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How Retired NBA Players Are Escaping Post-Career Financial Troubles

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  • The league, union, and retired players association have combined to quell a post-playing career financial pandemic. Players like Grant Hill and Caron Butler are perfect examples of that.

Ten years ago Sports Illustrated published a haunting feature on the dark reality of many professional athletes’ finances. Lucrative contracts consistently melted into the exhaust pipes of luxury vehicles. Hundred-thousand dollar investments in quirky inventions quickly evaporated. Full fortunes were sliced through divorce settlements.