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Cake day: July 5th, 2024

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  • I wonder what the highest career earnings are for somebody who went broke after they retired.

    I can easily see how the majority of pro athletes who make $5m or $1m or less only over a couple of years and are financially illiterate can blow it all in a heartbeat. But if Ant goes broke, who will have earnings of almost $300m after his current contract (and is guaranteed to make a lot more without a career-ending injury), that absolutely has to be #1.

    He could pay $100k/year in child support (Dwight Howard pays $36k/year) for 20 kids for 18 years/each and that amounts to $36m, which is only 12.5% of what he will have earned by age 27.

    In order to spend all of his guaranteed money, he would need 161 kids on child support to blow it all. Or 446 kids at Dwight Howard’s child support payments. Does he got that dog in him?