Biggest Takeaways from ESPN's 30 for 30 Documentary "Broke"

Ryan RudnanskySenior Writer IOctober 3, 2012

Photo Credit: ESPN
Photo Credit: ESPN

It's only natural to have little sympathy for professional athletes who go broke after receiving multi-million dollar contracts in their careers, but ESPN latest 30 for 30 installment, "Broke," highlights some obstacles for athletes we never truly considered.

Some of the reasons, such as living "the baller life" after receiving your first paycheck, is still hard to understand for those who have never made near the money these athletes have.

But there are some other factors of the equation, as detailed by "Broke" on Tuesday, that make you think twice about athletes who lose vast sums of money.

One thing that stood out to me the most was when family members and friends—some of those friends should have quotation marks around them—ask for help financially.

Athletes talked about how it was difficult to simply say "no" to those you hold dear.

How do you tell a poor relative that you won't help them?

When you have the means to help someone financially, it's very easy to be too generous without realizing what it will do to your pocketbook down the line.

List of athletes who have filed for bankruptcy, via ESPN:

Every athlete on this list has filed for bankruptcy -> yfrog.com/09z90ej #Broke

— ESPN (@espn) October 3, 2012

That brings me to another issue addressed in the installment: managing your money.

Especially when it comes to pro-football players, your career—compared to the average worker in America—is much shorter.

Sure, you make way more money, but you have to plan for the future, when you are out of sports in your upper 20s or early 30s.

It's a problem of money management, something some athletes were never schooled on. You make so much money at an early age that you don't think you can ever lose it.

There's also the fact that you can never anticipate a career-ending injury. You could be the star of your sport, set to play for 10 years or more, and all of a sudden everything stops because of an injury. You never anticipate your cash flow coming to an abrupt ending.

Then you have agents and financial advisors who take advantage of you and stash money without you ever realizing it until it's too late. The people that you trust the most can sometimes be the most crippling to your financial well-being.

It's hard to feel sorry for athletes who flaunt their cash, but if you thought you had the money to buy a mansion, would you do it?

"Broke" wasn't meant to ask us to take pity on professional athletes—and there were some who didn't like it at all like Desmond Howard, but it does give us some insight. Sometimes putting ourselves in another person's shoes gives us an entirely different perspective.

Follow <span class=

Related

    Hollywood Rams Are Back ✨

    LA has a tough route to a WC game but they are coming for it

    Featured logo
    Featured

    Hollywood Rams Are Back ✨

    Brad Gagnon
    via Bleacher Report

    Impressive 49ers Control Their Destiny

    49ers vs. Saints was the game of the year and @MikeFreemanNFL wouldn't mind a rematch in the NFC title game

    Featured logo
    Featured

    Impressive 49ers Control Their Destiny

    Mike Freeman
    via Bleacher Report

    Did the CFP Committee Get It Right?

    B/R's @KerranceJames breaks down the final CFP ranking

    Featured logo
    Featured

    Did the CFP Committee Get It Right?

    Kerry Miller
    via Bleacher Report

    College Football Playoff Set 🏆

    • Peach: No. 1 LSU vs. No. 4 OU • Fiesta: No. 2 OSU vs. No. 3 Clemson • CFP semis set for Dec. 28

    Featured logo
    Featured

    College Football Playoff Set 🏆

    Timothy Rapp
    via Bleacher Report