Why More Than Half of NFL Players Are Broke by 50

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Why More Than Half of NFL Players Are Broke by 50
Ronald Martinez/Getty Images

Back in the spring of 2004, Terrell Owens earned $10 million just for signing his name.

That was the deal that landed him with Philadelphia, one of a handful of contracts that garnered the All-Pro wide receiver a reported $80 million during the length of his 15-year career.

Yet, within a year of playing his last game, the news hit: Owens was broke.

Owens may find his way out of the "hell" he claims to be in—maybe he'll earn some big time bonuses for Allen Arkansas Wranglers.

But even if T.O. does crawl his way out of trouble, he certainly won't be the last multi-millionaire NFL superstar to fall on hard and surprising financial times. 

How does that happen? Here are a few explanations.

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