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League-Wide Salary Cap Space as of Week 2, 2019
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<blockquote data-quote="HardRightEdge" data-source="post: 842886"><p>It's been frequently reported how many pro athletes eventually go broke. This one got a lot of attention at the time, a decade ago:</p><p></p><p><a href="https://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke" target="_blank">https://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke</a></p><p></p><p>"By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because $of joblessness or divorce."</p><p></p><p>Is it any better now with NFL salaries far outpacing inflation in the last decade? Probably not. If you can blow $5 mil or $20 mil or $60 mil out the door, it's easy to blow $7.5 mil or $30 mil or sky's the limit.</p><p></p><p>What may not be so well understood is how many teams don't generate all that much free cash flow. Some are very profitable, most are meh or worse. One of the theme's from "Ballers" this season is a buyout of the Chiefs for $3 billion on borrowed money. One of the principals in the deal compared owning an NFL franchise to a high yield government bond. While there are no such bonds anymore (this is fiction after all), the point is valid: the retrun on investment is steady and predictable even if not great in most cases--until there is a strike.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 842886"] It's been frequently reported how many pro athletes eventually go broke. This one got a lot of attention at the time, a decade ago: [URL]https://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke[/URL] "By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because $of joblessness or divorce." Is it any better now with NFL salaries far outpacing inflation in the last decade? Probably not. If you can blow $5 mil or $20 mil or $60 mil out the door, it's easy to blow $7.5 mil or $30 mil or sky's the limit. What may not be so well understood is how many teams don't generate all that much free cash flow. Some are very profitable, most are meh or worse. One of the theme's from "Ballers" this season is a buyout of the Chiefs for $3 billion on borrowed money. One of the principals in the deal compared owning an NFL franchise to a high yield government bond. While there are no such bonds anymore (this is fiction after all), the point is valid: the retrun on investment is steady and predictable even if not great in most cases--until there is a strike. [/QUOTE]
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