After retiring from the NFL, a large percentage football players find adjusting to real life a struggle:
Terrell Owens hasn’t officially retired yet, and he already has blown the $80 million he earned during his career. Warren Sapp recently filed for bankruptcy. Former first-round picks Michael Bennett and William Joseph currently face federal charges of tax fraud and identity theft. Not every player falls into these traps, but a 2009 Sports Illustrated study said that 78 percent of NFL retirees have ‘gone bankrupt or are under financial stress because of joblessness or divorce’ within two years of their careers ending. ‘You’re talking about an identity crisis,’ said NFL vice president of player engagement and former Pro Bowl cornerback Troy Vincent. ‘Every athlete has to face the same question when they’re done: “Who am I?”’
“Life After NFL a Challenge for Many.” — Jeffri Chadiha, ESPN
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