Musketeer Madness

A major basketball analyst said during the NCAA broadcast.....99% of these college players are done after college basketball and will never play again, no professional playing

Xavier2005 wrote: ↑

Mon Mar 27, 2023 1:46 pm

A major basketball analyst said during the NCAA broadcast.....99% of these college players are done after college basketball and will never play again, no professional playing

you can say the same about every other sport.
My brother-in-law once mentioned to his son about the numbers between high school(about a million plus) to college, and it was about 10% make it in college and about out of 100,000+or- college players about 1 thousand and change make it to pro football. At the time, his son was a heralded player in the Cleveland area and went on to play college ball. He remembered his dad's stats and my telling him to look at college like the job he will after college, be it in football or not. Give 8 hours a day to college, classes, studying etc., and you will find out college is so much easier and less stressful...something I learned the hard way. He told me when he graduated that after the first year, he decided to try my advice and found out I was right. He graduated with honors after a tough first year and became a successful banker/trust officer with billion-dollar clients, and now he tells his kids what I taught him. OH, BTW he was injured his first year and was unable to continue with his football career which had been very successful up to the injury.

As an adjunct to this, we often learn of the bankruptcies of well paid athletes.

Served on a Board with a fellow who would also counsel young NFL athletes on avoiding financial pitfalls. He served as part of an NFL program which sought to prevent those disastrous financial mistakes and lifestyle decisions which lead to the frittering away of assets.

The fellow advised me the mentoring usually never took hold for the statistical reasons cited above. Even though the mentors would cite the high percentage of players who would go bankrupt or lose it all, the points never sunk in. These were the very athletes who overcame the overwhelming odds noted and made it to pro ball and its money. Therefore, these players discarded the financial stats, assuming they once again would beat the odds. Sadly, all too often, the probabilities did apply in that financial phase of their lives.

ChitownSteve wrote: ↑

Mon Mar 27, 2023 2:45 pm

As an adjunct to this, we often learn of the bankruptcies of well paid athletes.

Served on a Board with a fellow who would also counsel young NFL athletes on avoiding financial pitfalls. He served as part of an NFL program which sought to prevent those disastrous financial mistakes and lifestyle decisions which lead to the frittering away of assets.

The fellow advised me the mentoring usually never took hold for the statistical reasons cited above. Even though the mentors would cite the high percentage of players who would go bankrupt or lose it all, the points never sunk in. These were the very athletes who overcame the overwhelming odds noted and made it to pro ball and its money. Therefore, these players discarded the financial stats, assuming they once again would beat the odds. Sadly, all too often, the probabilities did apply in that financial phase of their lives.

might have mentioned to those players that NFL rosters are unstable. On average, only 56% of players return from one year to the next, and two years out, it is just around 35%. But then they probably would say that for the other guy not me.

muskieman wrote: ↑

Mon Mar 27, 2023 2:52 pm

[quote=ChitownSteve post_id=200700 time=<a href="tel:1679942717">1679942717</a> user_id=4933]
As an adjunct to this, we often learn of the bankruptcies of well paid athletes.

Served on a Board with a fellow who would also counsel young NFL athletes on avoiding financial pitfalls. He served as part of an NFL program which sought to prevent those disastrous financial mistakes and lifestyle decisions which lead to the frittering away of assets.

The fellow advised me the mentoring usually never took hold for the statistical reasons cited above. Even though the mentors would cite the high percentage of players who would go bankrupt or lose it all, the points never sunk in. These were the very athletes who overcame the overwhelming odds noted and made it to pro ball and its money. Therefore, these players discarded the financial stats, assuming they once again would beat the odds. Sadly, all too often, the probabilities did apply in that financial phase of their lives.

might have mentioned to those players that NFL rosters are unstable. On average, only 56% of players return from one year to the next, and two years out, it is just around 35%. But then they probably would say that for the other guy not me.
[/quote]

They cite the very statistics you note and the conclusion on the thought of it applying to others, not themselves, is also spot on.