What percentage of NBA players end up flat-broke after 5 years of retirement?

Gilbert Arenas

Gilbert Arenas

Answer: 60%

According to Sports Illustrated, 78% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association players go bankrupt within five years after leaving their sport. The Richest compiled a list of 15 NBA stars who went broke after their career wrapped up.

 

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