikely-to-be-repaid loans) and gambling large ($185,000 in casino markers). In other words, a Tuesday for John Daly.”
“Mike Tyson once spent $9,180 in two months to care for his white tiger. That’s why Iron Mike’s picture is on our logo!”

Mike Tyson, here’s a guy who made $300 million in his career but still owes $27 million.
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