Professional athletes being bad with the enormous sums of money they earn is a well-accepted trope.
The rise in the popularity of televised sports over the past three decade has resulted in an entire generation of young athletes who have earned generational wealth many times over by the time they turn 30.
Many athletes come from impoverished situations and by the time they make it to the position where they can take care of everyone around them the pitfalls for their financial ruin are already in place.
Add in the hangers on and the expectations of a lavish lifestyle from the public, and the recipe for financial ruin is prepped.