This number is going to shock you. Fortune recently reported that 16% of NFL players actually go bankrupt after retirement. Despite multi-million dollar salaries, that means 1 out of 6 players NFL players lose their entire fortunes. And you might think the players affected are short term players, but some of them are among the best football players in the league. Forbes cites four reasons including out of control spending and dealing with new fame. Former NFL player Phillip Buchanon even claimed his mother demanded a million dollars for raising him. Check out which NFL players lost their fortunes.
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