By JLP | September 20, 2012
This kind of stuff saddens me: How did Vince Young end up broke?
A 20-year-old model embarking on an NFL career is doomed to fail if he does not have the right people around him. Family is not the right people, no matter how good or loving or well-intentioned they are.
I once asked former NFL coach Bill Parcells what his advice to players was regarding money. He was always meddling in their business, calling them into his office and giving advice too few listened to. What he told them was to bank that signing bonus for a year, live on only one game check, then after a year live on the interest from the bonus.
He said few players listened.
So many of these young kids have no financial sense and then are given these massive contracts and they simply don’t know how to handle themselves. Add to that the fact that there are lots of “experts” out there willing to “help” these young kids for a fee. It’s all a game, people.
All that work, sacrifice, beating the odds to make it to the professional level, and then you lose it all because of bad decisions.