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Former Packer tells tale of after football
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<blockquote data-quote="TJV" data-source="post: 587256" data-attributes="member: 4300"><p>I understand the idea behind mandating that agents be more responsible for the players’ finances but at some point players have to be responsible for themselves. If the agent sets up an automatic savings plan, those funds can be withdrawn by the player. For example, I’ll bet Sapp liquidated a lot of investments. For some of the players, they’ve been cuddled since junior high school. If that continues through their NFL careers, what happens when they retire? Who should be responsible for them then? <em>Should the NFL create an organization on the order of ‘visiting nurses’ called ‘visiting parents’?</em></p><p></p><p>I believe the NFL conducts financial planning/responsibility seminars for all rookies. I’ll bet the players who want to be responsible pay attention. Rookies and older players signing big contracts for the first time have access to a locker room full of players who’ve had experience with financial advisors, it wouldn’t be difficult for them to get a referral to a reputable person. Those who want to be responsible can be and those who don’t … at some point there’s no cure for stupid. IMO the NFL should facilitate players finding responsible representation but they shouldn’t mandate it. Players who get swindled by crooks have legal recourse. Those who **** away their money either learn their lesson or they don’t.</p></blockquote><p></p>
[QUOTE="TJV, post: 587256, member: 4300"] I understand the idea behind mandating that agents be more responsible for the players’ finances but at some point players have to be responsible for themselves. If the agent sets up an automatic savings plan, those funds can be withdrawn by the player. For example, I’ll bet Sapp liquidated a lot of investments. For some of the players, they’ve been cuddled since junior high school. If that continues through their NFL careers, what happens when they retire? Who should be responsible for them then? [I]Should the NFL create an organization on the order of ‘visiting nurses’ called ‘visiting parents’?[/I] I believe the NFL conducts financial planning/responsibility seminars for all rookies. I’ll bet the players who want to be responsible pay attention. Rookies and older players signing big contracts for the first time have access to a locker room full of players who’ve had experience with financial advisors, it wouldn’t be difficult for them to get a referral to a reputable person. Those who want to be responsible can be and those who don’t … at some point there’s no cure for stupid. IMO the NFL should facilitate players finding responsible representation but they shouldn’t mandate it. Players who get swindled by crooks have legal recourse. Those who **** away their money either learn their lesson or they don’t. [/QUOTE]
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