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The NCAA Promotes Broke Intentions?

Posted on Friday, 19th October 2012 @ 11:33 AM by Text Size A | A | A

I recently watched an ESPN documentary entitled Broke, a term that has reached nationwide. This hour program focused in on ex-NFL players who were rich athletes one moment and transformed into penny less men the next. It is hard to make a dollar out of fifteen cents, but how hard is it to make millions out of millions? Apparently it’s challenging enough where these professional athletes take losses with the money they have earned. A 2009 Sports Illustrated estimated that 78 percent of NFL players end up filing bankruptcy or gain financial stress within a couple years towards the end of their careers. NBA players don’t lead by example, while 60 percent of them are broke within a five year period retiring from the pros.

 

Whatever the case may be, these men lost everything they had due faulty business deals, bad investments and/or being swayed out of their monies. Your average working individual would ask. “Who in the hell are these guys giving their money to?” or “Don’t they understand the value of a dollar?” It is sad to say their actions have then and still to this day have shown differently. It’s the same old decisions just new faces. These athletes sprint to splurge for limos, the flashiest of clothing and jewelry without a thought of holding onto and preserving their assets.

 

New blood or old, many athletes have not had the correct bug in their ear. While these athletes are to blame, part of the blame lies within the colleges. The NCAA stands firm to their policy of no student athletes can be in contact with ex- players, pro athlete, agents and the list goes on. Is there a science to their madness? This rule rather than helping the present day student athlete, it stunts their growth as a financially functional individual. Majority of college student athletes are made up of minorities who grow up in communities or homes that lack financial direction.

 

Without any guidance to prepare these students athletes for pro careers they are almost certain to waste away their earnings. The thought of race can be a valued factor, as setting up young minority men for financial disaster seems a sure bet of hindering generations of African American and Latino men. The NCAA needs to revamp its old ways and seriously cater to these young gentlemen. Teaching them ways to better themselves and their communities without throwing away their future revenue foolishly should be a top priority. Before making these men a so called part of whatever University family they commit to, make them financially responsible and a part of the family they already come from. It would be devastating for another generation of pro athletes wastingaway what they worked so hard for.

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