We wrote that Dez Bryant is the new face of the National Football League (NFL). In heavy debt after leveraging his first-year salary to pay for the kind of amenities that those who are nigga rich purchase, Bryant owes creditors more than $800,000.
|NFL player are using payday loans while being locked out|
Payday loan stores, liquor stores, check cashing stores are the primary businesses found in predominately Black areas (in predominately Hispanic areas, family-owned restaurants are found in abundance). Some have argued that these type of businesses prey upon the colored community. Because of poor decisions continually made by Black people, income inequality exists in America.
Even for those, like Dez Bryant – who once had to pay a $54,000 bill that the entire Dallas Cowboy’s football team racked up at a steak house as part of rookie hazing – who earn millions and ultimately spend millions more then they make.
Sports Illustrated did a study two years ago that showed:
In a less public way, other athletes from the nation’s three biggest and most profitable leagues—the NBA, NFL and Major League Baseball—are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players’ associations, agents and financial advisers) indicate that:
• By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.
• Within five years of retirement, an estimated 60% of former NBA players are broke.