60% of NBA players are bankrupt by five years after their retirement.
(h/t: Marginal Revolution)
Reminds me of a quote from the first couple of pages from the book I'm reading now: Zuckerman Unbound by Philip Roth. Basically, the main character, Zuckerman - a novelist has just released a bestseller and has heaps of money coming his way.
Gone were the days when Zuckerman had only to worry about Zuckerman making money: henceforth he would have to worry about his money making money.
From Stuff...
Evans will earn somewhere in the region of $2 million for his 2 1/2 years with Quins, though it has been speculated that Carter could haul in as much as that for a single year in France.
One thing I don't understand about this is where do the European clubs get the money? Is there really such a big market for players in a region that is dominated by soccer? Then again, even in Europe rugby players make chickenshit compared to their soccer counterparts who are getting $20 million+
One question is, who is earning the most in NZ rugby? How much can the NZRFU actually afford to pay players? They'll need to up the ante or more players will leave. They have the lure of the All Black jersey but apparently you can put a price on that now (about a million or so).
