One of the byproducts of Michael Jordan’s brilliance in the 1980’s and 1990’s, and the popularity he brought to the NBA, was the skyrocketing value of contracts handed to NBA players. To this day, NBA contracts are only second to MLB contracts, in terms of their eye-popping values.
But as many sports fans are aware, there is an unfortunate amount of NBA alumni who don’t have anything close to the amount of money they earned in the NBA, when their careers are over. The “usual suspects” for NBA players losing their money are lavish expenditures, family obligations, and bad business investments, but there are certainly other circumstances as well.
We detail all those scenarios in our updated look at NBA players who lost much of their basketball riches, and how they’ve been doing lately.
Continue reading on the next page.