Paul Pierce "drowning financially" after earning $200m over basketball career

[liam]

I believe Larry Joe Bird has the first dime he ever made still.

[Roy H.]

Never trust anything in a child support affidavit, lol.

That said, Paul needs to significantly lower his expenses.

Last:  Quit gambling and support your kid, dude.

[Birdman]

Sorry but I don?t feel sorry for him or anyone who made that much money and now it?s almost gone.

[Csfan1984]

Absolutely. They should have been much more responsible. That's in spending and in life style. Basketball isn't forever every player has to retire at some point. Setting up long term should be the goal even when on a rookie contract. Budget and be disciplined.

What's even scarier is what's going on with a lot of the NIL kids right now.

The NIL looked like a positive but for some players it's a nightmare. For a lot of schools it's been a negative.

[Neurotic Guy]

Sorry but I don?t feel sorry for him or anyone who made that much money and now it?s almost gone.

I don?t think it matters if you feel sorry for him or not. I think what matters, since 78% of pro players go broke after 3 years (per Ozgod post), is that this happens with regularity.  I?d be interested in what variables correlate with this cluster of athletes. 

Paul Pierce is one of many and I?m not sure what would prevent this or decrease the likelihood of it.  I know pro sports offer guidance to rookies but NBA (esp rookies) are children. They are adolescent and they behave like adolescents. We know that many people well into their 20s continue to have adolescent, impulsive brains. 

It isn?t so much about the tragedy of Pierce?s financial challenges, it?s that so many of these players end up in similar situations.  It seems obvious that efforts to prevent this haven?t worked, so if I?m a leader in the players union I might start thinking out of the box.  Maybe a player pension plan that they are required to pay into that would be available only later in life would at least be a help. Idk, but it?s clearly a problem that pro leagues should address.

[No Nickname]

I believe Larry Joe Bird has the first dime he ever made still.

Didn?t Bird also have his own issues with acknowledging his biological child and paying for support for a while?