ESPN aired a documentary last week titled Broke that discussed the financial obstacles many athletes encounter when they finish their playing careers.
One athlete featured in Broke is Curt Schilling, the former All-Star Boston Red Sox pitcher who we blogged about this summer. Schilling opened a video game company that struggled financially and had to file for bankruptcy. In Broke, Schilling discusses how, when he received his first paycheck as a Major League Baseball player, he cashed it and spread $20 bills around the bed in a hotel he was staying at and ordered room service.
During his baseball career, Schilling earned more than $100 million. “I never believed that you could beat me,” Schilling says in Broke. “I lost.”
Former Cleveland Browns quarterback Bernie Kosar was also featured in Broke. Kosar filed for bankruptcy in 2009, after several failed real estate investments hurt him financially. “Bernie played 12 seasons in the NFL—over three times the length of the average career. He was also known for being more financially successful in business after he retired from his lucrative career,” Broke director Billy Corben told the Wall Street Journal. Corben went on to mention how Kosar’s failed investments mirror other athletes and also “those of average Americans.”
Much like the athletes featured in Broke, if you are struggling financially our Maryland and Washington DC bankruptcy lawyer can help you with a free consultation if you fill out the contact form on this website or call (202) 483-6070 to schedule an appointment. We can offer you the best solution for whatever your debt issues may be.
Law Firm of Kevin D. Judd– Washington DC and Maryland bankruptcy attorney