Football is a way of life in America, and the men and gridiron demigods who enter the arena have salaries to match.
The median NFL player was earning $860,000 for the 2019-2020 season — and Aaron Rodgers just signed a massive three-year deal with the Packers for $150 million, claiming the top spot as the league's highest paid player.
So, with all this money coming in, who cares if Odell Beckham Jr. has special diamond-encrusted cleats that cost him $200,000? Or that Antonio Brown's Steelers-themed Rolls Royce might have cost him $500,000.
It's hard to envision that much money going up in smoke. Unfortunately, for the iconic players on our list today, it may as well have.
Despite earning millions of dollars during their high-profile careers, most of these star athletes drained almost the entirety of their fortunes not long after leaving the league.
Sports Illustrated once estimated that four out of five retired NFL players go broke within the first two years after their career ends.
Extravagant spending, poor investments, family needs and divorces and bad financial advice made these stars lose millions.
Here are 24 of the NFL’s most powerful players who lost it all.
Subscribing to Moneywise Has Its Rewards
Hello! You’ve found us by way of our phenomenal lifestyle content, but did you know Moneywise is best known for producing thoroughly researched personal finance content, written by the smartest personal finance writers in the industry?
If you subscribe to Moneywise—for free—you’ll receive a twice-weekly personal finance newsletter that makes you smarter about your money.
*Subscribers must be logged in for display advertising to be disabled. Ad-free refers only to display advertising. Content on Moneywise often contains affiliate offers. It would be impractical to remove these from content for subscribers. Furthermore, Moneywise believes linked products and services add sincere value to the content. With that being said, please be aware articles may still contain affiliate offers. These offers will be clearly marked in line with our advertising guidelines.
†Terms and Conditions apply.