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« Tuesday « February 5, 2008
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Andrew Bogut Had a Point
(Sports On My Mind blog)
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[A] representative of the NBA Players Association addressed the Raptors recently on matters of financial prudence. A statistic was cited during the meeting that startled some of the hoopsters. It was said that 60 per cent of retired NBA players go broke five years after their NBA paycheques stop arriving.The great thing about a blog is you can crib things you find on the Web and post them unexamined and unproven. I'm posting this one, because, if true, it's just a shocking stat. I really don't want it to be true, and yet my gut tells me...d*mn it is true. Of course, we need comparative stats: how does this apply to other sports, or how about other entertainers. For example, what percentage of platinum-selling rock or hip-hop stars go broke after their careers end?
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