Sad story that superstar running back Adrian Peterson is broke. I think pro sports unions should be as aggressive as possible in protecting their members financially. Which generally means protecting them from themselves. Negotiate for something like 15% salary matching in an approved, low-expense, diversified fund that can only pay an annuity, no touching the principal until age 65.
I don't claim the 15% will be extra money to the athletes. It would effectively come as a reduction in salary. But for newly-wealthy pro athletes, it is money that will never be missed, and will hopefully save them from future penury.
I don't claim the 15% will be extra money to the athletes. It would effectively come as a reduction in salary. But for newly-wealthy pro athletes, it is money that will never be missed, and will hopefully save them from future penury.
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