What Percentage Professional Athletes for their Retirement or Injury?
In 2008 according to U.S News article 60 percent of NBA players are moneyless within five years after retirement because they didn’t save money from their salary. If 60 percent are broke then just 40 percent of NBA athletes plan for their retirement. Professional Athletes should prepare themselves for retirement or in case of an injury. Professional Players need to set goals for their future and find other related jobs. This issue affects the athlete’s family because usually there is no budget for this situation. Professional Players should be advice regarding some strategy to help them. Athletes should balance their money for the family and for saving for the future. When athletes retire they have to find another job but first getting and education. In order to assist professional athletes a possible solution is to assist them to create a budget and how to take care of their finances. Professional athletes have to make a budget, save money for the future even more investments even before they pay. If athletes don’t implement these, consequences can happen to them. Consequences can be that the athlete can become; unable to pay
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For their future Professional athletes need to have a backup plan. They need to pursue education, or a trade. Professional athletes can train as a mechanic or an electrician in case they become injured or homeless. Before becoming a Professional athlete, they should have a High school degree then go on to college. Athletes should be encouraged to have a four year plan for their college education in the career they chose. Professional players can attend vocational school to learn to be a mechanic or electrician, Furthermore, if they want to attend a 2 year plan they can attend a community college it is easier than any other
College athletes have a goal that they pursue. The jump to the professional sports leagues is an accomplishment that most college athletes wanted to achieve. But most college athletes go to college and forego completing their senior year and don’t get a degree. In basketball most athletes are one and done. This means they go to college for only one year then enter the NBA draft. For the NFL players have to be out of high school for three years and necessarily don’t have to go to college.
When College athletes are recruited to college, most of the time they receive a four year scholarship to go to that university. Why not take advantage and use that four year scholarship to major in some profession. This ensures that if something were to happen down the road in the athletes professional career they would have a backup job. This would be the smartest idea because many athletes endure career ending injuries. With no education they have no job to fall back on, resulting in bankruptcy.
The only reason some athletes make it to college is due to scholarships for their performance on the field. If they don’t perform well on the field, that scholarship might get cut. This makes practicing the athletes a main priority. However, college athletes have to concentrate on their grades so they don’t drop out of college. These athletes know they may not make it to the pro’s, so they know they have to have a back-up plan.
...make time to study, be involved in college campus activities, work part-time and participate in athletics in order to succeed. Not having to deal with the pressures and status of being a paid professional will allow the student-athlete to focus more on the sport than on all the legalities of the sport. Leaning to set goals and achieve them as a student-athlete will help them become a well rounded individual.
A handful of athletes will have a chance to turn pro before they have completed their college career. Job-wise there is nothing better than getting paid for doing something that you truly love and enjoy. There is nothing wrong with players doing everything in their power to make them go pro. However it is a decision bound with peril.
“No one blows through money faster than millionaires with nothing to do.” -Unknown. This is true regarding the experiences of millionaires, but is it true with professional sports players? With athletes not finishing college, they don’t get the opportunities they would if they received full education. Arguably, the most educated player in the MLB is Craig Breslow on the Boston Red Sox. He was accepted into medical school before becoming a professional athlete. He had a major in biophysics and biochemistry, which he earned at Yale University. He was asked the question, “Where would you be if you weren’t a professional athlete?” Breslow replied saying he would be graduating medical school or hopefully have already graduated. Professional athletes should finish college before going pro because it secures their future. It teaches the younger generation maturity and the value of knowledge.
Ms. Jennifer Fontaine does not support the idea that athletes are overpaid. Ms. Fontaine suggests that athletes who are superior in their skills and talents associated with their respective sport should be duly compensated. Ms. Fontaine also states that the money earned by these athletes is justified because professional athletes work harder than people in almost any other profession. Last, it is her premise that the money earned by these highly talented athletes help to cover the high costs of medical treatment for serious, if not life-long, injuries such as knee, back/spinal, and head injuries.
Some people believe that college athletes already do get paid. They believe that the college athletes get paid through their scholarships that they have deserved and worked hard for. Contrary to popular belief, not every single college athlete comes out of college debt free. The av...
The chances of becoming a professional athlete are very low, and the chances of getting injuries are high. Being an athlete could lead to you being unemployed. According to the National Collegiate Athletic Association, “Of the nearly 8 million students currently participating in high school athletics in the United States, only 480,000 of them will compete at NCAA schools” (Probability of competing beyond high school). Even though there are many student athletes, the number of spots for college sports is a lot less. This shows that you cannot rely on just your athletic skills because only a few athletes will make it, and become a college athlete. NCAA also found that of all the NCAA college football athletes only 1.6% become professional athletes (Estimated probability of competing in professional athletics). Even with the tiny chances of becoming a professional athlete, somehow you become a professional athlete, the chances of becoming injured are very high. The Bureau of Labor Statistics stated, “professional athletes were among five occupations that had more than 1,000 injuries per 10,000 workers. Athletes and sports competitors suffer more than 2,000 injuries per 10,000 workers” (Fitzgerald). This shows that after becoming one of the 480,000 NCAA college athletes and becoming some of the few professional athletes you still have a big chance of getting an injury that could end your career. Becoming a professional athlete is a very risky job that most student athletes might not even
The salary of professional athletes are always being debated on whether they make too much or it 's the right amount they should make. Some of the athletes do make millions and millions of dollars, but there is some that don 't. Anyways in order to make the millions first an athletes must make it to the professional level. For example in soccer only 1.4% of people actually make it to the professional level. So the rest of the people make it for other sports such as football, basketball, baseball, and others. To be considered a professional athlete you must be getting payed to play a sport. They will be playing for a league and even tournaments and get rewarded with more money if they win. Some may think an athlete
Many college athletes receive scholarships for their efforts on the field, court, or track. NCAA rules allow that universities can cover the full cost of tuition, as well as the cost of living, and provide up to a five thousand dollar stipend to each athlete, each year (“Federal Appeals Court”). Having college tuition paid for is a huge burden lifted from a young person’s shoulders. Furthermore, colleges cover the cost of living, which also helps athletes not have to worry about money to live on. Some programs also provide a stipend to its athletes, where the athletes are given a sum of money, either in lump or segmented, that they can use on almost anything that they want.
The average retirement age in a professional sport is thirty-three years old, according to The Voice of America. This is a young age to retire, especially since the regular age to retire is sixty-five. If people retire so young than they must start a sport young in order to play it. If they start playing in a professional sport after college than they could be behind on all the training. Being behind on their training can cause them to be bad at that sport, and therefore won’t make much money. Athletes shouldn’t have to wait until after high school to play in a professional sport.
The salaries of athletes are extremely high for the effort that they put through. For example, basketball, baseball, and hockey athletes only compete for about 6-8 months a year. Then they have...
Introduction Over the past several decades, the salaries of professional baseball players have increased exponentially. Under the current system, for the first 6 years, players are contractually bound to the team that drafted them. During this period, a player’s compensation is not determined by market forces, but instead set by their employers. After 6 years, the player can seek offer from any team in a process called free agency.
NFL players need an education in case of injuries or if they can’t play for any reason. Players can have a degree in any type of subject. If a player wants to play in the NFL, he has to attend a college or a university that has a good football program. Some players come from high school but most players come from a four year college (Field 11). If you have a son that is going to be in the NFL who wants to play linemen, he has to be about 6’8” tall and weigh around 350 lbs. Players have to know the game. They can’t hope to be a NFL player if they don’t understand how to play the game (Green 174).