Why NBA Players Go Broke

Trevor Ariza recently found himself in the news after a court filing indicates he may struggle to make payments to his ex-wife.

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[dfazen]

As a single guy its crazy for me to think someone can live like royalty and not work since '08 lol

[theflyingsmiley]

Spencer made me laugh when he said: "Pro athletes, please stop having babies by multiple women!"

[revisionreader]

$9000 for food is insane- even when i was competing at national level for swimming I barely broke above $1k during peak training phases

[terrys]

I used to feel sorry for many of these athletes. I don't feel much sympathy anymore as most Americans are struggling paycheck to paycheck.

[MADGUNSMONSTER]

If you've made 117 million, 2 Rolls Royces is not what makes you go broke. Its a whole rack of financial malfeasance that gets you there.

[shack]

It’s crazy how minuscule financial intelligence athletes have. Makes you appreciate guys like Shaq and LeBron even more

[untouchablex]

$55k a month of expenses? That's around the national median income.

[redberdz]

funny how she files for divorce within 3 months after trevor retired. gotta cash out at the end before the well dries up

[joshuad]

I eat out 2-3x a day 7 days a week, I eat ALOT, $20 min every time, and I still could never touch $9000 a month in food wtf

[rogerwalker]

Ariza's championship was actually against the Magic in 2009, he was not a member of the team in 2010 that defeated the celtics.

[dredre]

It’s crazy this is still happening with athletes. they have literal classes in the nba now for rookies that shows them exactly what to do with their money. the fact ppl can have so much money and not see the value of immediately investing.

[cvgodd]

Jason Tatum has the perfect plan to stay rich. He only spends his endorsement money and doesn’t touch his NBA money. He can probably make around 600 million by the time he retires. The interest alone off that is more than enough to live off. His mom is his manager so he doesn’t have to worry about getting robbed. I thought that was a pretty smart idea.

[marchechter]

His monthly bills are pure gold ... comedy gold. What kind of people must be around him to end up with such monthly expenses. Well done everyone. Great team/friends/family. Even in a mental institution the patients would call him crazy and/or stupid beyond the chance of ever getting sane.

[Camelotskin]

She didn't waste any time after he was done playing. Sad how these guys get played.

[PaquiPaqui]

Every basketball athlete contract should have a warning in the first page: "About two thirds of basketball players go broke after they retire. Manage your money wisely!"

[FloppyDobbys]

As the old and very true saying goes…

A fool and their money are easily parted.

[gabe_duncan]

He ain't broke he just trying to cut down on that child support

[baileyjohn]

She spends 4K on clothes and 1.5K on education.. make it make sense

[aaronnilestoussaint]

Courts need to literally put a foot down on this crap now that ridiculous idc how much money the man makes 9k on food is insane 55k a month is literally idiotic you have women complaining about the patriarchy but you will never hear a woman say this should be illegal to lie this much on a child support payment

[SYN]

Here's an idea: How about the person who is the most financially stable get custody of the kids?