The league is still busy trying to tackle the problem of keeping players out of jail. Maybe retirement plans are next on the agenda. I'm by marriage related to

The league is still busy trying to tackle the problem of keeping players out of jail. Maybe retirement plans are next on the agenda. I'm by marriage related to a recently retired NBA player employed by the league with the job of giving retarded simple advice about keeping out trouble and paying taxes, and so forth. Anyway, the color of this problem of stupid decisions with large pro sports salary money is black. The cause is the disintegration of the black nuclear family. If a dumb white kid makes it big in baseball or the NFL, some reasonably successful uncle or cousin will come out of the woodwork to offer good advice. The dumb black kid, with just a mom and no functional extended family, will be prey to all kinds of hucksters. There's plenty of literature about how these athletes lose their money: they get taken by local businessmen on deals for things like car washes and restaurants. They don't know how to value a business and they don't trust national financial markets, so they get soaked by local operators who trick them into trusting.