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$62 Million Dollars Gone — Another NBA Player Files For Bankruptcy

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AFRICANGLOBE - Darius Miles, a former player for the L.A. Clippers star, has filed for bankruptcy. The 6 ft 9 in professional basketball player was the 3rd overall pick in the 2000 NBA draft and played for the Los Angeles Clippers. His nine-year contract earned him $62 million, but now it's gone. It's hard to comprehend $62 million gone so quickly. What happened?

Here’s One Reason Why So Many Professional Athletes Go Broke

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AFRICANGLOBE - The story of a professional athlete going broke soon after their playing days are over – or sometimes even during their careers – is nothing new. In fact, a recent Sports Illustrated article suggested 78 percent of NFL athletes are either completely broke or under financial stress within two years of retirement. Think about that for a minute; statistically speaking, only one of your five favorite players won't go broke.
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