Lou Holtz was quick to sell high school athletes on the idea that choosing Notre Dame was a "forty year decision" -- not a four year decision. Twenty-five years later, Brian Kelly is making the same pitch. Here's why. FACT: The average career for a NFL player is 3 1/2 seasons. By the time they have been retired for two years, 78% of all NFL Football players have either gone bankrupt or are under financial distress because of joblessness or divorce. That means the majority of these "kids" are 28 years old and broke. FACT: The average career of a NBA player is five seasons. Within five years of retirement, an estimated 60% of former NBA players are broke. I found this Sports Illustrated story on this very subject -- and ironically they interviewed former Notre Dame All American Rocket Ismail for the article. Rocket, while not broke, lost several million dollars due to self admitted "ignorance." In the story the writer infers that Ismail is more fortunate than most since "he has his Notre Dame degree..." I believe you'll find this story quite interesting.
FINANCIAL STRUGGLES FOR PROFESSIONAL ATHLETES