Here's Why So Many Wealthy Athletes Wind Up Broke

Whenever a prominent professional athlete files for bankruptcy, there's always a chorus of armchair financial experts wondering how such a thing could happen and talking about how they would have invested those millions so much better. But while they sometimes involve larger sums than most Americans can get their hands on in a lifetime, the money mistakes made by athletes are actually pretty common for other consumers. The difference is that players make most of their money before they've had a ...