Retired athletes, regardless of their sport, have
difficulty assimilating to the world of being a "normal person" when
the fans stop noticing and the checks stop being written. This is a
difficult transition that most are not prepared for and it can happen for many
reasons. Losing something as quickly as earning it is a whirlwind process that
people are devastatingly effected by. This is the case far too often with
athletes and the money they earn, the friends they have, and the status they
hold in society.
The money is lost so
easily because many of them don't know how to handle it. Poor investments due
to false pitches, having to have bigger and better than other players, family
coming into their lives who were not there for the first 20ish years are all
factors of how this money goes so quickly, and this is the first time they may
have ever even gotten a paycheck. This is the basis on which they learn to
handle money, and that leads to retired athletes both upset for not knowing in
the first place, but also gives them a foundation of how to handle money in the
future. Unfortunately, future funding is not what they're looking forward to
when they get drafted and the whole system is a paradox. Gary Penn said this in
the article about Olympic athletes stating, "My biggest fear is that they
only focus on the Olympics goals and don't think about what comes after. When
they do, it's too late." There is generally no clarity in the mindset of a
young player other than to be the best athlete they can be, this takes focus
away from being the best person they can be, and is a large factor of broke
retirees.
The emotional toll that this takes on athletes is
enough to drive some to depression. This is mostly due to the fact that when
others stop seeing them as having a cash value, the relationships they thought
they had end up crumbling. Friends, financial advisers, spouses, and even
parents, stop giving attention to these athletes in a lot of cases. This hugely
affects people's psyche and can cause a downward spiral when players have no
job and no one to love them when they're coming down from this high of holding
superstar status, when they need it most.
Unlike the world of Hollywood where actors and actresses may be remembered decades beyond their time, major sports players can be forgotten even before the next season starts. Going from having fans that would pay hundreds or thousands for the opportunity to meet you, to being addressed as, "Hey you were that one guy," gives players a complex of no longer being significant to anyone's lives.
Unlike the world of Hollywood where actors and actresses may be remembered decades beyond their time, major sports players can be forgotten even before the next season starts. Going from having fans that would pay hundreds or thousands for the opportunity to meet you, to being addressed as, "Hey you were that one guy," gives players a complex of no longer being significant to anyone's lives.
I'd never even thought about the issues that a lot
of players end up facing before this. After reading these articles and viewing
the documentary it is easier to see how and why athletes end up losing all of
their money. I never took into consideration the masses of people that would
clog an athlete's mindset, like family coming out of the woodwork and people
looking at the athletes as dollar signs. Before going into this assignment I
would get sick about the amount of athletes that go pro only to end up broke,
partially because I am one of those students paying for their degree through
loans and scholarships, and it seems like a huge waste of money that could be
spent so much more beneficially in this world. I've never been in the military
but I do have people close to me that have and the comparison made of literally
being taken out of one mindset of being an all star one day and being dropped
into a stay-at-home-body the next, I can imagine would be similar. I've been
told, and I'm sure people just know, that it's the same for our troops. They're
fighting to stay alive one day, and then expected to come home and have a
mentality that everything is fine on the next. There's no way to transition
from one to the next without preparing people for how difficult it will be.
Costas, Bob. After Olympic Athletes Retire, What's next for Them? Digital image. NBC News. Associated Press, 25 Sept. 2012. Web.
Costas, Bob. After Olympic Athletes Retire, What's next for Them? Digital image. NBC News. Associated Press, 25 Sept. 2012. Web.